Will Paper Money Become Worthless?
Many recent predictions paint a picture of doom and gloom for the American dollar. Asia as an emerging economic powerhouse will negatively influence the value of the American dollar. In general paper money will become almost worthless and a new economic system will be put in place.
Putting your money in the bank does not give you a fair return on your dollar. The first problem is that your return on loaning your money to the bank is really pathetic. Unless you have a money market account with a return higher than three percent, the value of your money will constantly erode. Secondly, what most people do not realize is that the bank makes six to eight dollars for every one dollar in your account. Imagine that! Through the system of fractional reserve and centralized banking you finance the lifestyles of banking executives.
To protect your wealth the first thing you should do is stay away for incurring any debt that does not return a profit to you. Or at least maintains a return that equals the rate of inflation. One way to do this is through the purchase of silver assets in the form of coins or bullion. Silver coins are recognized regionally and internationally.
Wealth is represented by not work, but by control of the press. Creating money through the power of the printing press leads to socialism. Inheritance and work are the primary ways individuals acquire wealth. Governments acquire wealth through taxation. Governments also produce wealth by printing and regulating paper money. Owning precious metals such as silver coins and bullion reduces the dependence of fiat monies mandated by governments. What can be mandated in as an item of value can also be mandated out as an item of value.
Paper money will eventually become worthless. And it started with the elimination of silver on demand notes which have been replaced with government promises called dollar bills. Protect yourself, become aware of the financial market, and maintain your sovereign rights. Since the inception of the the Federal Reserve banking system in 1913 the value of the US dollar has declined and the national debt has risen.
At the end of World War One the national debt was nearly $27 billion dollars, at the end of the the Vietnam War the national debt was $533 billion dollars. Today the national debt is over $ 9 trillion dollars and rising. This debt accrues to every man, woman, and child in the US. So how does the central banking system and Federal Reserve manage this situation?. Simple. Together they perpetuate the same cycle of overprinting paper money which becomes more and more depressed in value.
The only way to rid yourself of the problem of paper money is to acquire real wealth. Buy as much silver and gold as you can afford. Silver and gold are universally recognized as wealth. The intrinsic value of silver and gold is established by the free market place. Not by government mandate. The economic forces that affect the American dollar are evolving. Now is the time to prepare for significant changes in our monetary system.