Quote:
Originally Posted by galleryseek
If we're talking about currency, you legalize multiple currencies. Eventually the market will decide the winner.
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That would be a nightmare. It's been tried before in other countries and it doesn't work.
You only need one currency, but it MUST be backed by something tangible.
We just went off the gold standard back in 1933, which is not that long ago. I don't understand why everyone is so against going back to a currency that is actually backed by something real, or by a collection of various commodities. A currency backed by gold, silver, palladium, copper, or whatever they want so long as it was real, would work.
Sure, that means the Gov can not borrow endless amounts of money and send the country into massive debt again, but that is the way it is suppose to be! The system we have now is not supposed to be this way. We are not supposed to have trillions of dollars of debt! Money is supposed to be worth something, not worthless. They create money out of thin air! How stupid is that? But the ignorance doesn't end there. They borrow more money that someone else created out of thin air in another part of the world, by selling them IOUs for our fake money, and then are in debt to them for money that doesn't even exist in the first place, all the while giving our borrowed and printed fake money by the billions to other countries who are broke!
It's lunacy! But more importantly, it is unsustainable.