they have been saying this for my whole life. is it really going to happen?
Here is a clip of Luke Gromen
Interesting, but frightening 🤢😵!
Yeah, we will see what happens.
Ever read “When Money Dies"? It's a great book, albeit depressing, that tells the true stories of the actual hardships that befell hapless citizens of countries when their “fiat" currencies ceased to function, thanks to the issuers, typically governments that became illegitimate, paid their bills by issuing more and more of their phony currency.
Phony money inverts the scales of justice. It rewards the politically-connected wealthy elites, who receive the newly-created “money" first, when it can be spent (by them) at its full, undiluted value … at the expense of everyone else, who, by the time the new “money" trickles down to them, discover how little it buys.
Of course, our bishops remain silent regarding this intentional economic debauchery.
They were silent in August of 1971, when, in overt violation of Article 1, Section 10 of the U.S. Constitution, President Richard Nixon reneged on the Treasury's obligation to redeem dollars for gold, overnight making the USD fiat – i.e. phony – money.
No fiat currency has ever survived more than ~70 years. It always ends badly: wars, shortages, famines, capital destruction, … tyranny.
Thank you, Mr. Bill, for a summary of "When Money Dies." The comment adds a lot to the post, which was brief. I am out of my expertise...if I have one. Francis is the most political of the recent popes, and I wish someone would regulate his mouth. His call for a meeting about Ukraine is ridiculous as are other comments. He has no experience in such matters. I wonder who informs him or writes his junk. Bob