The 64 Trillion Dollar Question

What is the fate of money going forward? For the purposes of this post, let's define money as that device or product which has the status of legal tender. Federal Reserve Notes and Treasury minted coins are that device, and, where cash money is concerned, only they act as the legal medium of exchange inside The United States, in lieu of barter, to acquire food, fuel, clothing, and other daily necessities. Suffice it to say, that the most visible and tangible product of The Federal Reserve Banking System, namely those highly watermarked green pieces of paper in your wallet emblazoned with esoteric symbols of Freemasonry and various Presidents and other luminaries from the early days of The Republic, are the signature product of a franchise operation.

But for how much longer will the Federal Reserve Bank's signature franchise product be employed by the populace? We might do just as well to ask how much longer will the signature product, and the electronic entries made by banks across the world connected, however tenuously, to that signature franchise product, retain any purchasing power? After all, since its inception in 1913, the creature from Jekyll Island, aka The Federal Reserve Bank, has seen its "notes" lose ninety four percent of their purchasing power, so that now, irrespective of supply and demand dynamics, it takes approximately a dollar to buy what once took a nickel.

I will spare you a recounting of the history of money in the U.S. since The Fed acquired its franchise, except to say that there is a decent brief primer on it in this report. In the meantime, consider the relative purchasing power of gold versus Federal Reserve Notes, and consider the status of finances in the U.S., and for that matter, the state of finances across the globe, and then, as it may be a matter of the utmost importance to your future, financial and otherwise, ask yourself the following 64 trillion dollar question: Is there any reason to expect the long standing trend of franchise money (where the purchasing power of the aforesaid has been consistently eroded over its entire history, and has, especially over the last decade, especially with respect to gold, markedly deteriorated) to change in any meaningful way?