Thursday, March 17, 2011

Woah Nelly!

Mr. Titus desiring, nay advocating, a return to the gold standard... be still my beating heart. Ron Paul, Beck, Titus, all in sync? I'll just fly a pig next trip to NEPA, ha! (& yes, I caught the "gradual" part)

Kudos, on 2 fronts. The painstaking research you obviously engaged in, & the intellectual honesty to call your own position out. One quickly begins to calculate the additional value, in all areas of consumer activity, in moving from a declared value paper currency to one built on tangible value.

You acknowledged some of the benefits of unleashing the US dollar from gold, but in reality it simply alternated tethers... its worth mirrored in the frugality (or lack thereof) of the government which issued it. "Fiat" currency, 1 note is worth 1 dollar because "we say so" is the post 1971 legacy. And in an era of bailouts & trillion dollar deficits its clear to me that this government hasn't the ability to manage the worth of a currency that is unattached to any hard asset.

Nice work.

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