How astonishing to see that some economic pundits are actually acknowledging the fact that our paper money used to be convertible to gold and silver. This interview of Ron Paul is even more amazing because it ends with an overt recognition that the current Federal Reserve System is unconstitutional.
The collapse of paper money backed by nothing is inevitable. Does it have to end in chaos and calamity? Not really. But only if we end the legal tender laws that mandate economic interaction with private fiat money subject to unchecked inflation.
Support HR 2755.