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<p>[QUOTE="Jim Bonner, post: 1246641, member: 32536"]I completely agree.. but I fail to see how it is off topic. Especially as off topic as oil. I begin this with the fact that aluminum was used to top the Washington monument because at the time it was the rarest metal in the world.. Now we cook eggs in it. If we base our monetary policy on the scarcity of an element (like maybe Silicon) and suddenly that metal becomes as common as sand .. Then we have a problem external to our economic system. Like mother nature counterfeiting for us. Even in systems like the feather money people of Santa Cruz the value of the money has to rest in the authenticity of the feather money makers. Otherwise any old tribesman could just whip up a bunch of counterfeit feather money. The system always depends on the pen of the CFO. If the president says gold is money its money .. if she says its not its not.[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Bonner, post: 1246641, member: 32536"]I completely agree.. but I fail to see how it is off topic. Especially as off topic as oil. I begin this with the fact that aluminum was used to top the Washington monument because at the time it was the rarest metal in the world.. Now we cook eggs in it. If we base our monetary policy on the scarcity of an element (like maybe Silicon) and suddenly that metal becomes as common as sand .. Then we have a problem external to our economic system. Like mother nature counterfeiting for us. Even in systems like the feather money people of Santa Cruz the value of the money has to rest in the authenticity of the feather money makers. Otherwise any old tribesman could just whip up a bunch of counterfeit feather money. The system always depends on the pen of the CFO. If the president says gold is money its money .. if she says its not its not.[/QUOTE]
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