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<p>[QUOTE="Cloudsweeper99, post: 89673, member: 3011"]<a href="http://www.constitution.org/mon/greenspan_gold.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.constitution.org/mon/greenspan_gold.htm" rel="nofollow">http://www.constitution.org/mon/greenspan_gold.htm</a></p><p><br /></p><p>Ruben, you are free to believe what you wish, and it was never my intention to open closed minds; just give open minds a starting point for further investigation. It doesn't impact me either way. I'm just offering up a little economic history free of charge to anyone who cares to investigate it further. Frankly, I'm not sure why some people feel compelled to surpress it as if it were threatening to them. Alan Greenspan has stated in a number of times in his testamony before Congressional committees that it is a function of a central bank to mimic a gold standard in the management of the currency. As late as the 1980s, various economic thinkers were still expressing the opinion that it was still uncertain whether the experiment of using fiat currencies would succeed or fail, therefore making it prudent for central banks to retain a gold and/or silver reserve if the need arose to return to a hard money standard. The number of countries with failed fiat currencies continues to grow. [I believe Turkey was the latest casualty, with the old currency being retired as completely worthless last year.] Therefore, the link above to an editorial penned by Greenspan before he was placed in charge of the Federal Reserve should come as no surprise to anyone who has paid attention this far [perhaps nobody]. If you want to believe the nonsense that gold and silver currencies never worked anyplace at anytime, and would cause some sort of economic chaos, feel free to do so. But to label it misinformation and lies and to illogically try to tie economic history to your pharmacy experience is just an obvious attempt to disparage something you don't understand. I suggest permitting others to just investigate the facts of history even if you don't care to, and draw their own conclusions. That's what freedom of thought is all about.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 89673, member: 3011"][url]http://www.constitution.org/mon/greenspan_gold.htm[/url] Ruben, you are free to believe what you wish, and it was never my intention to open closed minds; just give open minds a starting point for further investigation. It doesn't impact me either way. I'm just offering up a little economic history free of charge to anyone who cares to investigate it further. Frankly, I'm not sure why some people feel compelled to surpress it as if it were threatening to them. Alan Greenspan has stated in a number of times in his testamony before Congressional committees that it is a function of a central bank to mimic a gold standard in the management of the currency. As late as the 1980s, various economic thinkers were still expressing the opinion that it was still uncertain whether the experiment of using fiat currencies would succeed or fail, therefore making it prudent for central banks to retain a gold and/or silver reserve if the need arose to return to a hard money standard. The number of countries with failed fiat currencies continues to grow. [I believe Turkey was the latest casualty, with the old currency being retired as completely worthless last year.] Therefore, the link above to an editorial penned by Greenspan before he was placed in charge of the Federal Reserve should come as no surprise to anyone who has paid attention this far [perhaps nobody]. If you want to believe the nonsense that gold and silver currencies never worked anyplace at anytime, and would cause some sort of economic chaos, feel free to do so. But to label it misinformation and lies and to illogically try to tie economic history to your pharmacy experience is just an obvious attempt to disparage something you don't understand. I suggest permitting others to just investigate the facts of history even if you don't care to, and draw their own conclusions. That's what freedom of thought is all about.[/QUOTE]
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