Ron Paul In “Why Gold & Silver?”
Ex-Congressman Ron Paul of Texas is the premier advocate for liberty in politics today. While in Congress, Dr. Paul was the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currencies.
Ron Paul in “Why Gold & Silver?” Movie
Privately owned central banks are creating currency out of thin air across the globe. “The one characteristic of a country that debases its currency, and goes to a paper currency – the currency always self destructs, it always ends.” – Ron Paul
While paper currency doesn’t typically become worthless overnight, there are scenarios where its value can significantly diminish. Here are a few factors that could contribute to this:
Hyperinflation
Hyperinflation occurs when prices increase rapidly as a currency loses its purchasing power. In extreme cases, this can lead to a situation where the currency becomes nearly worthless. Historical examples include the hyperinflation in Zimbabwe in the late 2000s and Germany’s Weimar Republic in the 1920s.
Economic Collapse
A severe economic collapse can erode confidence in a country’s currency. If people lose faith in the stability of their economy and government, they might turn to alternative forms of money, such as precious metals, foreign currencies, or even bartering.
Currency Depreciation
Consistent depreciation of a currency can also reduce its value over time. This can happen due to factors like high inflation, large fiscal deficits, or political instability. While the currency may not become entirely worthless, its reduced value can impact savings and purchasing power. Does that sound familiar?
Government Policies
Certain government actions, like excessive money printing or poor fiscal management, can undermine a currency’s value. Effective monetary policy is crucial for maintaining the confidence and value of a nation’s currency.
In normal circumstances, central banks and governments work to maintain the stability and value of their currency. However, diversifying your investments, including holding assets like silver and gold, can help protect against the risks associated with paper currency devaluation.
The Fed is private. Their anonymous shareholders are busy counting their dividends as they print the world economy into oblivion. “It’s the biggest scam that has ever been perpetrated, it’s amazing that we’ve gone along with this for close to 100 years.” – Mike Maloney
Now is the time to get educated. Your liberty is at stake.
