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To: PGR88

The value of a currency is determined by what it will buy not a government “fiat”. That is an incorrect though common misunderstanding about what currency is. It is a FAITH currency.

It matters not what the government says a currency is worth just the fact that the user has faith that it is worth something.

When the currency is truly a fiat currency it will be replaced by a more trusted instrument: gold, silver, jewels, property, etc.


20 posted on 12/06/2018 11:22:15 AM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: arrogantsob

Money, which represents the prose of life, and which is hardly spoken of in parlors without an apology, is, in its effects and laws, as beautiful as roses.

Ralph Waldo Emerson


22 posted on 12/06/2018 11:28:53 AM PST by PGR88
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