« Return to Thread: Fiat Currency, Gold and the Looming Economic Collapse

Fiat Currency, Gold and the Looming Economic Collapse

by delamaq :: Rate this Message:

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http://www.chatterlounge.com

“Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless” –Ludwig von Mises

Since gold was first used as currency in 5000 B.C. it has been a symbol of wealth and power. Throughout human history gold has been one of the most sought after precious metals maintaining a wealth of value. Prior to the 1900s almost all countries based their economies on the stable and firm metal. Only within the last 100-150 years has the people been forced to move away from gold accepting worthless fiat currency in its place. Every country on earth that has ever left the gold standard has always ended up in an economic crisis or collapse. read more at http://www.chatterlounge.com

 « Return to Thread: Fiat Currency, Gold and the Looming Economic Collapse