Indiana Honest Money
Indiana Honest Money – Honest money, (or sound money), is the principle of either a gold or silver backed currency, or the use of the metals themselves as a currency instrument. It’s an age old economic principle, one that served our country, either completely or in coexistence with fiat’ money and other forms of currency until a mere 80 years ago. Fiat currency is money backed by nothing more than the word of the issuer, notes of credit. Hence the notation on all of our money – Federal Reserve Note’. As more fiat money is put into circulation, the less each previously issued note becomes worth. Just like stock in a company is diluted when more stock is issued. Our Government calls this inflation’, when in reality it’s devaluation. It’s worth to note at this point, that the Federal Reserve isn’t Federal and there is no Reserve. It is a cabal, cartel, monopoly that consists of the bank themselves. A privately owned, never audited, corporation with very little oversight. We have no competing currency to the Federal Reserve Note, hence a monopoly
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