Monday, April 2, 2012

Could the Gold Standard Save the World Economy ?



When we talk about gold as money, we mean that the paper we circulate, or the credit/debit cards, are actually backed by a commodity. You don't need to carry around those commodities all the time. Today the pieces of paper aren't backed by anything, which is why they keep printing them, and stealing your purchasing power in the process. If you were free to choose (and to compete) you would never stick with that. Today's money is backed by a so-called 'guarantee' from our governments and central banks. Everybody is 'obliged' to accept this fiat money, and banks dissenting from this policy will be visited by armed officials, as happened in the USA.Inflation is a redistribution from people who hold money to people who print money. It's stealing.

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