Message:

<p>[QUOTE=&quot;InfleXion, post: 1510530, member: 29012&quot;]As I have stated twice before paper currency does not constitute a unit of account. If you cut a dollar in half it loses it&#039;s value. If you put a dollar in your compost it won&#039;t be there a century later. It fails both the divisibility and the durability test. It also fails as a store of value because that value is dependent upon enforcement by the current establishment and will eventually not have that value. We can split hairs and I will concede that yes, you are correct by the modern definition of money that FRN&#039;s are acceptible, but they do not fill all the roles needed by money that caused it to come into existence in the first place which is why gold and silver are sound money and will have to supplant a non-metal backed fiat currency out of necessity regardless of semantics. If you are familiar with Joseph Goebells&#039; line about convincing people that a square is a circle because they are just words, that applies perfectly here. The labels don&#039;t change anything fundamentally. Gold and silver are money, and will always be money due to their inherent characteristics. The rest is only temporary.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in