DsBound -> RE: "We did raise taxes on some things" (9/26/2013 3:18:13 PM)
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ORIGINAL: mnottertail quote:
ORIGINAL: DsBound quote:
ORIGINAL: mnottertail I dont get that at all, our money is backed by our full faith and credit. To have it backed by anything else is of no consequence. Gold? Can't eat gold, cant drink it, it is another form of fiat. What would backing your money with anything other than faith and goodwill and honest dealings do for anyone? It wont make more it wont make anything different. Fuckin cum stains on the carpet would be as useful as any other reserve. money is an idea, as are all goods and services, and they are backed by ideas. Anything else is hallucination. Wow! Its a future debt note... what you're saying is nothing is better than having it backed by something! Do you really think the trillions are going to get paid back on faith?? This is a whole new level... I'm speachless actually. No, dont start that shit again, unless what you are saying is you are a convicted child molester. I am saying that any backing of any money or form of trade is backed by an idea. There is not enough gold, diamonds, silver, rhodium, palladium, or even shit in this world to back the US outlays for more than a few weeks. And then there is the rest of the world. And the us or the world goes belly up, what will gold buy you? And what would the us buy gold with to back its money? Thats right, fiat, there is nothing else. So you got an idea for an idea. Correct... theres not enough, so what does that tell you about the value of our dollar? Why are China and Russia buying as much gold as possible? They just being kooky? You've got the fed... a private company controlling our economy and pumping out cash like its candy, but it has no value!
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