US Dollar

"EXPERIENCE HAS PROVED TO US THAT A DOLLAR OF SILVER DISAPPEARS FOR EVERY DOLLAR OF PAPER EMITTED" - THOMAS JEFFERSON OFFICIALLY ESTABLISHED IN 1792, THE US DOLLAR ORIGINALLY TRADED AS A COIN VALUED BY ITS WEIGHT IN GOLD OR SILVER, AND LATER TRADED AS A PAPER NOTE, WHICH WAS REDEEMABLE FOR GOLD. THE FIRST US DOLLAR NOTES WERE PUBLISHED AS DEMAND NOTES (PROMISSORY NOTES) TO FUND THE CIVIL WAR OF 1861. THE US DOLLAR WAS FIRST ESTABLISHED AS A CURRENCY OF THE WORLD IN THE BRETTON WOODS AGREEMENT OF 1944, BECOMING THE MOST DOMINANT CURRENCY IN THE WORLD THEREAFTER. IN THE 1970S, THE GOLD STANDARD WAS REMOVED, RENDERING TODAY'S DOLLAR BILLS NOTHING MORE THAN PIECES OF PAPER WITH NO REAL VALUE BACKING THEM. THE RELENTLESS "QUANTITATIVE EASING" BY THE US GOVERNMENT HAS CREATED EVER GROWING INFLATION OF THE CURRENCY SUPPLY AND EVERY YEAR THE DOLLAR LOSES MORE AND MORE OF PURCHASING POWER.