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<p>[QUOTE="cmbdii, post: 5250, member: 655"]Our form of government is not democracy. There is no referendum, only elections every two years. The Constitution doesn't mention the word "democracy" anywhere.</p><p><br /></p><p> When we had gold coins, nobody had to carry around 20 ounces of metal unless they wanted to. There were banks on which checks could be drawn, just as there are today. There were bearer bonds issued privately as well as federally issued gold certificates.</p><p><br /></p><p> What you get with precious metal coinage is stability. When gold coin was the basis of our economy, prices remained stable for so long that advertisements painted on the sides of buildings would have prices posted which would remain in effect for decades.</p><p><br /></p><p> You can have both paper money and precious metal coinage, as we had for a long time. As long as the paper is redeemable in gold and silver coin, it's stable currency. When it's backed by nothing, politicians can rob the citizens of our wealth by simply printing themselves more money to waste, which they do every year.</p><p><br /></p><p> Precious metal coinage is portable property. It's the ultimate bearer instrument because it belongs, not to any government or cartle of private banks like the fed, but to the bearer. It's for taking your wealth with you when you cross a border. That wealth is in a form which is liquid, and doesn't have to be exchanged as paper money does.[/QUOTE]</p><p><br /></p>
[QUOTE="cmbdii, post: 5250, member: 655"]Our form of government is not democracy. There is no referendum, only elections every two years. The Constitution doesn't mention the word "democracy" anywhere. When we had gold coins, nobody had to carry around 20 ounces of metal unless they wanted to. There were banks on which checks could be drawn, just as there are today. There were bearer bonds issued privately as well as federally issued gold certificates. What you get with precious metal coinage is stability. When gold coin was the basis of our economy, prices remained stable for so long that advertisements painted on the sides of buildings would have prices posted which would remain in effect for decades. You can have both paper money and precious metal coinage, as we had for a long time. As long as the paper is redeemable in gold and silver coin, it's stable currency. When it's backed by nothing, politicians can rob the citizens of our wealth by simply printing themselves more money to waste, which they do every year. Precious metal coinage is portable property. It's the ultimate bearer instrument because it belongs, not to any government or cartle of private banks like the fed, but to the bearer. It's for taking your wealth with you when you cross a border. That wealth is in a form which is liquid, and doesn't have to be exchanged as paper money does.[/QUOTE]
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