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<blockquote data-quote="klein" data-source="post: 895139" data-attributes="member: 23950">wkmac... wanted to admit about your fiat currency opinion. You are totally right !Could you imagine if we went back a century and the currency was still Gold and gold nuggets ?The outcome :It would recirculate a few times, until the rich have it all, and nothing is left.Oh yeah, another 20% of US Gold would go towards the trade deficit (purchasing more outside the country with Gold, then exporting more and gaining Gold).So, what to do ? : Gold is gone (can&#039;t print any, unlike dollar bills), so the government borrows gold from other countries that have it, so the circulation can keep going, even though at a much smaller pace and with much smaller quantaties... so the &quot;rich&quot; (corperations), need to move overseas to grab (steal) more Gold, collecting it from the &quot;small people&quot; that still own some (unlike in the US, because they (the 1%) already own most of it)...Luckily the Fiat curency keeps us all somewhat liveable , because if it was Gold currency, we would all be starving by now.</blockquote>

[QUOTE="klein, post: 895139, member: 23950"] wkmac... wanted to admit about your fiat currency opinion. You are totally right ! Could you imagine if we went back a century and the currency was still Gold and gold nuggets ? The outcome : It would recirculate a few times, until the rich have it all, and nothing is left. Oh yeah, another 20% of US Gold would go towards the trade deficit (purchasing more outside the country with Gold, then exporting more and gaining Gold). So, what to do ? : Gold is gone (can't print any, unlike dollar bills), so the government borrows gold from other countries that have it, so the circulation can keep going, even though at a much smaller pace and with much smaller quantaties... so the "rich" (corperations), need to move overseas to grab (steal) more Gold, collecting it from the "small people" that still own some (unlike in the US, because they (the 1%) already own most of it)... Luckily the Fiat curency keeps us all somewhat liveable , because if it was Gold currency, we would all be starving by now. [/QUOTE]

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