Monday, December 31, 2007

Ron Paul: The End of an Empire



Our dollar is worth $0.04 today compared to what it was worth in 1913 when the Federal Reserve took over. Our spending has been out of control with the Warfare and Welfare State (aka Guns and Butter). We have been making money out of thin air which debases the currency. Now other countries are running away from the dollar. Peoples savings and assets are being wiped out due to inflation. We need to put an end to fiat (paper) currency, and replace it with true sound money backed by a hard asset such as gold or silver.

To see for yourself the effect of inflation since 1913, use the inflation calculator on bls.gov

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