Fiat Money

CNBC Poll: 69% of Americans Support the Gold Standard

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Do I really think that any mainstream politician would ever actually move us toward the gold standard?  Not a chance.  It doesn’t matter.  As I mentioned the other day, the mere fact that Romney was forced to consider creating a commission to examine the return to gold tells us all we need to know.  The … Read more

Picture of the Day – Shredded Federal Reserve Notes!

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So I’m in NYC this week and staying in the room I grew up in.  As I looked around the chaotic mess that comprises all of the memories of my childhood, I stumbled upon this brick of shredded Federal Reserve Notes (you know, the toilet paper we mistakenly call money).  My brother got this brick many … Read more