March 16, 2010 Reading Time: < 1 minute

“Our gold standard money didn’t fail us in 1913; it was murdered.

Did it deserve to die? What was its crime?

It had provided us with nothing less than relative peace and prosperity over a span of 136 years. It had not only retained one hundred percent of its value, it had gained eleven percent. That’s right. The dollar we started with in 1776 bought us eleven percent more after almost seven generations. Then, J.P. Morgan’s creatures picked a quiet 23rd of December in 1913 to suffocate our sound money system. Since that manslaughter, the purchasing power of a dollar has plummeted over 95%. We now pay twenty times more than J.P. Morgan did for any item.” Read more.

“Sound Money: The Impossible Dream?”
Floy Lilley
Via LewRockwell.com, August 20, 2009.

Tom Duncan

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