Dollar Rally? The Dollar And Our System Will Soon Collapse

Sunday, March 22, 2015
By Paul Martin

by Dave Kranzler
The Daily Coin
March 22, 2015

Most people are not aware of this, but the U.S. dollar has lost 97% of its value since 1913 – the year the Federal Reserve was established. That marked to Government’s unofficial systematic program of de-linking the dollar from gold and the beginning of the modern fiat currency era. U.S. dollar.

HOWEVER, the first dissection of the dollar from the gold standard actually occurred during Lincoln’s Presidency, when Lincoln signed the Legal Tender Act, which authorized the use of paper notes not backed by gold/silver (specie) to settle Government war debts. The Government ran low on gold/silver and the Act enabled the Government to print “greenbacks,” or legal tender notes not backed by specie in order to pay its bills.

And so it began. Lincoln was really the first modern fiat currency culprit, not Wilson or FDR or Nixon. Perhaps one of the best ways to illustrate the ability of a gold standard to stabilize the financial system is with a long term chart of the Dow/gold ratio (Source: sharelynx.com, edit is blue is mine) – click to enlarge:

The Rest…HERE

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