Re: Question regarding the budget deficit

In other words, we MUST reassign something of value to our money. Something
like gold. I don't say it would be helpful. I don't say it would be handy.
I say we MUST. We MUST!!!!

We must, or our curreny will be debauched into oblivion. And so will follow
our nation and our freedom.

It's not rocket science. Just imagine if our dollar is someday worthless.
It's happened before. It's happened in Germany. It's happened in Israel.
It's happened in Brazil and Argentina. It can happen here and it WILL
happen here. The red ink is being spent at a record pace. The debt is
monetized. That's a fancy word for "counterfeiting".

Better buy yourself a wheelbarrow.

-Paul G.



"Paul Gee" <paulg123[no spam]@earthlink.net> wrote in message
news:ss_We.5442$Cg.1442@xxxxxxxxxxxxxxxxxxxxxxx
> "Tom White" <tominator@xxxxxxxxxxxxxxxxxxxxxx> wrote in message
> news:dghqp0$hm9$1@xxxxxxxxxxxxxxxxxxx
>
> >
> > Before the US went off the gold standard, you could take a
> > twenty, a ten, and a five and demand the US government give
> > you an ounce of gold. The government isn't obliged to give
> > you anything for the money it issues now. So what's the
> > value of money today? Somehow we all just agree on what
> > it's worth. I don't know how or why that works, and I can't
> > guess what will make it quit working, but whatever will break
> > our monetary system has stayed away for thirty plus years.
>
> If you tie gold to the dollar, you can't print more than the gold you've
got
> in reserve. I'm not sure what happened in 1971 but apparently the last
> semblance of being tied to anything of value was taken away completely.
> Now, of course, a dollar is a dollar. It's just a word, and we can get
> something for it because of, well, because you can. Tradition and
> confidence. But there is nothing behind it, as you and I both know. So
> they can now print as much as they want. And the more that is released
into
> circulation, the less each dollar is worth.
>
> I was just engaged in a thread about this with Chris from Texas. I said
> that I didn't think one person in a thousand understands what inflation
is.
> Inflation is NOT rising prices. Rising prices is a RESULT of inflation.
It
> is an EFFECT of inflation. Inflation is an INCREASE IN THE MONEY SUPPLY.
>
> Then I said that calling rising prices inflation is like saying that wet
> streets cause rain. Soon, Johhny D. replied to the post and provided a
> definition from an online dictionary. Sure enough. That dictionary is
> wrong. I've know for some time now that they revised the meaning of the
> word just as they revise true history in so many examples. It's just
wrong.
> Inflation is an increase in the money supply. And rising prices in an
> effect.
>
> -Paul G.
>
>


.

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