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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (12310)12/10/2006 3:00:12 PM
From: Ilaine  Read Replies (2) of 217607
 
what money actually was meant to be

I'd recommend, for your enlightenment, a study of the harm gold-backed money has done to the US economy over the years since the Foundation but you're a "true believer" so no point wasting my time. Either of our times.

US money is backed by the US economy. Cyber money is backed by the global economy.

It works. It "just is."

No point arguing -- you want to talk about "what's meant to be" as if it's possible to say what Alexander Hamilton would have done in our shoes. I think Hamilton, a pragmatist, wouldn't have had any regrets about ditching theory for reality. He was perfectly fine with paper money that was only partially backed, if you care to study the history. He was also a strong proponent of a central bank for the US.

If you actually met, face to face, the kind of man (it's always men) who argues in favor of gold money, you'd see that they are weirdos, the same exact kind of weirdos who argue that they don't have to pay income tax because those laws were not properly ratified, and that US greenbacks aren't real money because those laws were not properly ratified, and a lot of other silly stuff.

Just bookmark this post and come back to it in a year, and taunt me if you feel like it. I will probably still find gold a boring topic.
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