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The Recusant
Member since May 2012
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Anecdotes and Reminiscences How unbacked fiat money corrupts society

- Hugo Salinas Price - Plata.com

Loved the article and the implication of how ALL central banks operate and why. "Too soon old. Too late smart."

Commented 2360 days ago

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Beginning of the headline :A well-known story from yesteryear: when Venustiano Carranza was President of Mexico (1917-1920). Carranza issued a great quantity of worthless paper money, which caused much resentment on the part of the population. Someone (whose identity was never discovered) printed up some papers, and these were pasted one night on the walls of buildings in the heart of Mexico City; the papers had the following text: “The Mexican eagle is a very cruel animal: It eats only silver, and shits only paper.” Pres... Read More

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