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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="fatima, post: 1363161, member: 22143"]A century ago, 100% of the commerce in the USA took place with silver & gold coin, or certificates that could be redeemed for these coins i.e what you call "commodity bartering".</p><p><br /></p><p>It's not unusual or weird as your question would purposely lead one to believe.</p><p><br /></p><p>On the commentary about the Wiemar Republic, the Republic used one of the most stable currencies in Europe, the Goldmark. During WW1 & war reparations to the allies crushed the economy and the people were forced onto the fiat papiermark and that is when the hyperinflations started with the paper notes. Eventually these were replaced by the Nazi Reichmark. During this time, the people who held onto the gold & silver Goldmark could use them to maintain purchasing power on the black market. So yes, it existed.</p><p><br /></p><p>It should be noted the Nazi knew exactly how the Reichmark was going to fail (due to the interest) and their plan to address it was to bring in slave labor from captured countries to keep the economy ahead of it.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1363161, member: 22143"]A century ago, 100% of the commerce in the USA took place with silver & gold coin, or certificates that could be redeemed for these coins i.e what you call "commodity bartering". It's not unusual or weird as your question would purposely lead one to believe. On the commentary about the Wiemar Republic, the Republic used one of the most stable currencies in Europe, the Goldmark. During WW1 & war reparations to the allies crushed the economy and the people were forced onto the fiat papiermark and that is when the hyperinflations started with the paper notes. Eventually these were replaced by the Nazi Reichmark. During this time, the people who held onto the gold & silver Goldmark could use them to maintain purchasing power on the black market. So yes, it existed. It should be noted the Nazi knew exactly how the Reichmark was going to fail (due to the interest) and their plan to address it was to bring in slave labor from captured countries to keep the economy ahead of it.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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