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<p>[QUOTE=&quot;kevin McGonigal, post: 2374882, member: 72790&quot;]No modern state could tolerate a currency tied to a commodity like gold (or silver) because that would limit the amount of paper they could issue. A specie backed currency is limited to what specie reserves a country has. It imposes a discipline on the government that no government wants to adhere to. They much prefer a monetary system that allows them to spend whatever they want by legislating the increase and then creating the paper and now electronic and digital credits to pay for it.[/QUOTE]</p><p><br /></p>

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