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<p>[QUOTE=&quot;InfleXion, post: 1890599, member: 29012&quot;]Metal backed currency cannot be printed out of thin air. The alternative being that corrupt politicians get to control our money and we suffer the hidden tax of inflation. It&#039;s not much of a question in my mind.</p><p><br /></p><p>Disregarding that epithermal deposition ensures that silver will continue to be mined in lesser quantiies and lower grades per equivalent labor and energy expenditure, no matter how much metal that could be found it still requires labor to get it out of the ground and refine it, and thus being a representation of labor any inflation in the money supply is offset by services (which money is a representation of in addition to goods) so the value wouldn&#039;t drop as much as you purport, because there was cost involved to procure it. It&#039;s not like silver would rain from the sky and suddenly dilute the supply with nothing to offset its appearance.</p><p><br /></p><p>We started out with a bi-metallic standard of gold and silver, and those were the actual dollars. We ought not to measure metals in dollars, but dollars in grains of metal, and other commodities by that standard as well. So it&#039;s not tied to one commodity, and more importantly the measurement of price is BY the metal as opposed to measuring the price OF the metal. So most of your questions are moot were things have remained as the founding fathers intended. I never said our currency should be backed by a single metal.</p><p><br /></p><p>We could just as easiliy add copper or the PGM&#039;s for a weighted basket, any metal would suffice, because they all fulfill the requirements of a unit of exchange and a store of value; fungibility, durability, portability, and divisibility, and being elements they cannot be fabricated or reproduced. Oil does not meet these requirements, namely portability and durability, nor does OJ or the other non-metal commodities you&#039;ve described. Even oil is reproduceable on a long enough timeline, but metals are not.</p><p><br /></p><p>Honestly I&#039;m surprised at your questions. I thought you would have known that only metals are real money, and that people need not own or desire to own metals in order to have a currency safe from manipulation. If we all got what &quot;the rest of us wanted&quot; we&#039;d be even deeper in debt than we already are. I for one am tired of the ignorance of others impacting the well being of everyone else. The fact that this is your concern highlights that you represent the popular opinion which got us into this quagmire. You would make a good socialist politician, but I find you to be an enemy of true patriots personally, as I find all those who support the power structures that oppress us, whether directly or indirectly, by promoting the usurious money they use to do so. There is a reason that the founding fathers placed the ultimate punishment on debasing the currency. They took it very seriously. We see now today the negative results of straying from that.[/QUOTE]</p><p><br /></p>

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