https://www.goldback.com/spend-gold-freely-again-did-we-fix-money/
Spend Gold Freely Again: Did We Fix Money?
Written by Kim Coleman, Director of Strategic Relations
*** begin quote ***
Goldback is making it possible to spend gold freely again. In this short series, we will examine how gold freedom was lost, what the Constitution authorizes and prohibits regarding gold freedom, and what steps can be taken, with your help, to make it possible to spend gold freely again.
“Specie [gold and silver coin] is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.”
Thomas Jefferson
The State of Money Today
Despite their best warnings, it wasn’t long before paper became the predominant currency. There is almost nothing left resembling the intent to base the nation’s monetary system on gold and silver. In fact, the government rejected it entirely when it seized private gold in 1933, ended redemption of Federal Reserve Notes for physical gold in 1934, and removed the U.S. dollar from the gold standard in 1971. This resulted in a full fiat currency system that has suffered the same issues our Founders described.
We see it. We feel it everyday. The green piece of paper we hold in our hands purchases much less than it did even five years ago—25% less!1 Americans are losing their purchasing power and hopes for future prosperity. But there are options to regain that power, and Goldbacks can play a key role in that.
*** end quote ***
Fiat Money — paper — allows the Gooferment to spend without restraint.
“Inflation is always and everywhere a monetary phenomenon” — Milton Friedman
“Inflation is theft, you’re stealing value from people who save money.”-Ron Paul
We don’t need ANYONE setting interest rates. Least of all the FED!
(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.)
Time to heed the wisdom of the Dead Old White Guys!
— 30 —
Posted by reinkefj 
Reinke Faces Life 