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on what basis should US currency be backed in your opinion?
Does it have to be gold? Obviously we switched from that to a DEBT based backing and I am not particularly a fan of that because it only encourages more debt..
And debt really has no value anyway. But you know this..
What about something more tangible like maybe Energy reserves that have value? Or maybe some other valuable precious metals like Platinum or Palladium or both?
I mean, if we had enough physical Gold in the vault to cover the fiat currency in circulation I would not be opposed to that but we could also have additional precious metals or GEMS like diamonds, or things that could also be used in addition. Why just one thing?
Anyway, time for some creative thinking....
Thanks!
micro.