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<blockquote data-quote="StillQuazee" data-source="post: 2307999" data-attributes="member: 771328">Doesn&#039;t much matter which monetary system the country uses, the politicians screw it up. We had a value based currency until the great depression. Well, the first one anyway, Then good ol&#039; FDR does away with &#039;private gold ownership&#039; &quot;&quot;In this act of theft, the citizens of the United States of America were compensated at the &quot;official&quot; price of $20.67 an ounce. That was the &quot;official&quot; price of gold for 97 years. Following the confiscation, the dollar was devalued by 40% - and the price of gold was revalued upwards to $35 an ounce.&quot;&quot;&nbsp; http://www.reformation.org/roosevelt_confiscates_gold.html Now today&#039;s gold prices are $1,265 an ounce or so. How&#039;s that for your fiat monetary system making your dollar worth 1/60th of the value it was before the first confiscation?Then we have the other extreme where 0bama prints money 24 / 7 and &#039;borrows&#039; trillions for his porkulus spending bill, which such spending rates, if not brought under control by republicans next year, will lead to: http://www.telegraph.co.uk/telegraph/multimedia/archive/00780/zimbabwe-100-billio_780169i.jpgSample of what your &quot;stimulus&quot; tax dollars went to: http://www.cnsnews.com/news/article/75198 to teach African men how to wash their dix after having sex as a supposed &#039;prevention&#039; of AIDS. Well, I suppose that could be &#039;stimulating&#039; if done right, maybe?</blockquote>

[QUOTE="StillQuazee, post: 2307999, member: 771328"] Doesn't much matter which monetary system the country uses, the politicians screw it up. We had a value based currency until the great depression. Well, the first one anyway, Then good ol' FDR does away with 'private gold ownership' ""In this act of theft, the citizens of the United States of America were compensated at the "official" price of $20.67 an ounce. That was the "official" price of gold for 97 years. Following the confiscation, the dollar was devalued by 40% - and the price of gold was revalued upwards to $35 an ounce."" http://www.reformation.org/roosevelt_confiscates_gold.html Now today's gold prices are $1,265 an ounce or so. How's that for your fiat monetary system making your dollar worth 1/60th of the value it was before the first confiscation? Then we have the other extreme where 0bama prints money 24 / 7 and 'borrows' trillions for his porkulus spending bill, which such spending rates, if not brought under control by republicans next year, will lead to: http://www.telegraph.co.uk/telegraph/multimedia/archive/00780/zimbabwe-100-billio_780169i.jpg Sample of what your "stimulus" tax dollars went to: http://www.cnsnews.com/news/article/75198 to teach African men how to wash their dix after having sex as a supposed 'prevention' of AIDS. Well, I suppose that could be 'stimulating' if done right, maybe? [/QUOTE]

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