LOL! You’re calling MY post stupid
Do you really understand that little about gold as money?
If someone comes up with printing press technology to counterfeit notes, so what? You ahve some counterfeit notes, maybe a few billion; the North Koreans were working on this before. Once you know they’re doing it, you round up all the old money, confirm it’s NOT the counterfeit, and you publish new money. Sure, maybe you take a few billion, but paper money is but a very small portion of the total money supply. Even if they flooded a huge portion of the paper money supply before being detected and countered, you’re talking only a few billion dollars. Painful, but nothing compared to the trillion-dollar stimulus, or Quantitative Easing when it comes to diluting the money supply. There’s only $853 billion total in circulation, out of a national net worth of $45 trillion. Match the entire value of US circulation with counterfeit, and you’ve only taken 2% of the economy down; less than Obama’s stimulus. But realistically, counterfeiters could match only a few percent of the currency, because their very success inherently exposes them.
The problem with gold currency is that any new gold technology is perfectly legal, and not counterfeit. Anyone who can precipitate gold would be able to run their gold machine, and simply PERFECTLY LEGALLY supplant as much US wealth as he could make; with counterfeiters once you catch them, you’ve essentially solved the problem.
Ok you are clueless. Here’s my last post to you. I’m not talking about illegal counterfeiting, I’m talking about the legal counterfeiting the fed is doing right now. They are massively increasing the quantity of dollars, thereby robbing everyone of their wealth through inflation.
Run along now.