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

To: fhayek

“You could look at a chart, or you could listen to the whir of the printing press. Your choice”.

...exactly! We’re printing enough money to place us in the same position as Germany in the 20’s. Worthless. We’ll probably lose our AAA rating in the next 2 years as well. On the other side of the coin, what do you do with gold if paper money becomes worthless?


5 posted on 01/01/2011 2:59:26 PM PST by albie
[ Post Reply | Private Reply | To 2 | View Replies ]


To: albie
On the other side of the coin, what do you do with gold if paper money becomes worthless?

Ummm, use it as what it really is: Money.

38 posted on 01/01/2011 6:45:04 PM PST by Erasmus (Personal goal: Have a bigger carbon footprint than Tony Robbins.)
[ Post Reply | Private Reply | To 5 | 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