End is nigh; bet you a buckSubmitted by legalizeliberty on Sat, 11/24/2012 - 15:11
by Dave Kraft
You simply must see U.S. Rep. Ron Paul's farewell address to the people, a farewell from the high priest of freedom and liberty, and tyranny's most feared enemy. It is incomprehensible to me how Paul's message was suppressed to the point that we have four more years of pedal-to-metal, straight-lining to the financial cliff.
I once pulled out a $100 Federal Reserve bank note and laid it down on the bar next to a $1 bill. I asked the good ol' boy next to me why one was more valuable than the other. All he could tell me was "because it is.” But my question had a deep impact on the bubba. I thought he was going to blow a head gasket thinking about it. He got visibly angry when it finally hit him that there was no difference except for the picture printed on it. The revelation hit him so hard that he got up and walked away, leaving left his beer half-finished. Bubbas are not known for wasting beer.
But our money was not always nearly worthless.
Once upon a time, the paper note was nothing more than a receipt for the actual money — gold or silver. A $100 bill was redeemable for 100 times the gold of a single note. Now it's redeemable for nothing. That makes it worthless paper.