Fiscal Cliff Explained by Mike Maloney

Peter Schiff and Ron Paul have been calling this "fiscal cliff" for years and years. But general public are too oblivious to heed the advice. Mike gets lost in details that have nothing to do with the fundamentals of money. What is money & how money is created and traded. The trap was set in the wee hours of Dec night in 1913 with passage of the Federal Reserve Act. That trap was sprung when Nixon, w/o any Constitutionally granted authority, reneged on international trade agreements to tie US Dollars to gold reserves. The ability to create money from nothing was thus borne and the collapse of economies around the globe begun.