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To: dollarbull; Fan of Fiat
Fiat money is fast losing its remaining credibility.

Can you still use fiat money to buy gold?

Houses are being priced in gold terms in Vietnam.

You're taking your economic cues from Vietnam? Wow!

I think you should pay goldmoney.com to hold all your PMs and currency. That's less money to be lent out and more demand for my cash. The interest I earn should rise.

396 posted on 07/09/2008 8:14:09 PM PDT by Toddsterpatriot (Why are doom and gloomers, union members and liberals so bad at math?)
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To: Toddsterpatriot

Are you replying just to have the last word? You’re not saying anything of substance. The banking sector is melting down because fractional reserve lending is a failed system - you’re rearranging deck chairs on the titanic.


397 posted on 07/09/2008 8:21:02 PM PDT by dollarbull
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