Source: In God We Trust Report 2024
- "The euro has lost almost 90% of its value against gold in just 25 years". (IGWT)
- The US Dollar has lost 99% of its value against gold in 100 years. (Source)
"Has lost" means money stolen by the government from the people. Government money is but "a medium of fraud and tyranny."
From An Inquiry into the Principles and Policy of the Government of the United States by Senator John Taylor, of Caroline county, Virginia (1814):
An artificial currency [government paper or digital money] is subject to no such check [limits imposed by nature on sound money like gold], and possesses an unlimited power of enslaving nations, if slavery consists in binding a great number to labor for a few.
Employed, not for the useful purpose of exchanging, but for the fraudulent one of transferring property, currency is converted into a thief and a traitor, and begets, like an abuse of many other good things, misery instead of happiness.
Mankind soon discovered that money was easily converted into a medium for oppression as well as for commerce, and hence arose nearly as strong a dislike to heavy taxes in money as in kind; it being clearly seen that labor and property were transferred by money.
This plain truth, awakened the exertion of avarice and ambition, to deceive the vigilance of labor and industry; the objects of pillage.
The first intricacy with which they endeavored to hide their design was woven of indirect taxes travelling in mazes; [your money lose purchasing power as the govenrment prints money out of thin air]
the second, of loaning obscured by the mist of futurity;
and third, of an artificial currency or banking, complicated by the crookedness of its operation, flattering to industry, and restrained by no natural check, as a medium of fraud and tyranny
The State has a monopoly on money and will never relinquish it; the lure of public plunder is irresistable. They also understand that without the monopoly on money, the State, as we know it today, cannot exist. And "like all predatory or parasitic institutions, its first instinct is that of self-preservation. All its enterprises are directed first towards preserving it's own life... For the sake of this it will, and regularly does, commit any crime which circumstances make expedient." (Nock) What's expedient for the State today is to make sure no alternative money and pyament systems, especially those that they cannot control, get widely embraced by the People.
One of such alternative money and payment systems is Monero. Because it is private, the State has no control over how people use it. The State cannot link a Monero transaction to an individual (in most cases), as they can, for instance, a Bitcoin transaction (in most cases). This lack of control over people's financial transactions coupled with the State's inability to create coins at will, makes Monero an existential threat to the State. That's the reason, for example, why Monero has been delisted from most centralized exchanges (under the pressure from the government, no doubt) while Bitcoin has not.
The State will keep fighting Monero and other private crypto-currency projects but they will lose in the end because math cannot be defeated. Sooner or later, people will see the benefits of private crypto-currency like Monero and will embrace it. If you want that to happen sooner rather than later, learn about private crytp-currencies in general and Monero in particular and start using it.
Government money is "a medium of fraud and tyranny". Monero is a medium of exchange.