millercarbon ...
That was truly excellent. Thank you for posting it.
The term "dollar" is a term of measurement, not unlike the terms "pint" "quart" or "gallon." So, when we ask someone how much they want for a certain product, and the response is: "ten dollars," the retort should be: "ten 'dollars' of what?" Americans used to know that "ten 'dollars' of what?" ... meant ten "dollars" worth of either gold or silver.
The hidden secret is that with precious metals as a basis for money, it is impossible to build a welfare state.
In order to create an additional "dollar" under a metal system, another "dollar's" worth of metal must be dug out of the ground. That applies the worth of labor to the "dollar."
Under a fiat (paper) money system, the government can print at will to support all kinds of nefarious things ... like unending political wars for example.
The benefit of a fiat money system is that it empowers those in control at the present time. The ultimate price of a fiat money system is huge debts that must be paid by future generations. At the present time, the national debt stands at 23 trillion dollars, and the unfunded liabilities stand at over 200 trillion dollars.
Gold/silver is the currency of free men. Paper is the money of economic slaves.
Here's a good start for anyone interested in the subject:
https://www.amazon.com/Ron-Paul-Money-Book-Congressman/dp/B000M0R36M
Frank
