Observations on the market action and the implications of the gold and silver markets.
Sunday, February 11, 2007
Hyperinflation
A million unit Hungarian government fiat token.
Back:
Front:
A 500,000,000 million unit Yugoslavian government fiat token:
The US Continental became worthless. The US Green Back became worthless.
We will have to wait to see if the current US government/Fed fiat token becomes worthless, or if they change its nature and tie it to gold with some ratio before it becomes worthless. Either way, the US is on its third fiat token. Either way, the US Dollar ** as we now know it** is close to its end.
Now, here **was** a real currency, not a token like the US Dollar currently is, redemable in gold, the actual metal.
"Payable To The Bearer On Demand"
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