Monday, September 7, 2015

Paper based financial system losing its sole primary foundation… confidence

When America removed its currency from the gold standard back in 1971, the dollar become backed by a single concept… the full faith and credit of the United States.  And with the entire fiat paper financial system tied to this singular foundation of confidence by the people, and in the government, all that was necessary for the greatest empire in history to fail was for the world to lose confidence in that belief.
And now 44 years later, faith in not only the dollar but also in the United States is cracking, and accelerating towards a meltdown that will soon end dollar hegemony within the global financial system.  And because of this, the elite are left with few options available them to be able to hold onto their confiscated power.  And perhaps the most ironic and convoluted of their schemes is to accelerate the end of that confidence and eliminate the dollar in physical form all together.


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