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Old 10-09-2005, 07:45 PM
Barbara Barbara is offline
Senior Member
Join Date: Jul 2005
Posts: 696
Default Re: Bye, Bye Old Dollar Standard

Shannow, with gold or gold backing for paper, the market determines what you will pay - supply and demand of/for products and services.

On a gold standard, the value of your money gently increases while prices stabilize or gently decrease.

And THIS, a fiat currency certainly IS the problem, especially combined with compound interest and 12:1 fractional reserve. :-?

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