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<p>[QUOTE=&quot;medoraman, post: 1256028, member: 26302&quot;]Very true sir, but there is a caveat to Gresham&#039;s law, (or at elast there should be), that both types of money have to be equally acceptable to the population. Gresham&#039;s law cannot operate when Item A is accepted as money, and Item B is not. If B is the current currency, but the population starts to reuse to accept it, then Item A very well can displace it. This has happened in history often, in fact it is a hallmark of a regime change. Often governments would debase their currency to the point of insolvency, and this helps fuel a revolution. The new regime coins good quality coinage since one of their points of the revolution was coinage quality. Then of course it always proceeds to debase the coinage anew. </p><p><br /></p><p>Anyway, this can be seen starkly in Chinese coinage, like a clock. The danger that maybe the Feds see is IF the populace stops accepting US currency as acceptable currency. In that light, their prosecution makes all of the sense in the world.</p><p><br /></p><p>Just a thought.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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