Competing Currencies

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