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To: Prince Caspian
Why do you think gold will buy anything?

Why don't you think US dollars won't?

The reality is, US dollars will, and everyone pretending they are imaginary is insane.

47 posted on 04/10/2010 11:04:38 AM PDT by JasonC
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To: JasonC

It’s not a matter of whether gold or paper will buy something or NOT buy something. It’s a matter of how much. But, on second thought, you’re probably right. I’m insane.


48 posted on 04/10/2010 11:12:56 AM PDT by Prince Caspian
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To: JasonC

“US dollars” assumes that there exists a political entity called “The United States of America” that effectively backs up the value of said dollar. There is no reason to believe that will always be the case. For example, why isn’t there much trade in things like CSA dollars? How much trade today is done in things like French Francs?


86 posted on 04/11/2010 6:23:01 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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