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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Here is an article explaining why when the currency is not backed by gold, thieves become national heroes and why inevitably this leads to complete collapse of the national economy and leads to the extrme polarization of the society

Posted on | November 30, 2013 | 2 Comments

Tyler Durden's picture

Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference

Submitted by Tyler Durden on 11/29/2013 – 18:12

You’ve probably read many articles about money – what it is (store of value and means of exchange) and its many variations (metal, paper, etc.). But perhaps the most important distinction to be made in our era is between metallic money and credit money. As the following 16 reasons make very clear, it is no exaggeration to say that the transition from gold money to credit money changes everything. The key distinction of all these important differences is the ephemeral nature of credit-money (and any form of fiat currency). History teaches us that a financial-political crisis of sufficient magnitude reveals the underlying value of credit-money – i.e. zero – in a brief but cataclysmic loss of faith/trust.

Category: Uncategorized

Comments

2 Responses to “Here is an article explaining why when the currency is not backed by gold, thieves become national heroes and why inevitably this leads to complete collapse of the national economy and leads to the extrme polarization of the society”

  1. Bud
    November 30th, 2013 @ 11:43 am

    Unprepared? https://thecommonsenseshow.com/2013/11/30/what-will-the-coming-civil-unrest-look-like/

  2. Pat1
    November 30th, 2013 @ 1:19 pm

    https://www.redflagnews.com/headlines/no-gold-for-you-germany-asks-us-fed-reserve-for-its-gold-and-told-to-go-pound-sand-video#sthash.Xv7JYidD.dpbs

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