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Message:: [QUOTE="SwK, post: 2373529, member: 22309"]FIAT money - , is this the inevitable path toward becoming wall-paper money. President Franklin Roosevelt in 1933 signed an order stopping banks to make gold payments. Roosevelt a month later ordered all citizens to surrender their gold — no person could hold more than $100 in gold coins, except for collector’s coins. 38 years later in 1971 Nixon cut all links with the dollar and the gold standard? Inflation went crazy. 2016 America has today FIAT - paper money, from Roman days this is paper money with no backing has in the past led to the collapse of the currency. One would consider that the U.S. monetary and fiscal authorities would not be irresponsible and would have learned even from that of Weimar Germany. Maybe now in the end neither will be able to repay their IOU’s. The USA maybe could print 1 trillion dollar bills and hand them out, then what would happen? What is the growth of the $ yearly? This currency has been the leading indicator of a currency on the brink. So what’s in the future for the dollar? China has stopped buying U.S. Treasuries and instead is purchasing large quantities of gold, and people in Japan are buying gold. Perhaps Americans should too. The Chinese and Japanese characters for money and gold are the same. 金The $ has lost 95% of its value since 1914. Post the revaluation in 1934, the dollar dropped another 42%. Is this WRONG? Is the $ already on the way to wall-paper money? is this the inevitable path toward becoming wall paper money? Jeff[/QUOTE]

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