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<p>[QUOTE=&quot;V. Kurt Bellman, post: 1983022, member: 71723&quot;]Then you&#039;re just not old enough. Precious metals backed currency can reasonably be said to have caused the Great Depression of the late 20&#039;s and 30&#039;s. And fiat currencies can reasonably be said to have saved the economic world, absent extreme malfeasance in money supply management of a type never seen or even approached in this country. You need to keep perspective and avoid &quot;the confusion of the illions&quot; fallacy. A single Zimbabwe $100 trillion note represents 10x the number of dollars in the U.S.&#039; entire M2 money supply, even in this post-QE era, and even including all types of M2 in existence worldwide - cash, coin, and electronic.[/QUOTE]</p><p><br /></p>

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