Will Grigg?s Liberty Minute

April 3, 2008

Economists Bill Bonner and Addison Wiggin point out that when the Roman Empire fell in the early fifth century, the value of its currency had decreased by 99.98 percent.

Since creation of the Federal Reserve in 1913, the US dollar has lost 95 percent of its value.

What took Rome half a millennium -- the complete devaluation of its currency -- Washington has nearly accomplished in a little less than a century. It will be a miracle if the dollar survives this decade.
In fact, as Swedish trade analyst Rick Falkvinge notes, the US has been bankrupt since August 1971. The combined costs of the Vietnam War and the welfare state led foreign creditors to redeem dollars in gold. So Nixon took us off the gold standard.

Since then, our economy has depended on the willingness of foreign governments and central banks to cover our debts. This can?t, and won?t, continue much longer.

Let us take back the liberty wherewith Christ has made us free.