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Jim Schout's avatar

One thing happened just months ago that seems to have been missed. To me, it is the key to all of this. It is actually a very clear vision into how fiat currency has worked to destroy value.

No one is alive today who understood the beginning of our collapse. But, today we can see it clearly if we merely open our eyes and look at history that has evolved ever so slowly with devastating results.

In 1932 if you took a twenty dollar bill to the bank you could receive a $20 Gold coin. But, in 1933 FDR made that impossible by outlawing the ownership of Gold coins. That is well documented history. Every Saturday afternoon that story is broadcast to sell uncirculated $20 Gold coins from before 1933. They are very valuable today and collectors pay a premium for the rarity.

That act in 1933 actually began our separation of valuation from value. By 1965 the next step was implemented. This time the public never complained. The government just substituted clad coins and stopped minting Silver. That was a second step in removing real value from our possession.

And, this year it is Copper. Again, we are losing the final valuable metal that actually represented real value to our currency since 1776. But, who cares?

Do you see the problem? This is not a quick and dirty process. This has been very slow and very deliberate. It has been perpetrated by the Federal Reserve in Kahoots with the Congress and the Executive branch. The FED is the credit card for the Congress and merely prints more dollars to pay for over spending.

We the People have been suckered big time. We have been persuaded that inflation is a good thing if it is under 2% annually. But, it isn’t! If we do the math, it has averaged about 3% and Gold proves it. $20 in 1932 now costs $3450! That is what inflation has done for us.

The solution is to stop going into debt with borrowed money. If we back our dollars with Gold, Silver, and other things of value, we can go back to the prosperity that America enjoyed before 1913 and the invention of the FED and the income tax.

This is where Trump is headed and I love it! Everything else is just a diversion.

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