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Do you want to remain off of the gold standard?

Do you want to remain off of the gold standard?

  • I don't care.

    Votes: 0 0.0%

  • Total voters
    8

Twilight Hue

Twilight, not bright nor dark, good nor bad.
It's not that fiat currency has "no backing", just that it isn't as obvious, and it can be more volatile.
Yet they keep on printing more fiat money like it's endless without restrictions or restraint.
 

Kathryn

It was on fire when I laid down on it.
I don't know, so please make an argument for returning to the gold standard.
 

Kenny

Face to face with my Father
Premium Member
It's not that fiat currency has "no backing", just that it isn't as obvious, and it can be more volatile.
I’ve always wondered just what is the backing of fiat currency, especially when all they do is “print more money and give it away”. At some point it translates into hyper-inflation.

If it is metal backing, though it can fluctuate, you have an asset whereas the other does not. Tell a bank that you collateral is just “print more money” and they will laugh at you. No… an asset is required. People don’t understand how volatile our system really is and it will bite hard sooner or later.
 
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