American money isn’t backed by silver or gold
Jackson? Tubman? It doesn’t matter. The new face [on the $20 bill] won’t change the fact that our money will still be a fiat currency, that is, money that is not backed by silver or gold. No fiat currency has ever been successful in history. A fiat currency makes it possible to have huge bailouts and run large deficits. Deficit spending creates a false economy that eventually collapses when the nation can no longer pay the interest on its deficit.
Wake up America and demand a real $20 bill backed by precious metals before our nation goes the way of the Weimar Republic.
Ken Sperka, Pomfret