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| States consider alternative currencies of gold and silver | |
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| Tweet Topic Started: Feb 3 2012, 10:56 AM (41 Views) | |
| HoosierLars | Feb 3 2012, 10:56 AM Post #1 |
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http://finance.yahoo.com/news/states-consider-alternative-currencies-gold-100700922.html Does this mean that every vender needs to track the current cost of gold and weigh everyone's coins? Can you imagine the amount of fraud? Why not just buy an ETF that holds the gold and silver for you? Yes, there is a cost of doing business and making the trades. As long as the US$ is losing less than 1-2% per year, why not use it? |
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| Rockspeed | Feb 5 2012, 09:18 AM Post #2 |
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I think there's going to be a single currency that includes Mexico, the States and Canada. I've seen the prints for such currency years ago. I wouldn't be surprised to see a global currency brought to the table at some point either. I think with where the world economy is headed, there's going to be a lot of options on the table in the near future. |
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| IUCOLTFAN | Feb 5 2012, 09:56 AM Post #3 |
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and u think this is a good thing? |
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| Rockspeed | Feb 5 2012, 09:59 AM Post #4 |
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nope... but I see it coming. |
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| Mr Gray | Feb 6 2012, 10:15 AM Post #5 |
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I believe that the amount of fraud would be marginal compared to the fraudulent abuse of our paper dollar by the Federal Reserve....which is why they fight against an audit Lars. |
![]() The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism. | |
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| HoosierLars | Feb 6 2012, 10:19 AM Post #6 |
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Honestly, they hide from an audit because you and most Americans can't handle the truth. (apologies to Jack Nicholson for stealing a line) The Fed has been transparent when deciding to print money (quantitative easing.) Other debt has been paid for mainly by Americans with more foreign contributions the last couple of decades. |
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