Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (79093)	9/6/2011 8:23:39 AM
From: carranza2	Respond to of 218135

no unbacked currency has survived in the long term. gold as a store of value has done its job since history began to be recorded. are those who trust unbacked currencies rational? i grant you, if the issuer is prudent, conservative, and a good steward of a nation's wealth and credit, there is no reason why a paper currency cannot survive and do well. how many central bankers and policy-makers are good stewards? politicians armed with a paper-backed currency always overspend. seems to be an iron rule of politics, which depends on rewards to supporters for its raison d'être.