Take a dollar bill out of your wallet or purse and read the words at the top. It says “Federal Reserve Note”. Translated into common-sense English, the meaning of those words is “Legal Counterfeit”. We all know what counterfeit means; it means “fake”. Counterfeit money is fake money, and by definition it’s worthless. The only way it has purchasing power is if you can pass it off to someone who thinks it has value.

I’m old enough to remember when a dollar bill was called a “Silver Certificate”. Those words meant that that piece of paper could be easily exchanged for a shiny coin made of real precious metal. For all of man’s history, precious metals like silver and gold have been universally accepted and exchanged for goods and services. Somehow, a hundred years ago, Americans were persuade

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