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To: Shack who wrote (7902)	5/11/2001 6:55:56 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 17683

everyone prints money backed by nothing and jeopardizes the entire monetary system This difference is that when this occurs, people flee that currency into a currency that more reflects the economic safety they desire. Remember the tremendous inflation that resulted during the American Gold Rush, or even in 16th century Europe after Spain brought back that tremendous horde of gold and silver from the new world. Some would say that this is one of the primary reasons that Spain lagged England and the rest of Europe with regard to a fundamentally strong economy. The bottom line, imo, is that democracy only truly flourishes when people and nations are so mutually dependent upon each other to properly observe civilized legal and financial convenants. Treating gold as a currency with an arbitrary and artifically inflated value (by the fact that most of it locked up in the vaults of central banks) is just not reasonable. I want my nation's currency to represent our economic and political policies, not how much of a shiny yellow metal we do, or do not, possess. But your point is well taken. Hawk