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Old 10-08-2005, 07:22 PM
this this is offline
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Join Date: Feb 2005
Posts: 281
Default Re: Bye, Bye Old Dollar Standard

I don't think FIAT money is the problem. There has to be some kind of publicly agreed upon value for a currency. There's other problems with fiat currency, not that it is a currency by government decree. I saw Bill Still's Money Masters video btw.

You can't eat gold, or silver.

Our money is temporary credit (world wide). The interest accruing to the private banks that lend out the loans comprising 97% of our money supply is permanent.
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