Silver Coins: Currency debasement continues

Silver Bullion, 20 February 2012

The legalized evil of currency debasement, the fuel of the “paper gimmick”, has received an additional boost after the honorable U.S. President, Barack Obama, recently authorized the U.S. Mint to use even more inferior metals in the manufacturing or minting of coins.

Yes, even the cost of an inferior metal such as nickel, used in modern coins, has sky rocketed with over 500% in the last decade. How can this however justify the further debasement of currency and in this case coins? In fact, it is evidence of the ongoing debasement of currency and the extent to which they’ve diluted (or stolen!) your money’s worth. The excuse they have this time around is to be able to “…save money and reduce the $15+ trillion deficit” (Obama Aims to Cheapen U.S. Currency, Literally, Wealth Wire, Brittany Stepniak, 14 February 2012). Bulldust! It is after all no secret that there is no way in hell the U.S. will be able to meet its debt obligations without monetizing the debt, which means they will have to continue to print or create more and more fiat currencies (non-redeemable paper notes, fiat paper money, electronic money, the Devil’s money, toilet paper money, trash) in order to meet their debt obligations (if they choose to meet it). It is after all no secret that they’ve made secret bailouts to the tune of $16.1 trillion in the period made between the 1 December 2007 and 21 July 2010, which was exposed by a limited audit done by the U.S. Government Accountability Office (GAO). Yes, secret bailouts to the tune of $16.1 trillion, exposed by a limited audit. However, no matter whether they choose to default or to meet their debt obligations, the fiat U.S. Dollar, or rather Federal Reserve Note, is toast and they know it. They’ve made sure of the U.S. Dollar’s destruction, which has about 5% of its original value left at this stage, and are working hard behind the scenes to introduce a new one world currency, which is expected to be a fiat currency dressed up in the disguise of being backed by gold and silver. Needless to say, if a currency or money doesn’t physically consist of precious metals such as gold and silver (and to a lesser extent copper and other metals), then the door is left wide open for a continuation of the “paper gimmick” and all the evils it entertains. The history of fiat money has proven this beyond a reasonable fact. They also know that precious metals, especially in the form of gold and silver coins (honest money), are among the few assets that are still freely available, which provide real protection against their shenanigans and the ongoing collapse of the world’s fiat currencies, led by the de facto world reserve currency, the Federal Reserve Note. This is why, firstly, they continue to manipulate gold and silver prices downward via the creation of almost endless mountains of paper (or electronic digits for that matter), secondly, start more and more wars based on dubious or false reasons, and thirdly, continue to print or create additional fiat currencies, further destroying the limited purchasing power fiat currencies have left today. One would expect that they would cut us some slack, especially considering the serious coin currency debasements (blatant thievery) of the past, but no, they have to steal the remaining worth of the real monetary assets that are still held by the majority of people under the disguise of wanting to reduce a $15+ trillion deficit, which in reality is much-much higher.

Thus, given the above, one either believe that they are truly trying to reduce the mentioned deficit and do absolutely nothing to protect one’s monetary worth via gold and silver ownership OR one takes a stand and switches to honest money as far as possible, especially in the form of gold and silver coins. In fact, it is after all no secret that the bulk of the claimed $15+ trillion deficit consists of nothing but paper claims, fuelled by counterfeit money (or Monopoly board game money for that matter). They’ve build a world consisting of fake debt, a world in which they are trying to enslave all of us, while continuing to steal a great portion of our productive efforts, while sitting idle by the fire place. The practice of creating an almost unrestricted number of fiat or debt-based paper claims on production in the real world must be stopped. We must get to the point where we refuse to accept debt instruments (non-redeemable paper notes, fiat paper money, electronic money, the Devil’s money, fiat currencies, toilet paper money, trash) as compensation for our real world efforts. The opportunity to fully reject the fiat trash will arise when the existing and prevailing fiat currencies in the world today, completely and utterly collapse. When the ultimate collapse comes, estimated to be any time between now and 2016, we will have the opportunity to fully embrace honest money and to reject all forms of counterfeit money OR to continue to embrace legalized and institutionalized counterfeit money (or theft for that matter!), continuing to be nothing more than mere sheep that are being led to the slaughter.