Are any world currency's backed by gold, page 5
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reply posted on 26-1-2009 @ 11:52 PM by Anonymous ATS
reply to post by ArbitraryGuy

Yes, but the problem with paper money is that a few people in a privatized so called "federal bank" can print it to their liking. Gold is a near solid currency that only rarely swings in value. Paper money or "fiat currency" is like a musical dance with chairs. When the music stops someone is left to "stand" or in other words go bankrupt. It is not a flaw in the system it is a PART of the system. only by that tactic and the perpetuate increase of their own money supply wich only works because of timelaps between the inflation and the.. inflation, can the system stand.. for a time. It is by natural law doomed!
You see by these rules, the money the government borrows, is only worth its actual value for a short time. because after some time in cirkulation, the masses are aware of the extra money and therefore prices raise in society. Before your sallery does.


reply posted on 29-1-2009 @ 12:52 PM by Anonymous ATS
reply to post by rougevif


mistakenidentity
Let me see...ummm...could it be the Federal Reserve....bankers.._javascript:icon('')


reply posted on 13-2-2009 @ 08:16 PM by Anonymous ATS
reply to post by ArbitraryGuy

I completely disagree. Gold is a Metal in which blood, sweat and tears is sacrificed for it's timeless beauty and infinite industrial uses. It can be shaped, pounded paper thin, extruded as fine as a hair, and carries electrical properties that few metals do.
It's foolish to believe gold isn't as an important component in the modern world and therefor is as valuable as any other commodity.
And because of it's ability to keep it's form and luster for thousands of years, it's a far more dear metal to our cultures than steel and aluminum.
How do you think it became an agreed upon medium for trade in the first place?
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