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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (99491)11/9/2008 1:16:22 AM
From: Little Joe  Respond to of 110194
 
Yes, it is true that neither has lasted. The value of gold has maintained its value, the reason the gold system does not last is the desire of politicians to control us. Fiat systems fail because the currency becomes worthless.

Little joe



To: bart13 who wrote (99491)11/9/2008 8:51:59 AM
From: Horgad2 Recommendations  Read Replies (1) | Respond to of 110194
 
Sure governments will eventually find a way to overspend and destroy any gold standard that is created, but having a gold standard with gold and silver coins in circulation gives people a fighting chance to survive the government BS.

On the flip side, take all the gold and silver out of the system and "de-educate" the people and the people don't have a hope in hell when government abuses the money system.


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