I was perusing the web and came across an article on Daily Silver News were Larry Gold completely laid it to a lying piece of crap main stream media author who claimed that the US could continue to live the lie of the Fiat currency system forever without consequences. If this doesn’t make it to the hall of fame, I don’t know what will…
The article I’m referring to is here:
http://www.dailysilvernews.com/really-forbes-the-us-can-continue-the-fiat-currency-lie-forever/1767/
If there’s one article of faith in Washington (and elsewhere), it’s the idea that the United States might get into a debt crisis if it doesn’t get its fiscal house in order.—-This is not true.—-The reason why it’s not true is because we live in a fiat currency system, where the United States government can create an infinite number of dollars at no cost to meet its obligations. A Treasury bill is a promise that the government will give you US dollars–something that the United States government can produce infinitely and at no cost. http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/ PLEASE. At no cost? There is a cost alright. To everyone who is payed in that WORTHLESS PAPER.
Hyperinflation is the cost.