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: Maurice Winn who wrote (80436)	9/27/2011 11:08:02 AM
From: carranza2	5 Recommendations Read Replies (2) \| Respond to of 217796

Ah, Mq, engaging in the usual sophistry, are you? The USD is backed by nothing, not even the good faith and credit of the US. The US Treasury does not stand behind the USD and no other government backs in the sense that it will give you something tangible in exchange for it. The USD, and all unbacked currencies for that matter, suffer from the same defect as thier value is dependent on two things: the number of notes (whether pixielated or real) in circulation and the trust the markets have in the notion that a piece of paper can serve as a store of value. The USD and its cohorts are simply legal tender "for all debts, public and private" as is stated specifically on the face of all Federal Reserve notes. It is thus utterly dependent on the value that its users will give it. It goes without saying that if too much currency is produced, trust and confidence in its value wanes, as we have seen throughout history and as we are seeing now. Gold on the other hand needs no backing, it is the substance itself which is valuable because it is rare, impossible to replicate, untarnishable, beautiful, easily sized for convenient use, all per cultural imperatives so long-standing that they are now biologically stamped onto our DNA. You are thus fighting the forces of nature, genetics and biology when you fight gold. Submit to the truth, Mq, before it is too late, before all your pixielated doo-dads leave Earth unused and useless for a trip into deepest darkest outer space to be lost forever. The poor girl whom you admire so much is quite obviously a pretty face mouthing off something she was told to say. She understands next to nothing.