Fiat Money

Not enough is spoken about this subject. The simple fact is that Fiat Money is worth what the powers of government declare it is worth. Paper money circulated by a government needs to be based upon something in order to determine worth. Since our Congress sold our Sovereign right to print our own and since President F.D.R. abandoned the gold standard and pledged all personal assets of Americans to back Federal Reserve Notes they are worth what the Federal Reserve prints on the bill. However, in order to accommodate international transactions third world sheikdoms were cajoled into only selling oil on the world market in US Dollars. This satisfied a basic need of international commerce as the Dollar was pegged to crude oil prices so that international commerce could calculate value. That worked well enough until Marxists devised sufficient plans to export our manufacturing overseas, prevented the exploitation of our own natural resources and burdened the surviving sectors of our economy with massive rules, regulations and tribute. As international commerce realized that the Dollar was essentially worthless and as our elected representatives (demagogues) proceeded to spend us into oblivion the ugly fact emerged that our currency is worth less than face value, thus inflation and a sinking domestic economy. The purpose of this state of affairs is the destruction of Western Christian Civilization in order to facilitate the ushering in of a New World (Marxist) Order. So when your Dollar doesn’t buy what you think it should buy you need to register your complaint with the money magicians at the Federal Reserve. John Maynard Keynes, chief economic architect of our present fiat money system and father of our modern Keynesian American System stated, “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…if governments should refrain from regulation (emergency legislation) …the worthlessness of the money becomes apparent and the fraud upon the public can be concealed no longer.”  Finally, Thomas Jefferson had this to say on the subject, “If the American people ever allow the banks to control the issuance of their currency…the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.” Ladies and gentlemen prepare to become homeless.