Replies

To: muawiyah

However, gold is also used as money: If banks were required
to maintain gold in reserve in a ratio to loans, we wouldn’t be in this mess.

39 posted on 08/04/2008 7:59:16 AM PDT by upcountryhorseman (An old fashioned conservative)

To: upcountryhorseman

If banks were required to maintain gold in reserve in a ratio to loans, we wouldn’t be in this mess.

If a bank had 1 ounce of gold for every $10,000 in loans, how would that prevent this mess?

41 posted on 08/04/2008 8:21:30 AM PDT by Toddsterpatriot (Half the time it could seem funny, the other half's just too sad.)

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