Greg Hunter
USA Watchdog
Last year, I wrote a piece called “We Don’t Have Honest Money.” It’s about how the Fed is debasing our currency. I wrote, “It is said, when empires fall, one of the first signs of decline is a debasement of the currency. Long before the Roman Empire fell, its leaders debased the currency. The debasement was small at first, but over time, precious metals were watered down and coin sizes shrank. For example, silver coins ended up having so little silver in them they became unpopular and shunned. A debased Roman currency brought, what else, inflation. Sound familiar?” (Click here for the complete post.)
Of course it does, because we are all witnessing first hand our declining currency at the gas pump and grocery store. There is talk around the globe of replacing the U.S. dollar as the reserve currency. What will replace it? SDR (Special Drawing Rights), the Bancor (proposed by the International Monetary Fund) or maybe a new dollar called the “Patriot.” Who knows? But no matter what the currency, gold and silver are probably going to play a big role. And why not, they have about a 5,000 year track record as money. Brandon Smith (aka Giordano Bruno) is back with a long, but well researched, post on gold and silver making a big comeback as money. Few in the mainstream media will even touch the subject of sound money. However, the topic is being forced into the light of day by a reckless Fed creating trillions of dollars out of thin air to bail out its friends. Smith’s website says he, “. . . is the head writer and co-founder of Neithercorp.us which specializes in alternative macroeconomic analysis as well as studies in mainstream media disinformation.” Bruno states his case for sound money very well. Enjoy the post.
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