[Aevery_Freeman]

I was a gold bug. I still have a goodly stash of gold and silver just in case - it keeps better than food. But I also have a stash of wine for the same reason, to retain wealth.

Another FReeper turned me on to this documentary and it was a revelation.

What is important is the quantity of money and the abolition of the Fed. Please watch all two hours, it's not cheesy or maniacal. It is the system proposed by Thomas Jefferson, Benjamin Franklin and Thomas Edison.

The Secret of Oz

[vanilla swirl]

Ferlater

[LibLieSlayer]

Thanks for the link... I will check back on thread when I get to work... still a practicing Capitalist... until they put me out of business... and they are doing that in spades.

LLS

[CommieCutter]

Unbelievable. So much to take in. I always wondered how Lincoln just issued money, and how that was any different from today’s “fiat” money. The quantity is what matters.
Now it makes a little more sense.

I also knew about the panics prior to the Great Depression and always wondered what the answers would be from the return-to-gold standard types.

It’s also interesting that Peter Schiff is in this. Isn’t he a Gold Standard guy?

What I still can’t seem to wrap my head around is, if Congress borrows money to create as much as they want, then why borrow it? If they have the power to coin money why not just make as much as they want. Wouldn’t that be easier?