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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (468774)	10/2/2003 10:56:39 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

What a mishmash of ignorant gobblety-gook that post was! "the world today turns on money backed by no more than 'full faith and credit' of any national economy." >>> Yeah, so? That doesn't negate the laws of economics. REAL WORLD: weak and diluted fiat money loses value relative to stronger currencies. As it ever was, as it ever will be. "Thus the elegant archaic term "fiat money" is only used by libertarian whackos, economic ignoramuses (like Patsy himself), and precious metal hawkers, to make points based on pure ignorance, or the intent to defraud. In other words the term is PERFECT for fanatical Democrats who really believe that anybody cares about some mindless bureaucrat's wife, working in DC, being "exposed" to the Islamic enemy..." >>> There are a hell of a lot more Libertarians within the Republican Party, then in the Democrat Party... but Libertarian principles may be found everywhere. And, the term 'fiat money' is a simple descriptive, and accurate term, as you yourself noted: "Everybody already knows what the term means". >>> "the intent to defraud" is clearly the motivation of the government bureaucrats who dilute the currency --- pointing out that 'theft' is a way to oppose the fraud... so you are clearly ignorant here, and 180 degrees away from the truth. >>> As to the rest: off topic. You seem fixated on things that are irrelevant to your argument.