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Comment on:
Totalitarian Democracy
US National Debt, Can be Wiped Out Tomorrow
1 Comment
Sunday, March, 15, 2009 12:17 AM
John
writes:
Fools gold
A country just can't by decree a currency equal to anther country's crrency exchange rate.The Euro is proving that quite devastatingly.There would be some sanity in going back to the gold standard,but there is no where near enough gold,silver,platinium or palladium to cover worlds "coupons" for the metals.The system would be based solely on trust,just like our paper today.People are not ready to trust the government to provide enough toilet paper right now.It is a nice dream to just,by judicial fiat,declare a metal,wood, anything you want could be said to be worth x amount of world currency.Who decides-the U.N.? God help us then-they hate America more than Hollywood.We did go straight to hell in a hand basket when Nixon took us off the gold standard,but the barn door is already open. I can't see a better system for the U.S. now than the one we have.Every other economy in the world is tanking worse than ours.What would have to happen is us lowering the value everything American made,exported,produced,anything to do with equalizing a world currency.I wish your dream comes true personally.I invested in gold and silver halfway through the market crash,and it confuses the hell out of me why these both haven't doubled in value.There are billionairesand countries lilke China buying by the ton,driving prices up-then they sell tons,taking profit and repeating the process.The little guy is at their mercy and I don't much care to be under china's thumb.
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