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<p>[QUOTE=&quot;InfleXion, post: 1242976, member: 29012&quot;]Maybe fiat currency isn&#039;t the problem, but it seems like it helps enable the debt based system to exist. One of the major benefits of a metals based currency is if a nation goes into debt then there is that collateral which devalues the currency accordingly when the backing decreases. Since PM&#039;s can&#039;t be created out of thin air the physical supply can&#039;t be manipulated, so it has integrity built in. If it runs out I suppose it would still collapse, but at least we wouldn&#039;t be saddled with debt in the process, assuming lenders pay mind to how much backing exists and don&#039;t loan out more than they know can be paid back. I guess there is still a need for responsibility either way, but really if someone makes a risky loan they should be responsible if the risk blows up in their face.[/QUOTE]</p><p><br /></p>

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