The Real Story Of The Devastating Impact Of Unbacked Currency And Inflation

By Dr. Peter Hammond for a show entitled, “The Real Story of The Devastating Impact of Unbacked Currency and Inflation.” We discussed: how biblical law prohibits unjust weights and measures; the devastating impact of inflation of peoples’ pensions and savings; examples of inflation on the value of a one ounce gold Krugerrand coin; why prices don’t go up, instead money gets de-valued; why socialism is institutionalized envy; the Bible’s “you shall not steal” and “you shall not covet anything belonging to your neighbor”; why if we were to print money out of nothing we would be arrested for counterfeiting, yet banks are allowed to do it with impunity; the fairness of school voucher system in Denmark; how our financial system today is designed to impoverish the productive and reward the unproductive; an explanation of inflation; why cathedrals are monuments to a society without usury; the work of Stephen Mitford Goodson; and many other topics.