1. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? Why leaders throughout our history have warned us and fought against the current type of financial system we have in America today.



2. Ronald Reagan vs Obama on Socialism.



3. Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today’s paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency.



4. Gold Standard vs Fiat vs Bitcoin – Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and government debt spiraling out of control – The US national debt, for example, currently stands at more than $20.5 trillion (as of 01/01/18). In response to this, some people have been calling for a return to the gold standard, a monetary system where the value of national currencies is directly linked to gold. This is different to the fiat money system currently in use the world over, where the value of national currencies is determined by governments. Other people, however, are suggesting that the cyrptocurrency Bitcoin could be the answer, with many asking if it’s the “new gold standard”.



Comment via Facebook