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Re: The USA's recovery from crisis

By: faul in ALEA | Recommend this post (0)
Mon, 30 Jan 12 1:20 AM | 50 view(s)
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Msg. 06538 of 54959
(This msg. is a reply to 06537 by Cactus Flower)

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Alea.......you missed the point on purposeSmile

Gold is precious to man because it's precious to the Gods,
& the gods used man as slaves 100,000yrs back to mine it
for them.....

Did it ever occur to you your education system is just
their mind control system.......

Doma.


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The above is a reply to the following message:
Re: The USA's recovery from crisis
By: Cactus Flower
in ALEA
Mon, 30 Jan 12 1:04 AM
Msg. 06537 of 54959

Hi faul,

Yep. Looks like gold was a thing for primitive peoples as I mentioned. But unfortunately, it is a lousy form of currency. Have you ever thought about debasement of coinage? It's as long as the history of gold as a currency, more-or-less.

Re fiat currencies: the oldest modern fiat currency is the US dollar. Looks like it's going strong. There is no gold standard and if I remember correctly, most countries abandoned the promise to pay a person in metal long since. Why bother to tie yourself to a shiny object when there's a whole economy to support the value of a currency.


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