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To: rightwinghour

Problem is, even if Paul were made President tomorrow, the system is far too deeply entrenched to do a thing about it.

Basically, there is on the order of 13 trillion or more paper dollars in one form or other in various economies, there is simply no way to back all of that with gold or what have you.

And that leads to the other issue, if the above is true, the only way to keep things moving is via inflated growth around the globe, the two go hand in hand.


12 posted on 07/30/2008 4:50:51 PM PDT by padre35 (Conservative in Exile/ Romans 10.10/Eze 11.2)
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To: padre35; rightwinghour
"Basically, there is on the order of 13 trillion or more paper dollars in one form or other in various economies, there is simply no way to back all of that with gold or what have you."

Yes there is. Simply provide an exchange rate between the federal reserve notes, and the real notes that truly represents the price of the backing metal in fed notes at the time of exchange. Anything else is just fog on the window of reality. We cannot continue indefinately with inflated fiat money.

52 posted on 07/30/2008 6:21:54 PM PDT by editor-surveyor (Jimmy Carter is the skidmark in the panties of American History)
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