G20
Out of context: Reply #72
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- bliznutty0
TheBlueOne, where are you getting your facts? You made me laugh there. You're misunderstanding point A) ha-fuckin-ha!
A.) Don't be silly.. you're doing it wrong. Of course there is enough gold, the value of gold is a measurement. if for any reason the supply of gold isn't in relation to the supply of goods and services then you just change how much you use in a transaction? what an ounce of gold gets you, now a 3/4 ounce will. get it?
B.) Ironic you mention the Roman Empire. It lasted nearly 800 years and became as powerful as it did because of its strict laws against debasing the currency. The 'bezant' became universal currency and was accepted by neighboring nations because of its true weight in gold. Eventually, due to war and political corruption the Empire started debasing its currency (clipping coins, plating, reducing, diluting). This caused heavy inflation, higer prices, speculation, dishonesty. They then started controlling prices on all goods and services and the economy never recovered. There went the empire.
Fiat money was historically created by governments for funding wars (not economic growth and all the wonders of capitalism) When the war is over the domestic currency is always fucked due to inflation - this is historical fact. Fiat paper money was first heavily experimented in modern civilization in the NE colonies before the constitution and revolution. It failed because it was fraudulent, legal tender laws were put in place to force the colonists to accept the worthless paper. and instead lead to massive inflation, high prices, dishonesty, and disparity.. This didn't happen once - America suffered from inflation/depression several times before the constition was drafted and specifically stated gold and silver was the backing of money. George Mason said "Paper money is founded upon fraud and knavery.". The same banking and corporate political influence existed then as it does today. Respect our constitution.
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Your anti-Internet(Zeitgeist) rhetoric is shallow (and funny). Central banks have been exposed for hundreds of years. What exactly is Libertarian fantasy crap anyway?!?- You're a fruitcake.TheBIueOne
- ..I say that with the utmost respectTheBlueOne