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I've done a bit of thinking on the subject, and have come to the conclusion that paper currency is unnecessary. Why do we need something called a "dollar" or a "peso" or a "euro". Why can't we simply trade precious metals in the form of coins or bars? They need not...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...