A world running on fiat (without intrinsic value) currency is a world running on an empty gas tank. Every fiat currency ever created has collapsed, every single one! That’s not a very good gamble in anybodies books. Fiat currency is backed by nothing of value, hardly worth the paper it’s written on. But we all know that!
History shows us photos of children making castles out of worthless paper money, workers sweeping it into the gutter for collection. As history tends to repeat itself, (and it surely will) isn’t it worth a few hours of precious time to get some education on the greatest crisis of all? The World Currency Crisis!
After all, does it really matter if we have affordable health insurance, or $3.00 gas? The almighty United States Dollar was chosen as a Global Currency after WWII. It was backed 100% by the U.S. Gold Reserve.
Things have changed dramatically since those days. Nixon took the Gold Standard off the books and the U.S. dollar became a dollar based on confidence, not value, overnight.
Fast forward to 2013. The U.S. deficit is over 17 Trillion dollars. It’s just a matter of time when the almighty U.S. Dollar loses enough confidence and trust worldwide. We are on a tipping point of collapse, and nothing is being done to avoid this unpleasant situation.
What do you want in your wallet? Paper, plastic or Gold?