Montana for gold currency (Full Version)

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UncleNasty -> Montana for gold currency (3/23/2009 11:21:37 AM)

Montana considers a return to a gold based currency, and specifically moving away from Federal Reserve Notes.

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=92000

Uncle Nasty



kittinSol -> RE: Montana for gold currency (3/23/2009 11:35:41 AM)

That's quaint. Very last millenium.



DomKen -> RE: Montana for gold currency (3/23/2009 11:57:02 AM)

Oh yeah wingnutdaily is reliable.

More accurate headline: Lone nut proposes gold currency. Was ignored.



UncleNasty -> RE: Montana for gold currency (3/23/2009 2:11:50 PM)

DK,

I see you as fairly bright and informed individual. I am always surprised that the simplest element of the money issue is either overlooked, or lost, by you.

The source I quoted may perhaps be of dubious reliability. The main point on the other hand is not. In the 96 years the Federal Reserve has been providing our currency it has lost approximately 95% of its value and purchasing power.

A more accurate headline could read: Masses of people insist on loosing their wealth through devaluation.

Uncle Nasty



pahunkboy -> RE: Montana for gold currency (3/23/2009 2:26:25 PM)

...what we are scheduled for is a one world digital gold based currency.      Huh?     The key word, "digital".      ie: more of the same, but more tractable.


I think we are down to 3 cents on the dollar.    When gold was money- no inflation for 100 years.    It is amazing how fiat money is so revered in the USA.   It cant happen here. Argentina, Wiamarr, Zimbadwee.  

I forget if Montana passed a 10th amendment law.




DomKen -> RE: Montana for gold currency (3/23/2009 2:41:58 PM)

quote:

ORIGINAL: UncleNasty
The source I quoted may perhaps be of dubious reliability. The main point on the other hand is not. In the 96 years the Federal Reserve has been providing our currency it has lost approximately 95% of its value and purchasing power.

So that is somehow unusual? As I'm sure an expert on monetary theory such as yourself knows 1% to 2% inflation is a necessary part of a thriving economy. Add that up over 96 years and what do you get I wonder?

As I've explained to you previously we had a hard currency pegged to gold throughout most of that 96 years and it had no bearing on price inflation.



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