GOLDBUG: Gold preserves value

https://www.lewrockwell.com/2015/09/alasdair-macleod/is-gold-still-money/

Gold Remains Money
By Alasdair Macleod GoldMoney
September 19, 2015

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Government currencies come and go while human values endure. The adaptability of the human race will allow it to continue to use whatever is most convenient for day-to-day transactions. But the days of ordinary people in the welfare states blindly accepting fiat currencies as valid for storing the product of their labour, however temporary, are probably drawing to a close. The impossibility of our debt obligations, including the net present value of future welfare commitments, is catching up with us, and the requirement to debase these obligations is becoming paramount.

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There is NO way to preserve value but in gold.

Argh!

The FED is the essence of the King debasing the currency and stealing for the people.

The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

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