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Money was gold and silver. Paper was redeemable for gold and silver.
See the gold certificate and silver certificate and examples of what they could be redeemed for by anyone with them:
The image at end compares a $20 Gold certificate with a $100 Federal Reserve Note.
Today, people consider unlimited pieces of paper and unlimited digital bytes to be money.
The next few months will likely be the last time gold and silver are these levels. The entire financial system based around the dollar (and it's vassals, the Euro, British Pound, and the Yen) will come collapsing beyond repair and recovery by 2018. This time there will be nothing they can do to stop the inevitable collapse.
So they said in the 70's
so they said in the 80's
But this time it's different. Just around the corner. All the other times and entire books on the subject and how to prepare were just so wrong even though it is often the same people and using the same economic perspectives.