"For the power to create money is a heady and profitable privilege indeed."

Inflationary Fiat Paper

http://mises.org/fullstory.asp?control=1503

"For nearly a half-century the United States and the rest of the world have experienced an unprecedented continuous and severe inflation. It has dawned on an increasing number of economists that the fact that over the same half-century the world has been on an equally unprecedented fiat paper standard is no mere coincidence. Never have the world's moneys been so long cut off from their metallic roots. During the century of the gold standard from the end of the Napoleonic wars until World War I, on the other hand, prices generally fell year after year, except for such brief wartime interludes as the Civil War.[1] During wartime, the central governments engaged in massive expansion of the money supply to finance the war effort. In peacetime, on the other hand, monetary expansion was small compared to the outpouring of goods and services attendant upon rapid industrial and economic development. Prices, therefore, were normally allowed to fall. The enormous expenditures of World War I forced all the warring governments to go off the gold standard,[2] and unwillingness to return to a genuine gold standard eventually led to a radical shift to fiat paper money during the financial crisis of 1931-33.

It is my contention that there should be no mystery about the unusual chronic inflation plaguing the world since the 1930s. The dollar is the American currency unit (and the pound sterling, the franc, the mark, and the like, are equivalent national currency units), and since 1933, there have been no effective restrictions on the issue of these currencies by the various nation-states. In effect, each nation-state, since 1933, and especially since the end of all gold redemption in 1971, has had the unlimited right and power to create paper currency which will be legal tender in its own geographic area. It is my contention that if any person or organization ever obtains the monopoly right to create money, that person or organization will tend to use this right to the hilt. The reason is simple: Anyone or any group empowered to manufacture money virtually out of thin air will tend to exercise that right, and with considerable enthusiasm. For the power to create money is a heady and profitable privilege indeed."
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On April April 7th, the price for once ounce of gold was $422.00USD, currently it is $391.50. On April 29th, it was $382.75.

On April April 5th, the price for once ounce of silver was $8.20USD, currently it is $6.02. On April 29th, it was $5.57.

Most of you are saying: "SO WHAT!" And I say your WRONG!

Take some time and dig into links that are provided here, and then GOOGLE for how much actual GOLD & SILVER there is.

Then, take a real hard look the debt clock, and how the system is rigged.

Go ahead, pull out that fiat dollar and say, "SO WHAT!"

--WP