MONEY: Competing currency is an inflation hedge

http://www.connectmidmichigan.com/news/story.aspx?id=481793

Competing currency being accepted across Mid-Michigan
by Dan Armstrong
Posted: 07.12.2010 at 8:13 PM

*** begin quote ***

Jeff Kotchounian says he’s used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station. While the government and banks don’t accept them, many others do. So why is there interest in these competing currencies?

*** end quote ***

Pretty simple.

INFLATION!

The Federal Reserve Bank is going to enable the politicians and bureaucrats to inflate their way out of the debt.

Of course, those on fixed income, the poor, and anyone with savings in dollars will be totally screwed.

A silver round may make the difference between eating and not.

# # # # #

Comments are closed.

Follow

Get every new post delivered to your Inbox.

Join 1,054 other followers

%d bloggers like this: