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To: discostu

Again you completely miss the point.

The need for gold as a backup for money is t keeps governments from printing money at the rate our government prints it.

It is the only way to bring sanity to the budget process.

A required gold reserve would also end the fallacy that the government can manage the economy. The record demonstrates that the Federal Reserve has done nothing more than harm, upset and render business and personal planning very difficult.

The Federal Reserve is a scam in the same class as the wu-flu and global warming/climate change.


20 posted on 07/08/2023 7:50:47 PM PDT by old curmudgeon (There is no situation so bad that the federal government can not make worse.)
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To: old curmudgeon
The need for gold as a backup for money...

See 21. Since actual money IS gold and silver coin what is there to back up?

22 posted on 07/08/2023 9:16:33 PM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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To: old curmudgeon

But it doesn’t. Because how much money the government prints doesn’t matter. We have fractional banking, and it’s computerized. The government doesn’t even make most of the money in the economy anymore. Gold reserve was a lie. Wanting to go back to a lie is dumb.


28 posted on 07/09/2023 6:50:11 AM PDT by discostu (like a dog being shown a card trick)
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