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To: maceng2 who wrote (43237)	12/2/2000 10:03:05 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

WSR, One last remark.... FORGET the USA being a "Big Bully". It's lost it's chance. However, I still like the USA. Just so as you know, maybe some charm can work. regards, and best wishes, pearly

To: maceng2 who wrote (43237)	12/2/2000 10:29:56 PM
From: wsringeorgia	Read Replies (2) \| Respond to of 436258

Pearly, glad to hear that there is as much dissention over there as there is here. Makes life interesting; in fact that is one thing that bugs me about discourse here; although heated it is rather "sterile" just slogans and simple nostrums repeated endlessly. But I must respectfully disagree with you about fiat currency and the gold standard. Look, as I see it there is only so much gold in existence but as mankinds numbers (and his productivity and economic activity) increase over time then a diminishing amount of gold would be available for each individual (and to reflect each economic activity). Some medium of exchange that can be regulated (usually expanded) to meet current need is necessary; hence "fiat currency". In the US there was no "left" or "right" in the European sense untill well into the 20th century; what we had before then were the "progressives" and the "eastern establishment" and they were discriminated mainly by their stand on currency. The "eastern establishment" was in favor of a "hard currency" (gold) standard and the "progressives" wanted "free coinage of silver". In 1896 four time Dem presidental candidate William Jennings Bryan made his famous "Cross of Gold" speech (the gist of which was that the common man was being crucified on a "cross of gold" and advocating free unlimited coinage of silver). In those days the Dems represented the farmers and small town rural America and the "eastern establishment" big bankers and industrialists was the domain of the Repubs. And the main political issue of the "gilded age" was how much silver coinage to mint. Bryan and the Democarts wanted the maximum amount, if possible the Repubs would have had none at all but in fact a vast amount was coined; each years amount reflecting the realtive sucess of the two parties. So as my Dem forefathers were big Bryan supporters, then they were "free silver" men too, so must I be also. WSR