The title of this post might sound like hyperbole, but it isn't. In 1971 America ceased to exchange Federal Reserve Notes for gold to foreign governments at the rate of $35 per troy ounce. The world of total fiat money was born. In the following podcast, Ron Paul explains why this era is drawing to a close.
www.lewrockwell.com/podcast/?p=episode&name=2009-01-27_093_the_biggest_bubble_in_the_history_of_the_world.mp3
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