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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (61926)	10/25/2008 1:55:01 PM
From: Valuepro	4 Recommendations Read Replies (2) \| Respond to of 78410

With your background, I was looking for your support here. Too many don't understand these critical things about money and wealth. Thanks. For those others following this subject line, what we are experiencing in the markets has been entirely foreseeable based on history. There have been many examples of systems that failed - not that we've completely failed yet - when based on fiat money, and others later when based on fiat with fractional reserve banking. In fact, the U.S. has been living through the world's longest running experiment in fiat money, starting from 1913. Why would anyone think that our present version of a monetary system could be sustainable, when all others like it have failed? Speaking of historical models, maybe it's about time for us to return to the gold standard introduced by Constantine the Great. His standard coin, the solidus, provided the longest running monetary system in history, lasting some 900 years. It sustained expanding trade, reliable wealth creation, scientific curiosity/education, as well as tolerance among nations, religions and ethnic groups. It only failed when rulers of certain nations discovered "coin clipping," banking, and fiat money. Thereafter the Western world entered the Dark Ages. There was (is) a direct connection between the corruption of that money, and the miseries of the Dark Ages. In other words, honest money creates honest dealings, along with "real" wealth, wealth that can not be so easily destroyed as in what we are experiencing now. Economic growth under a gold-backed system may be slower to be realized, but it can be more real and lasting, and with incalculable social benefits too. Will we every see such a system again? I doubt it. Not until the world, or a dominate nation is ruled by a benevolent dictator. Otherwise, power and influence will remain with the bankers, even on top of the ashes of a failed system. ...Geez, enough for a weekend. I'm off to explore the Superstition Mountains. Perhaps I'll find Reavis's head, or something squirreled away by a dead German. VP in AZ