In 1914 the governments of Europe, including England and her vast empire, abandoned the use of gold. The bank notes which had represented real money, became, overnight, representatives of nothing except public trust in the integrity of politicians and bankers. In 1933, the US joined this mass experiment. Unconstrained by gold, governments around the world began to borrow and print. Today the debts run up by all governments are so huge that they can never be repaid. The system of paper money, un-backed by gold, is broke and broken. The latest experiment in token money has, like all preceding ones, failed.
Despite all evidence to the contrary, public trust in the integrity of politicians and bankers, while in decline, remains widespread. When that collapses (along with the debts), then so will paper money. It will be an unprecedented catastrophe.
An attempt to head off this ultimate collapse must be made. Central planning has no part to play in avoiding the mess which it itself has brought about. The only solution is a free market – not just in goods and services – but, and more importantly, in money and credit.
Central planning (socialism) has been stripped bare of its finery and exposed as a degenerate philosophy. In just one hundred years it has brought ruin to the working people and entrepreneurs of the world. Businesses, jobs and prosperity will not return until gold returns.
It’s time; time to restore the freedom for people to transact in an honest money uncontaminated by government control. Only a free and honest money can guarantee all our other rights.