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<p>[QUOTE=&quot;Sullysullinburg, post: 2374665, member: 73996&quot;]So when the U.S. Dollar was backed by gold and silver, there was never any depressions?</p><p>&nbsp;No they don&#039;t. I have many junk silver coins that would beg to differ to this statement.</p><p>&nbsp;No it does not have to have some record. But even if it did, as many people pointed out, the Roman Empire used Fiat.</p><p><br /></p><p>Why do they need this? The cotton sheets we carry in our pocket have no major use beyond being money. But it&#039;s still money.</p><p><br /></p><p>I&#039;m going to pick on you but it&#039;s only because you were the first person to really say it. At the end of the day, no matter how many of you say that fiat is worthless and silver and gold are the only way, still get a piece of paper from your boss that you take to the bank and get a bunch of pieces of cotton and use it to buy things. Until you can get over 50 percent of all the people who participate in the world economy along with most major banks and the world super powers that gold and silver is the way to go and you have a system that will work, we&#039;re using fiat.[/QUOTE]</p><p><br /></p>

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