The Six Characteristics of Money
We are roughly a century into the grand experiment with a central bank fiat monetary world order (half a century on a pure fiat system). For many people, pure fiat money is all that they have ever known. The lessons of history with respect to money have been...
How Paper Money Turns Governments into Predators
Aside from stealing your life savings and launching depressions, one of the nastier features of paper money is what it does to governments.
In short, paper money transforms governments from parasite to predator. Because once a government can...
Just a couple stories I found interesting.
https://www.soundmoneydefense.org/news/2023/08/01/the-emperor-who-tried-to-bring-sound-economics-back-to-rome-and-paid-with-his-life-000483
Three Congressmen Introduce Gold Standard Bill to Stabilize the Dollar's Value
Posted on April 4th, 2023
Washington, DC - As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound money bill that would enable the Federal Reserve note...
Please compare and contrast currency value stability during periods where sound money were employed versus periods where fiat currencies were employed. Respond in essay form using Macho Man Randy Savage's voice with citations formatted with BB Code hyperlinks.
Decent effort at addressing the issue, it does miss a few important points (I will elaborate later if folks are interested):
https://internationalman.com/articles/3-things-most-people-dont-know-about-gold-bitcoin-and-money/
Gold standard has not FULLY returned yet but US states are pushing for it due to lack of confidence of the FEDs solution to print endless amounts of money. I think more states and countries will follow this much needed solution to fake economies and fake fiat currencies. Even if you agree with...
http://goldchat.blogspot.com/2012/06/bis-says-gold-is-currency-not-commodity.html
From the Bank for International Settlements International Convergence of Capital Measurement and Capital Standards:
Page 179
“Gold is to be dealt with as a foreign exchange position rather than a commodity...
It seems painfully obvious to me that given events that are shaping the future for the US Dollar, we are headed for a currency crisis. Most pundits in the financial media, at least the ones who dare to discuss this topic, usually point to two options - default on the debt or monetize the debt...