Before the United States ran aground on the dangerous reefs of State interventionism and centralism, the dollar was not only a sign of stability but also a symbol of human freedom. A dollar was a means to express your wants and commands to the business class. The consumer, for the most part, was sovereign. Any American could save, consume, and invest his money whose value was not debauched by a government in the lack of resources. To this day, and despite the evils of inflationism and central banking, the dollar remains an instrument of freedom and independence for many Americans. There are those, however, who would like to change that. They are the Wall Street financiers, politicians, anointed intellectuals, and central bankers for whom a centralized control of the money supply is not enough. To them, not only the supply of money but also the free and innocent use of money should be strictly limited and regulated by the State. Their new enemy is the banknote and their new war is the war on cash.
Why are the most advertised Gold and Silver coins NOT the best way to invest?
It is said of Heraclitus that he wrote that “no man ever steps in the same river twice, for it is not the same river and he is not the same man.” The river has changed indeed and so has changed the war on cash. It is an irony of American history that in the 1830s and 1840s, the war on cash meant something totally different than today. In the middle of the 19th century, the circulation of banknotes was synonymous with the excesses of fractional reserve banking and the debasement of the currency. At the time, the war on cash was a war for sound money.
The Curse Of Paper-mon…
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Because banks were emitting banknotes unbacked by gold, the…