Our chart of the week is the last stop on the world currency tour. One might say, "The buck stops here." We'll say, "The BS ends here."
You see, many Americans complain about excessive war and welfare spending. But maybe 1 in 1,000 complainers stop to think about the dishonest system that enables it all – the system that allows politicians of all stripes to promise the world to ignorant voters, spend far more than we earn as a country, and devalue the savings of millions of hardworking people.
This system is paper money for which there is no gold backing. It is a system America's Founding Fathers made loud warnings against. Every instance of its use has resulted in plunder on a massive scale. A paper money system with zero gold backing allows governments to print more money to pay for every harebrained scheme imaginable… which silently dilutes the value of the money you save.
This system has caused a major devaluation in the U.S. dollar since 2002… and it's ripping apart the Euro Union as you read this. The antidote for this BS is the best form of real money humans have ever found – gold. We'll say it for the thousandth time, gold is no investment: It is money. As the dishonest system unravels… as Obama & Co promise a few more free lunches each month… gold ticks higher. It has done so for nine straight years. Below is this uptrend. It's our last stop… and it's going to continue.
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