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<p>[QUOTE=&quot;weryon, post: 608459, member: 17622&quot;]<span style="color: black"><font face="Verdana">Wow weryon so from what I read in your posts, it is okay for the government to turn their printing machines on 24/7, but if Miss B buys a 400,000 dollar house or someone needs a rolex to boost their ego they are the bad guys or the problem with our economy?</font></span></p><p><br /></p><p><b><span style="color: black"><font face="Verdana">I had no idea that this is what my broken down English has leaded you to believe. It’s not okay to print out money to fund war and many useless government endeavors, but peoples frivolous spending and the banks idiotic investments have led us here, everyone is responsible….</font></span></b></p><p><br /></p><p><br /></p><p><span style="color: black"><font face="Verdana">As long as we are producing I.O.U.&#039;s all any of us are doing is trading debt the sad part is that it is a vicious circle that ends in hyper inflation. We have all heard stories from elders in one fashion or another about what a buck would buy when they were a kid, and for the most part it is a funny story. The truth of the matter is that same buck today won&#039;t buy as much because things are so expensive, but because the buck has lost its purchasing power.</font></span></p><p><br /></p><p><b><span style="color: black"><font face="Verdana">This is inflation and it’s very normal and necessary. Yes your grand dad could buy&nbsp; a car for 800 bucks , but he also made 8 cents a hour…. But the thing is your grand dad saved up and didn’t try to buy a one million dollar home on his poor salary , he made due with what he had… something that is unfamiliar to today’s populous</font></span></b><span style="color: black"><font face="Verdana">&nbsp; </font></span></p><p><span style="color: black"><font face="Verdana"><br /></font></span></p><p><span style="color: black"><font face="Verdana">As a further experiment my challenge to you is this take 1 ounce of gold and 954.60 cents anywhere in the world convert both to that currency and see what gets you the most of that countries currency. (The dollar amount is based on our price of gold at time of this post.) I think then you might understand the importance of having money that is backed by more than a promise. </font></span></p><p><br /></p><p><b><span style="color: black"><font face="Verdana">Not too sure what you are talking about here… but I have 1 oz of gold at 954.60USD and I have 954.60USD and I was to convert both to CAN funds I would end up with approximately the same money if I was to exclude the transaction fees.</font></span></b></p><p><br /></p><p><b><span style="color: black"><font face="Verdana">How could we back up currency with cash when there is not enough precious metal to represent America’s situation? Let alone the rest of the world….</font></span></b>[/QUOTE]</p><p><br /></p>

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