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To: Jacob Snyder who wrote (76596)	7/20/2011 12:35:28 AM
From: skinowski	Respond to of 218131

This idea of a "parallel" gold based currency is a modification of the gold standard. IMO it could actually work. It is true that politicians would not be happy about it -- just as they would not be happy about introducing a traditional gold standard. At least, using a gold based currency concurrently with the traditional national currencies would eliminate the need to stretch the price of gold to absurd levels.

To: Jacob Snyder who wrote (76596)	7/20/2011 5:12:29 AM
From: Maurice Winn	1 Recommendation Respond to of 218131

Jacob, didn't the USA have many banks which all issued their own currency based on gold? I know I could ask Google but you might have the information at your fingertips. I don't see how a country/government loses sovereignty by people adopting any means of exchange they feel like. If people swap hens for turnips and milk for shoes and horses for cattle, they are still subordinate to the state though the state doesn't issue the currency or otherwise determine how many eggs, horses, shoes and houses change hands. Where is the loss of sovereignty? By being the sole provider of money, the state can charge a small royalty without having people abandon it but that's not different from Qualcomm charging a small royalty for allowing CDMA to be used for mobile Cyberspace. The fact that Qualcomm issues that CDMA currency doesn't detract from state sovereignty. Perhaps I'm missing your point because you are usually "on the money" so to speak. Mqurice