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<p>[QUOTE=&quot;johnmilton, post: 3411816, member: 101855&quot;]The biggest financial problem that future generations will face is the national debt. There we are in agreement.</p><p><br /></p><p>Fiat currency is not the problem. If you have ever had a macro economics course in college one of the concepts that you should learn is that the &quot;commodity theory of money&quot; is invalid. If the paper money can buy the same or more goods than the precious metal that backs it, few people will redeem their paper. If the precious metal becomes more valuable that the paper, people will rush to redeem the paper, and the system will collapse.</p><p><br /></p><p>One of example of this ocurred during the Civil War for the Union side. The Union could not re-establish the gold standard for two decades after the war.[/QUOTE]</p><p><br /></p>

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