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7.13.2010

Silver As Money ?

It's Time for Re-Evaluation
 I must agree that money is the most important subject intelligent persons can investigate and reflect upon. Our civilization stands at a very important point. Many are looking at the leadership in America not only on the political front, but also on the corporate level. Scandals are daily news, the dollar has come under attack, and "money" has disappeared from many investor portfolios. As important as money is to the lifeblood of a modern society, it appears to me that something more important has been lost. Integrity and honesty are in extremely short supply today. As I have stated before, when you can lie about money, you can lie about anything.
All of monetary history teaches us that a dishonest money system leads to the very problems we are witnessing today, yet we fail to look at the root cause. The root cause is accepting anything other than gold and/or silver as money. Plain and simple. The history of money teaches us that civilizations fail for this lack of knowledge. The Roman Empire fell as a result of debasement of the money supply. Marie Antoinette lost her head because of debasement. Following a paper money failure, Napoleon came to power and immediately installed a metal standard. In the last century, Hitler came to power after the paper money debacle in Germany.
It is time to be honest with yourself. Is the crumbling financial system due to improper accounting methods? Greed? Lies? Perhaps the unit of account itself is at fault. Is a dollar really a dollar? What we consider to be money, is it really money? This begs the question, if the basic unit of account is merely a fiction, is not the entire structure unstable?
Is your monetary future based on facts, mere faith – or total fiction?