In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods.
And So, what we have taking place is the continued devaluation of the dollar, as it is being taken to absolute zero. With all the existing gold being accumulated by relative few, eventually, the powers that be will make it illegal to possess any gold (possibly silver, too) in any form whatsoever in the near future. And we are in the closing phase of the creation of an economy based purely on credit backed by the blood, sweat and tears of human labor. There may be another currency (the amero) to be used for a short period of time but it will eventually lead to a cashless exchange of electronic storage of 1 & Os to indicate credit available. And the labor that will receive proper credit will not be of one's own choosing but what is to be determined by the newly appointed corporate and banker elite (thanks to our Congress passing the bailout bill), headed by the Federal Reserve Board (of this country). Topped off by the declaration of an endless Martial Law to go with the endless war on terror. This is what the American/World economy is at present morphing into.
Means, a newly elected President will be no more than a figurehead President and the stings on his puppet body will be just more plain to see than before, to do the bidding of his board of corporate dictator puppet masters.
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