It is generally accepted that fiat currencies always fail. In all of history they have and it's pretty clear nothing has changed. The USA adopted a fiat currency by Presidential decree in 1971. Who would have thought we would have let Richard Nixon make such an important decision and not question it...
Since 1913 we've had the Federal Reserve slowly devaluing the dollar, we've lost about 96% of it's value since. But it really got rolling in 1971. If you look at wages in anything other than paper... people's wages have dropped dramatically. Take gold,
Wages in terms of silver throughout time
Priced in gold
There is a simple solution... competition. Just as cell phones and smart phones have become the standard of communication allowing people to choose their own form of money could ease our society into a new era with little hardship. The truth about the Federal Reserve and the people behind it is becoming clear and as Americans it's time we apply what comes naturally... freedom.
Ron Paul proposing competition in currencies
How the IMF and World Bank really operate, their four step process to an economic take down of any country.
Some communities are printing their own currency
The concern I have with any currency tied to the dollar... is... it's tied to the dollar.
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