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News Link • Economy - Economics USA

Fix Economic Problems Not the Symptoms

• Free Patriot Presss
With the spot price of silver closing in on $25/ounce and gold nearing $1400/ounce and climbing, many people are thinking they should sell their metals. Instead, people should buy silver and gold, as the “price” will continue to climb because the value of the dollar continues to fall. Since 1913, the value of the dollar has fallen over 97% due to the inflationary policies of the Federal Reserve; the privately owned central bank with a government issued monopoly on the issuance of paper currency. I don't think anyone should be allowed to issue paper currency, much less have a government protected monopoly on such activity. Some people will dispute the fact that Federal Reserve policy has caused inflation (something the Fed admits). I had a conversation with someone a few days ago about the Fed, the person told me, “the Fed doesn't inflate the money supply, government spending does. And the reason things cost more isn't because of an increased money supply, but an increase in the mini

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