In truth, there is no “alternative” reserve currency to the US Dollar. For almost 40 years, there has been no circulating currency in the world worthy of the name because ALL are paper and ALL are backed by nothing more than the future promises of governments to make good on their debts.. That simply isn’t going to happen. It never has in past history. And for most of past history, currencies were either gold itself or paper that was lawfully redeemable in Gold. - Bill Buckler…Gold This Week…Saturday, June 4, 2011
It’s taken almost two centuries for bankers to pull the wool over Americans’ eyes, but today you and I are working for intrinsically worthless paper that can be created by bureaucrats-created without sweat, without creative ability, without work, without anything but a decision by the Federal Reserve. This is the disease at the base of today’s monetary system. And like a cancer, it will spread until the system ultimately falls apart. This is the tragedy of the great lie. The great lie is that fiat paper represents a store of value, money of lasting wealth.” - Richard Russell
