Silver vs. Fiat Currencies & The Debt Ceiling Delusion
According to GoldSilver.com article, Race to Debase 2000 – 2013 Q3 Fiat Currencies vs. Gold & Silver, fiat currency has lost on average of 78.16% of its value compared to silver.
If you had purchased silver in South Africa in 2000, it would be worth 563% more today. We can see also why the Vietnamese have been buying the precious metals as silver is worth 519% more today than it was in 2000.
The world is now in the last stages of the Fiat Monetary System. The debate on the U.S. Debt Ceiling is masquerading the fact that there is no solution or remedy except a grand collapse of the financial system.