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<p>[QUOTE=&quot;InfleXion, post: 1634680, member: 29012&quot;]There&#039;s really not much difference in this case. Delusion is the same as perception, and in some cases perception is reality. Although I typically dislike that phrase, it is what it is. Value is whatever the collective human consciousness decides. If everyone believes in the delusion it is no longer a delusion but is in fact reality as long as reality doesn&#039;t fight back. If we all believe we can fly for example that doesn&#039;t mean it&#039;s true, but if we all agree gold is money then it is. Currently we are amid an information war about what money is because there are many vested interests on both sides. </p><p><br /></p><p>I am focused less on whether the supposed delusion is real or not, and instead focus on what history has shown to consistently be the case. Gold has been money for all of human history until 40+ years ago, and that only changed because we couldn&#039;t pay up, and it was only in a position to change because silver had already been demonetized, and silver was only in a position to be demonetized due to Gresham&#039;s Law because Alexander Hamilton enforced a fixed GSR instead of allowing the free market floating exchange ratio to do its job. It was actually a very carefully crafted multi-generational plan and people don&#039;t seem to realize that, and it only took 16 years after the founding of the USA for the powers we earned our freedom from to begin to take our country away. </p><p><br /></p><p>In my perception, history has a much stronger case than fiat. Although I do not agree with you that it&#039;s a delusion, because of the 4 rules of a unit of account and store of wealth, but it doesn&#039;t really matter anyway because it will be whatever we decide. I feel strongly that history will win out, and I am hoping it will win in my lifetime, but if not then it will be a gift to someone else.[/QUOTE]</p><p><br /></p>

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