What’s missing?
intrinsic value
The founders clearly understood that “money” had to be based on something of intrinsic value to avoid fraud in the monetary system.
They selected gold and silver coin and named it as such in our Constitution:
“No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts;“
We are currently living beyond our means as a society.
We are allowing desperate, destitute people to flood into our country.
We are exporting our jobs and manufacturing base to nations historically hostile to us and we have debased our currency and allowed criminal fraud to run rampant in our banking and financial systems.
At some point a certain inevitably will present itself clearly.
How long until this harbinger arrives and who will suffer the consequences?
“This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”
https://youtu.be/O6ayb02bwp0
http://www.usagold.com/publications/greenspan.pdf
An inquiry into the evils of a fluctuating medium of exchange…
A Caveat Against Injustice
http://www.rogershermansociety.org/caveat.htm
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
-Henry Ford
The few who can understand the system will be either so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests."
-Nathan Rothschild
“Fiat currency is an economic whip used to beat the working class”
-anonymous