Obama???
Out of context: Reply #146
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- yurimon0
Us gold or silver coins or "junk silver" back in the day like before 1965 american coins were silver. like quarters and dimes. etc. 90 % silver.
The problem in thinking about gold silver is that paper currency is what fluctuates in price losses value not gold, silver. You can buy the same thing for 1oz gold going back as far as roman empire. This is fact because of records that romans kept. Today you for 1oz us gold coin you can buy a suit and nice shoes. in roman times you could buy a toga and shoes. same thing.
Intention for us to use gold and silver is, it is a solid foundation for transactions. harder to over produce supply and demand like you can with a printing press. Historically societies that used gold, silver flourished and those on paper currency collapsed because the drive to over print and over spend money was to great of a force.
Early colonial script was paper and it collapsed. plus paper money when printed from a central bank is theft. because fed is a private bank and they create inflation. it benefits gov and those who spend the money first. for a worker its a tax that steals a percentage of your labor. Think about it. If you had a private press that makes money from nothing, you will end up buying up everything including presidents. so this is another aspect of our problem that is never discussed in any debate...