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<p>[QUOTE=&quot;fatima, post: 1366019, member: 22143&quot;]It&#039;s not a new problem.&nbsp; The availability of physical gold (or rather, lack of) is one of the reasons that it is a great store of wealth and it&#039;s been used for much of history.&nbsp;&nbsp; The way it was commonly dealt with was the value of gold was expressed in terms of the value of another metal, namely silver.&nbsp;&nbsp; This is where the common, but now misused, 16:1 silver/gold ratio came from.&nbsp; Then from there, other metals or other forms of currency can be set against that.&nbsp; In the US, nickels and pennies (nickel &amp; copper) were divisors of the silver dollar.&nbsp;&nbsp; As long as people could &quot;cash out&quot; then it doesn&#039;t change the electronic accounting that we have these days.&nbsp; </p><p><br /></p><p>What it does change is that it ends the government&#039;s ability, via it&#039;s Federal Reserve creation, to create money out of thin air.&nbsp; It essentially requires the government to limit spending to taxes collected.&nbsp;&nbsp; If they want to fight a war, then they have to raise taxes and/or sell bonds for it.&nbsp; It forces investment banks to have real reserve requirements.&nbsp;&nbsp; This is why, if these states start to make serious moves towards this, you will see any and every attempt made by the Federal government to stop it and the Constitution won&#039;t matter.&nbsp; They will walk all over it.&nbsp;&nbsp; </p><p><br /></p><p>This, IMO is why they cracked down on the Liberty Dollar.&nbsp; The name of the coin was irrelevant.&nbsp; The LD had setup the framework and had already gained a significant number of vendors who would deal in this currency.&nbsp; IMO, if this $ still existed there would be a lot of interest in it by now.&nbsp;&nbsp; The powers to be knew what was coming and suspected the same, this scared them, and the LD got cracked on the head.&nbsp;&nbsp; The entire process used was a travesty especially when one considers that $1.5B simply &quot;disappeared&quot; at MF Global, and not one person has been charged with breaking any law.[/QUOTE]</p><p><br /></p>

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