While all we have heard from the biased goldbugs who insist that the US will go broke and the dollar will crumble to dust, that is the oldest theory from the 1970s that has NEVER been correct for it is rooted in the 17th century idea of money must be backed by a commodity. That has been behind so many analytical theories that are just without any credibility. That is repeated continually with no empirical evidence historically to prove that is remotely true.
The coinage throughout the centuries tells a completely different story proving even the Austrian School dead wrong, which they misunderstood the debasement of Henry VIII of which Sir…
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