Tag Archives: Gold Standard

The “Full Faith and Credit of the United States of America” … Is Nothing But Politicians’ Promises!

Back around 1971, the last vestiges of the Gold Standard disappeared; international payments were made like yours and mine, from fiat money. Our Federal Reserve Notes are prominently backed by the “Full faith and credit of the United States of … Continue reading

Posted in Banks, Debt, Fiscal/Financial Responsibility, Overspending | Tagged , , , | 2 Comments