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<p>[QUOTE="mikem2000, post: 1510090, member: 30574"]Hello Peace,</p><p>This really has nothing to do with perspective, just facts. Silver used to be money, silver has some of the charactersitics of money, it even has some advantages for being money. But that does not make it money. </p><p>No one argues that we have now swithced to be 100% fiat money, and the very definition of fiat money is that it is not backed up by anything except a government promise. That fiat money (GreenBacks) is the only thing that is legal tender in the US. Nothing else, NOTHING. Some people don't feel comfortable with that, but that is what it is. You cannot make something into money because it gives you a warm fuzzy. Read the entire WIKI post with a clean and open mind, and I think you would agree.</p><p><br /></p><p>Also, if anybody is receiving goods in exchange for silver, they are bartering, not using silver as money</p><p><br /></p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1510090, member: 30574"]Hello Peace, This really has nothing to do with perspective, just facts. Silver used to be money, silver has some of the charactersitics of money, it even has some advantages for being money. But that does not make it money. No one argues that we have now swithced to be 100% fiat money, and the very definition of fiat money is that it is not backed up by anything except a government promise. That fiat money (GreenBacks) is the only thing that is legal tender in the US. Nothing else, NOTHING. Some people don't feel comfortable with that, but that is what it is. You cannot make something into money because it gives you a warm fuzzy. Read the entire WIKI post with a clean and open mind, and I think you would agree. Also, if anybody is receiving goods in exchange for silver, they are bartering, not using silver as money Mike[/QUOTE]
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