Because there is no argument FOR gold that supersedes the argument for the flexibility of monetary policy in a fiat system. Why is gold superior? The idea that we should peg our national macroeconomic decisions to how much of a particular mineral is being pulled out of the ground at a given time is. . . yikes.
Sean Hannity shills for the Gold industry for money.
When do we get to talk about corrupt ?
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
Well gold is stupid anyway. Not saying fiat is perfect, but gold is dumb as well because if your gold currency is stolen, then the money you said you'd back is worthless. When all currency is based upon goods and services. If I'm producing good sna d services that people need, the government can't back my goods because of lacking a shiny metal? Even if the whole nation is a leader? You'd just be starting a whole new level of commodity wars like we used to have.
Stockholm, more densely populated than NYC - sturg
The Chosen One (11-02-2016)
weso1 (11-03-2016)