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To: DaveyB
Leaving the Gold Standard is IMO his biggest sin

Point taken and agreed my FRiend.

4 posted on 09/03/2015 2:08:45 PM PDT by hadaclueonce (I thought Ethanol was the devil, now i find it is America is an Oligarchy)
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To: hadaclueonce; DaveyB

Many will argue that even gold money is not stable, referring to the huge hordes of gold brought into Spain from South america, creating inflation even with gold and silver money but the main thing is that gold and silver money will have value at some level as long as gold and silver have uses. Paper money or digital money with no backing can easily go to zero and for practical purposes HAS gone to zero in my lifetime. When I was a teenager I was quite happy to have an opportunity to work all day in the hot sun for three or four dollars. Today that will at best buy you a Pepsi and a Honey Bun that used to cost twenty cents total. A dollar that you worked hard for and set aside from then until now is worth maybe a nickel unless it is a silver dollar, that is worth twenty dollars or more in today’s money which means it is worth about the same now as then. We have been robbed and lied to. There was a time when a person COULD live with dignity on a social security check if he knew how to manage money at all. Now it is nearly impossible even though the AVERAGE social security check now is equal(in nominal terms) to the pay of a factory manager back in my youth and I am still only seventy one.


9 posted on 09/05/2015 7:44:06 AM PDT by RipSawyer (Racism is racism, regardless of the race of the racist.)
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