“Everything is in place for a rapid increase in U.S. currency. There is no precious metal backing for it; there is virtually no check on how much of it can be issued; and an acceleration of inflation here—brought on by the enormous and growing national debt—could result in a duplication of the horror that befell Germans in 1923-24.” (John F. McManus, Financial Terrorism, 1993.)

Related Categories
Money: Inflation
Our Decline