Rethinking of Value and what Real Money is.
The United States Dollar is the world reserve currency, medium of exchange, and for all intents and purposes, the world’s money. However it is not sound money, it is manipulated, devalued, and ultimately is nothing more than a piece of paper that represents debt. The U.S. Dollar originally became the world reserve currency because of its tie to gold, however in 1971 under President Nixon, the dollar’s last tie to gold was severed.
Since then we have seen a loss of purchasing power due to inflation. In 1971 it took 36 cents for a gallon of regular gasoline, 53 cents for a dozen eggs, and $1.18 for a gallon of milk. It is important to understand that the dollar has no inherent value, it is just a medium of exchange in order to get the goods and services you want, so in order for this much destruction to happen to a medium of exchange, you have to realize that it is not the goods and services that are rising, but the value of the dollar that is falling.