I find it ironic that the USA tottering on the precipice of economic destruction itself (real unemployment between 17% & 20% puts us into a Depression) and only the propaganda and the printing press keeping it from being easily seen by the populace at large.

Fiat money allows the connexion between the paper money and its actual backing of what gives it material wealth disappear. Then you get inflation and/or deflation like in Zimbabwe now or Weimar Germany in the 1920’s-1930’s. Right now the threat of deflation is breathing hotly on hour heels.

5

**************

Surely anyone should know, except those addicted to msm BS
and lies, that since the ‘big boys’, confiscated the gold and other
‘precious’ metals that used to back this fiat money, or until when
it was ‘DECREED’ that paper with pretty pictures on it was ‘LEGAL
TENDER’, that just about made most every economy worthless.

Not, I rather think, that having something like gold ‘back’
printed paper would set certain restrictions on value and
interest might be good, but this won’t happen because the ‘big
boys’ decided instead of something of real value for the people
to use, would not lend itself to proper control of economics,
where money printed on paper does just the right trick by
making economies based on DEBT.

This allows such unscrupulous operations we see coming out of
the federal reserve, wall street and corporations who all seem to
have the facade of knowledge and being able to dictate the
program because those places are point sources for the ‘big
boys’ to do their dirty work.

How to get out from under such criminally inane tricks would
require nothing less than the people going after these big boys
and create economies based on truth, value and the ability to
SAVE that has little or nothing to do with the current idea of
‘investors’ who just lob around huge numbers and thrill at their
economic indicator, the stock exchanges.

And as I have said before, due to the number of people in the
world and the insidious role MONEY plays in an economic
system of GREED, it was obvious that the criminal mind would
eventually think out the ways to hoard the wealth. And
government and religions have played parts in this as well.

All fiat currencies eventually crash. Say goodnight, Gracie.

http://www.zerohedge.com/article/eurusd-breaks-13000-bis-steps-prevent-rout

http://www.bis.org/about/history.htm