Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: yarddog

They might only technically be “selling” the gold. They may be paying for the importation of necessities with it because they have no cash.


42 posted on 12/10/2013 8:23:59 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: arthurus

Yep, no hard currency (besides counterfeit US dollars). Theirs is worth nil.


52 posted on 12/10/2013 8:38:58 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 42 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson