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Gold and Fiat Currency: Forty Years Later

- Nick Barisheff - Bmg

very well written article, you get the message through speaking very plainly. You keep no secrets all is out in the open to those who have an ear to listen.

Commented 4836 days ago

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Beginning of the headline :"In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings." -- Aristotle Today, Monday, August 15, 2011, marks the 40th anniversary of the US default on the dollar’s convertibility into gold. It was the world’s de facto reserve currency and thus began an experiment with a reserve fiat currency that was doomed to failure before it began, because there has never been a successful fiat currency in all of history... Read More

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