Thread: Fiat money
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Old Nov 9, 2009, 09:35 am   #8 (permalink)
soothsayer
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Gold is not a "volatile" commodity.
The false currency practices of governments is what affects peoples responses to their deficit spending.
For those who purport to be "for the poor" inflation most certainly is the greatest evil of all for it perpetually devalues the mediumof exchange for theri labor, indeed, their very lives on this earth.

The reason for strictly adhering to a gold standard is to make an essentially finite (or very slowly accumulating) commodity the measure of currency to prevent governments from the crime of having a "magic hat" from which they can pull infinite amounts of money.

Gold is the essence of fairness and principle and equality because it is as difficult for the poor to conjure up as it should be for those in power.


KRISTALLNACHT WAS GOVERNMENT "REDISTRIBUTION OF WEALTH"

THE EMPORER HAS NO CLOTHES ! ! !
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