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Fiat Money Produces Endless Sea of Wars, Debt, Social Inequality; Why Gold is the Answer

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Published : July 26th, 2011
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Category : Editorials

 

 

 

 

My friend Dominic Frisby put together an interesting video on the rationale for a gold standard.



Link if above video does not play


A gold standard will not cure every social ill in the world, nor will it stop all senseless wars. Nothing will. However, by now it should be clear to everyone that the current fiat system is good only for bankers, brokers, politicians, war mongers, and the already wealthy. Everyone else loses as inflation eventually eats away at what's left of the rapidly shrinking "middle class".

All fiat currencies including the US dollar are doomed. The only debate is the path it takes to get there.


 

 

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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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rodney j. - 7/27/2011 at 8:21 PM GMT
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