Thus said Grant Shipley on Sun, 18 Sep 2005 19:43:48 MDT: > Some argue that if the economy were to colapse, the only currency that > would be worth anything (other than food), would be gold and > silver.=20 I will let Andy B. expound more on this if he desires.
I suppose that would depend entirely on the degree of the collapse and the amount of information the public has. People can sometimes outwit even the likes of Alan Greenspan and his printing presses. Oh, and for a good read on gold and sliver that may be more convincing than anything I could ever write: [What Has Government Done to Our Money] http://www.mises.org/money.asp [Honest Money] http://www.financialsense.com/editorials/2004/1020.html By the way, how many of you know what a dollar is? How about what the Constitution defines as a dollar? Have there been any constitutional amendments ratified that change what a dollar is? Or does the dollar actually have a fixed value, much like an inch is always an inch, a foot, always a foot, a pound always a pound, etc... Clearly the the Federal Reserve Notes, which most assume is a dollar, have lost 95% of their purchasing power since 1933, so this can't be the dollar for which Congress was given power to coin, regulate and fix the *standard* of weights and measures. Grant, by pulling me into this OT, I expect you to read the assignments listed above. ;-) Andy -- GnuPG ID 0xA63888C9 (D2DA 68C9 BB2B 26B4 8204 2219 A43E F450 A638 88C9) [-----------[system uptime]--------------------------------------------] 9:34pm up 90 days, 6:12, 2 users, load average: 1.00, 1.00, 1.00 /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
