There’s a lot of raging debate going on in our society about fiat currency, and the gold and silver standard that our nation was on from its inception until the 20th century. Would it interest you to know, however, that the American colonies did not start out with a gold and silver currency?
You see, they had no gold or silver to trade in. None had been discovered. There were expeditions sent out to find silver and gold, but in the beginning there was no specie in the colonies. However, that lack of currency didn’t make the colonists any less prosperous.
In fact, they were quite prosperous! And the underpinning of that prosperity was due to their faith and their liberty.View Text Transcription
We hope you’ll join us as Bill, Brian, and Bojidar discuss fiat currencies, gold and silver standards, the history of currencies in this country, and how the failure of an economic system can empower local communities and families to come together for the betterment of all.
- The real value in an economy … and it’s not gold or silver!
- What debasing the currency is really rooted in
- What made the first American colonies different from others established at the time
- The alternative currency of the colonies that was still in use in Brazil and the Caribbean in the 1860s