How many of our readers already know that the U.S. Dollar is a fiat currency? In fact most countries around the world rely upon fiat currency. What is a fiat currency? It's a currency that is not backed by a physical resource, such as gold or silver. The fiat currency is a promissory note (a note of debt), backed by the full faith and credit of the United States. As long as the U.S. government pays their debts, the dollar holds a perceived value, although that value is subject to change or diminishing due to inflation.
Many Americans would prefer the availability of a currency backed by a physical resource instead of being backed by a promise to pay a debt. Since the Liberty Dollar paper currency (warehouse receipt) is physically backed by silver it will always have value regardless of inflation or the governments ability to pay it's debts. There was a time when all U.S. currency was backed by gold and silver. It was known as the "gold standard" or the "silver standard". The government could never print more money that the resources available to secure what was printed. With a fiat currency that restriction is no longer in place, and we now have a national debt that can never be repaid.
Every day when we pay our bills or make purchases, we are spending notes of debt and adding to the national debt. Eventually it will catch up to us and the U.S. Dollar will crash. When that happens the dollar will either be significantly reduced in value or worse, become valueless. Many countries are already moving away from the U.S. dollar as the world reserve currency.
The more predominant this concern becomes, the more people are wanting an option of currency that will hold it's value and that can only be accomplished by a private currency, still subject to a gold or silver standard.
The Liberty Dollar was originally launched in 1998 and has continued to grow and become more secure since then, despite unsuccessful attempts to discourage it's use. Many people, and businesses across the country now trade in Liberty Dollars in addition to U.S. Dollars. It is Private Money for Private People, all administered by a Private Financial Association (A PMA). Do yourself a favor and learn more about Liberty Dollars Here