Honest Currencies Last; Fake Currencies Fail

30 Jul

Honest Currencies Last; Fake Currencies Fail

This is an excerpt from Jim Clark’s important book REAL MONEY FOR FREE PEOPLE

This selection is especially relevant for these times, with recent bank failures and ongoing solvency concerns.

Because the book describes the entire American gold story in a clear and easy-to-understand way, and because it is information you need for the challenging times coming our way, we want you to have a copy absolutely free!

Just stop by Republic Monetary Exchange and let us give you a copy of REAL MONEY FOR FREE PEOPLE.

No cost.  No obligation.

Gold and silver are the only monetary assets that are not someone else’s liability. They are not dependent on someone else’s solvency, promises to perform, or honesty. Their value does not depend on the endorsement, propriety, or honesty of any State or institution. They have no counterparty risk, no risk of rule changes, nonpayment, default, or bankruptcy by individuals, companies, financial exchanges, institutions, and banks—quite apart from being insulated from the risks of the Fed’s fiat dollar as well. 

It is a wonderful thing for people’s promises to be reliable, and for institutions to be vigorous fiduciaries of their client’s interests. The modern world with all its miracles is built on the assurance that people will meet their obligations, fulfill their contracts, and respect others’ property…. 

When this environment of trust begins to fray, sophisticated civilization itself is at risk. 

Now, with the elimination of gold from our monetary system at the hands of Franklin Roosevelt and Richard Nixon, along with the abandonment of silver, the US dollar has remained unmoored, unanchored, and untied to anything real ever since. Unlike fiat currencies that have gone before, the dollar is the ultimate fiat currency. It is global in scope because it is the world’s reserve currency. At the same time, the United States is the biggest debtor in history….

By now you should have realized that central banks and fiat money are managed for the greater glory of the State and for the special advantage of the State’s cronies, and not for the benefit of the people. Inflation is the means by which the State enriches itself by subterfuge, quietly eroding the purchasing power of the currency for its own benefit. And while inflation itself is actually the State’s increase of the supply of money and credit, it is the effects of that increase—higher prices because of the currency’s failing purchasing power—that people call inflation.

The destruction of a currency’s purchasing power is evidence of the currency system’s failure. 

Today we do not have real money, a redeemable currency that is actually backed by gold and silver, a monetary system that could have served as a bulwark against the usurpations of the State. And after several generations of being under assault by the State on every front, it is safe to say that the light of liberty has dimmed and that the fires of freedom do not appear to burn brightly in the hearts of many of the American people. 

And so, the monetary system of fraudulent, legalized counterfeiting has now been allowed to reach its logical extreme and will now collapse of its unrestrained excesses and deceit.

To some, it may appear melodramatic to announce that we are at a monetary endgame. But it is clear-eyed realism that follows from the historical precedents. And from the hard accounting.

To learn more, speak with one of the Republic Monetary Exchange’s gold and silver professionals.  Get all of your questions about precious metals answered, and learn how to protect yourself, your family, and your retirement with real money, money of enduring value that can’t simply be printed.

Stop by Republic Monetary Exchange and let us give you a copy of REAL MONEY FOR FREE PEOPLE!