SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pogohere who wrote (38984)11/7/2007 9:36:22 PM
From: Valuepro  Read Replies (1) of 39344
 
"The fiat created by the colonists worked quite well."

Geez, well, o.k. We most certainly are on opposite polls when it comes to this subject, aren't we. So, here is my last post on the subject.

There has never been a fiat system created in Western civilization that did not fail. Gold has never failed as money. The longest lasting monetary system known was created by Constantine the Great. It was a system of standardized weights and measures of gold coins that lasted for over 800 years, and was accepted throughout the known world. That was the longest running and most stable period of economic growth in Western history. "Clipping" and fractional reserve banking ended it.

"Gold Wars" - Ferdinand Lips;
"Tomorrows Gold" - Marc Faber;
"The Case Against the Fed" - Murray N. Rothbard

Now, in fairness, what are your published sources?

Paper has always failed, and it will again, and it's failure will be caused by the "banksters" as you call them.

But good luck to you anyway.

Cheers,

VP in AZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext