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<p>[QUOTE=&quot;Cloudsweeper99, post: 1180135, member: 3011&quot;]Will creditors accept growing and unlimited quantities of perpetual debt that will never default but that can never be paid back as the condition of never defaulting?&nbsp; It&#039;s something you&#039;ll have to decide for yourself.&nbsp; If the issuance of additional debt was never a problem for government, why bother to end the gold standard?&nbsp; If issuing a trillion dollars in new debt makes no difference and doesn&#039;t cause a currency problem, why not issue $100 trillion?&nbsp; Or $1000 trillion?&nbsp; Or just pay off all personal and state debt with more Treasury debt [which will probably happen at some point to save the banks]? If it isn&#039;t currency there is no currency problem under your scenario.&nbsp; They seem to be doing this in Japan for a very long time with no bad side effects to the Yen.&nbsp; It&#039;s almost mystical.&nbsp; Why didn&#039;t anybody ever think of this before?</p><p><br /></p><p>We all have a problem in that virtually everyone alive today has lived most of their life in a fiat system.&nbsp; Schools don&#039;t even teach students how the gold standard operated prior to World War I except in a very general way that always ends with the Panic of 1907.&nbsp; Teachers can&#039;t even teach it.&nbsp; Antal Fekete is the only person I know who even bothered to write it down.&nbsp; Fiat is all we know.&nbsp; It seems normal, natural for money to depreciate and for the government to never run out of the stuff.&nbsp; It&#039;s almost as if everyone suffers from Stockholm Syndrome when it comes to money.&nbsp; People get uncomfortable when it is suggested that money should again be commodity backed or have some intrinsic value.&nbsp; It seems dangerous to limit money creation by the government.&nbsp; What sort of new idea is that?&nbsp; What happens if we run out of money? Won&#039;t terrible things happen?&nbsp; There isn&#039;t enough gold, is there?&nbsp; Most people prefer the 100% certainty of loss of purchasing power to the possibility that money could retain its purchasing power over time.&nbsp; Maybe it&#039;s because they secretly want to believe someone is in control of money, even if they know those in control are robbing them blind.&nbsp; It might be a prison, but at least they feed you in prison.&nbsp; Right?</p><p><br /></p><p>So I can say that it won&#039;t be business as usual, but I can&#039;t prove it.&nbsp; It has passed into the realm of ancient and forbidden knowledge.[/QUOTE]</p><p><br /></p>

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