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The Only Thing Backing The Dollar Now Is Force! -William Watkins

Split-screen Kitco News interview with two men in suits beneath large text reading 'NOTHING BEHIND IT'

The U.S. national debt has reached nearly $40 trillion, and the interest alone now rivals the entire military budget.

Constitutional scholar William Watkins argues the dollar today is backed by little more than the coercive power of the government, and that the drift from the founders’ hard-money design is why the debt keeps compounding.

 

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The SilverTrade Insider publishes market news and interviews with named analysts. Opinions expressed by contributors and interviewees are their own, and they may hold positions in the metals, miners or securities they discuss. Nothing here is investment advice.

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