[justshutupandtakeit]

Nonsense. There is not enough gold and silver in existence to support the world economic system's functioning. And NEVER HAS BEEN.

Apparently you have no knowledge of American monetary history or you would understand that without the creation of a National Bank our nation's economic development would have been greatly retarded.

Our greatest problem early on was NO specie. It was all drained away to Europe then after independence shortage of money led to tremendous experimentation with money mostly unsuccessful.

There has never been a gold standard in operation for more than a few years at a time. War breaks out and the GS is scrapped. EVERY time.

Most of those advocating metal money or metal backed money have little or no understanding of economics, finance or monetary theory. Wonder why?

[AdamSelene235]

There has never been a gold standard in operation for more than a few years at a time. War breaks out and the GS is scrapped. EVERY time.

Funny how that works. WWI for example would have been over in a matter of weeks if we had remained on a gold standard.

Similarly the North could not have continued its economic exploitation of the South without issuing funny money.

Its almost as if fiat is a tool used to get the masses to do things that are not in their interests.

[AdamSelene235]

Most of those advocating metal money or metal backed money have little or no understanding of economics, finance or monetary theory. Wonder why?

I spoke with a Congressman the other evening who has served on the House Banking committee, had a excellent understanding of economics and endorses the GS.

PS - I'm not endorsing a GS. I'm simply opposed to government control of the money supply.

The moral hazard is too great.

[bvw]

Since in your incredible view, I have no validity, I'll just leave it at that. I don't bark back when a dog barks at me either.