The only proper use for paper in the room of money is to write promissory notes and obligations of payment in specie upon. A piece of paper, thus written and signed, is worth the sum it is given for, if the person who gives it is able to pay it, because in this case the law will oblige him. But if he is worth nothing, the paper note is worth nothing. The value, therefore, of such a note is not in the note itself, for that is but paper and promise, but in the man who is obliged to redeem it with gold or silver.
Right now there are $600 trillion in credits in the United States. More than the value of the entire world.
Down with Fiat Currency.
Death to Economists.
(Yes, I realize this is not just an American problem, but the title is catchy.)
Our economies are worth nothing.
The only truly valuable items are fossil fuels and machine guns. By taxing fossil fuels, all that Americans can hope for is machine guns. When they take that away from you, you will be a worthless nation. Lest we forget.