Message:

<p>[QUOTE=&quot;medoraman, post: 1891183, member: 26302&quot;]&quot;You would make a good socialist politician&quot; and I am an &quot;enemy of true patriots&quot;? Calling me socialist anything is about the greatest insult someone could say to me short of insulting my heritage. As for being an enemy of true patriots, I served in a war for this country, what have do done for it, since I am such an enemy of true patriots?</p><p><br /></p><p>Getting back to the topic, so if you like a pm backed paper currency, doesn&#039;t that eliminate all of your other objections to things other than pm? If the paper can be backed by pm, why couldn&#039;t paper be backed by the national oil reserves? Why not, you know, all assets in the US that technically US currency is backed by? If you want paper backed by an asset, then fungibility and many other attributes you argue money must have are irrelevant, no? You are arguing against yourself.</p><p><br /></p><p>You seem so hung up on having &quot;real metal&quot; behind your currency. You do know at times the silver in a dollar of coins was worth like 30 cents, right? A dollar of nickels is worth like $1.20 today, so today is much better than 50 years ago for those who want &quot;real money&quot;.</p><p><br /></p><p>People PREFER paper money, and do not care about pm. Those are the statistics, and we are a democracy, so why do you believe a tiny minority has a right to dictate what the majority wants? If people cared they would have actually used gold coins instead of paper money when they could, but almost no gold circulated. Almost no one wanted them or cared it was &quot;real money&quot;.</p><p><br /></p><p>The USD is a medium of exchange, not a store of value. Use your USD to buy silver and be on your own private silver standard, problem solved.</p><p><br /></p><p>Sorry for the rant, but pm extremists remind me of that quote from Game of Thrones, &quot;they would see the world burn if they could rule the ashes&quot;.</p><p><br /></p><p>Edit: It had been a while since I looked up the price of nickels. I guess a dollar face now only melts for $.88, so I misspoke earlier. Still, its higher than what silver coins were for much of their existence, so the point still stands. Anyone who wants &quot;hard money&quot; should simply ask for their pay in nickels.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in