Shell Game: How America’s Money Devolved from Gold to Fiat

Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea’s location, only to realize that no matter how well they track it, they’ve been fooled.

Now, replace that street performer with the Federal Reserve and the U.S. government, the shells with gold, silver, and paper money, and the pea with real value.

This, dear reader, is how the public got tricked into believing in fiat currency—a shell game of epic proportions.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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