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To: expat_panama

Well, you're certainly right about one thing, deflation has not been a problem. Of course one now needs an annual income roughly equal to my father's entire lifetime earnings and three gallons of gasoline cost what we used to spend for a week's groceries for a family but I suppose you are going to tell me that we are better off by having no backing for our money. Save it for somebody else, I ain't buying.


123 posted on 07/08/2006 7:56:52 PM PDT by RipSawyer (Does anybody still believe this is a free country?)
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To: RipSawyer
you are going to tell me that we are better off by having no backing for our money. Save it for somebody else, I ain't buying.

We all know that you are buying, and you're just not being honest about it. 

You know full well that when you get your check in US dollars that you'll be able to use it to pay your food bill.    Just like we all know that the problem with that idiot gold standard was that it never supported an economy where people could eat as well as you can now.

160 posted on 07/09/2006 7:24:24 PM PDT by expat_panama
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