To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2 posted on
08/11/2012 3:50:21 AM PDT by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
3 posted on
08/11/2012 4:19:01 AM PDT by
fortheDeclaration
(Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
To: TigerLikesRooster
I can’t afford gold, guess I’ll just stock up on beer and hope the price of aluminum shoots up.
5 posted on
08/11/2012 5:23:26 AM PDT by
coolbreeze
(giving money and power to government is like giving whiskey and car keys to teen-age boys.)
To: TigerLikesRooster
Fractional reserve banking makes gold or gold-backed currency impractical.
No matter what, 9/10ths of the money in circulation held as bank deposits would still be backed by nothing and subject to wild swings and devaluation. Whether it is 9/10ths or 10/10ths makes little difference as the 1929-1934 and 1934-1941 periods of the Great Depression demonstrated. You could have your gold while 9/10ths of the economy still evaporated.
8 posted on
08/11/2012 6:05:32 AM PDT by
UnbelievingScumOnTheOtherSide
(REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
To: TigerLikesRooster
I have zero idea where he pulls that magic 4.3 ratio - straight out of his backside or something.
Latest figures as of about 5 minutes ago:
National debt: 15,922,400,331,023.50
What they say they have, gold wise: 288,000,000 ozs
The number:
$55,286.11 per oz
9 posted on
08/11/2012 7:47:16 AM PDT by
djf
(The barbarian hordes will ALWAYS outnumber the clean-shaven. And they vote.)
To: TigerLikesRooster
10 posted on
08/11/2012 8:20:08 AM PDT by
TEXOKIE
(Nobody made a greater mistake than he who did nothing because he could do only a little. EdmondBurke)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson