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<p>[QUOTE=&quot;mrbrklyn, post: 85481, member: 4381&quot;]No.&nbsp; This is UNTRUE, and has been UNTRUE since the time that commerce was conducted with Shekles, wieghts and scales.</p><p><br /></p><p>What is true is that starting with Alexander Hamilton, the debt of the US has been funded by a varrying degree on good faith and credit of the Federal Government.&nbsp; In fact, this caused a firestorm with Andrew Jackson administration when this genious of economics&nbsp; threw a fickle economomy into complete chaos by disolving the 1st US Bank.&nbsp; And then other the next century a lot of time was wasted arguing if the government should attempt to price fix silver and gold at various prices.</p><p><br /></p><p>Only an idiot with no education in economics would insist on a hard currency.&nbsp; First, no currency is truly hard unless you care to abandon uniform coinage all together. </p><p><br /></p><p>Secondly, you&#039;d need to toss out the entire FDIC and Banking insurance system.&nbsp; You have run on banks again.&nbsp; Wouldn&#039;t that be just so fun!&nbsp; Currently, the governement essentially guarantees the value of every single nickle in the economy because if there is a run on a bank, the government guarantees the money, even if it needs to print it.&nbsp; What are you going to do if you go onto silver?&nbsp; You&#039;ll need silver to back up ever savings account, and bank loan in the country.&nbsp; There is not enough silver in the world for this.&nbsp; And what a waste of silver, not to mention government funds!&nbsp; And lets all just pretend that sivler has &quot;real&quot; value! (sarc)&nbsp; </p><p><br /></p><p>Silver has the same &quot;real&quot; value that a paper dollar does.&nbsp; It&#039;s worth exactly the amount of abstracted money that the delussional population thinks it does.&nbsp; Quoting the practical uses of silvers use not withstanding, silver is nearly worthless.&nbsp; When you can buy a huge metal and steel swords for about $6 wholesale, without the desire for silver for traditional reasons, its highly unlikely silver would be even worth more than cooper or quartz.&nbsp; The value of martials in a strickly economic sense, especially something like silver, is of minimal economic value.&nbsp; And frankly, if silver got too expensive, industry would just use something else until the demand let up and silver still had no value.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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