A recent talking point re-emerges in another light....

[Ian Livingston]

Ergonomic currency! I like it. Beats hell out of traditional models.

On Wed, Jan 25, 2012 at 12:28 PM, Alex Colter <recoignishon at gmail.com> wrote:
> Would it be fair to say all money must be back'd by Energy?
>
>
> On Wed, Jan 25, 2012 at 1:58 PM, Paul Mackin <mackin.paul at verizon.net>
> wrote:
>>
>> On 1/25/2012 12:42 PM, David Morris wrote:
>>>
>>>
>>> http://www.trutv.com/conspiracy/government/ron-paul/gallery.html?curPhoto=11
>>>
>>> The New World Order
>>>
>>> "[Is there] an international conspiracy to overthrow our government?"
>>> Paul said in 2003, repeating the question of an audience member at his
>>> Austin speech. "The answer is 'Yes'. I think there are 25,000
>>> individuals that have used offices of powers, and they are in our
>>> Universities and they are in our Congresses, and they believe in One
>>> World Government. And if you believe in One World Government, then you
>>> are talking about undermining National Sovereignty and you are talking
>>> about setting up something that you could well call a dictatorship -
>>> and those plans are there!"
>>>
>>> Ron Paul's call for a return to the Gold Standard are clear proof that
>>> he's w/o a clue about economics and monetary dynamics.  But neither do
>>> most people...
>>
>>
>>
>>
>> Hey, I got an idea.  Why doesn't the Fed just SAY it has enough gold
>> buried somewhere to "back" all the money it creates.  Of course, the public
>> would have to take this on faith.  It wouldn't be possible to actually count
>> or weigh this much gold.  So in the end the value of money depends on trust.
>>  Like so much else in this world.
>>
>> Approached from another angle, is there enough gold in the world, above or
>> below, ground to "back" but a tiny fraction of the money supply?  Any kind
>> of conceivable "gold standard" would just add an unnecessary, though minor,
>>  complication to something that is complicated enough already.
>>
>>  Saying all money must be backed by gold  is kind of like saying that all
>> books have to be printed on paper.
>>
>> Good-bye Kindle.
>>
>>
>> P
>>
>>
>>
>>
>>>
>>> On Wed, Jan 25, 2012 at 11:03 AM, Paul Mackin<mackin.paul at verizon.net>
>>>  wrote:
>>>>
>>>> It's my impression that spinners of this particular conspiracy theory,
>>>>  espoused by Ron Paul and others, don't really understand how money and
>>>> banking work, or of American economic history.
>>
>>
>



-- 
"Less than any man have I  excuse for prejudice; and I feel for all
creeds the warm sympathy of one who has come to learn that even the
trust in reason is a precarious faith, and that we are all fragments
of darkness groping for the sun. I know no more about the ultimates
than the simplest urchin in the streets." -- Will Durant