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Bill Fleckenstein recommends gold above all as a hedge against money printing from the Fed and the ECB. In one or two years you'll be thankful, he tells King World News : Tomorrow the Fed is probably going to bring QE3 and meanwhile Europe is in a state of disarray. All of that will sort itself out...
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Personally I'm thinking Islam (sans its ban on charging interest) is the religion most in-line w/ free market and voluntaryist values. For one thing, they use real money . Also, markets in the Islamic world were some of the freest in history. They didn't see the problems which arose in Europe...
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I heard a statement from Peter Schiff yesterday and I’m having some trouble thinking about it. The average Ford worker in Henry Ford’s era (1914) earned approximately $5 per day in wages – the equivalent of 1.25 ounces of gold per week. The average Ford worker today earns approximately...
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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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Is it more moral to use gold and silver as money than it is to use paper? I believe fiat currency is immoral and anti-philosophical. How would you make a moral case for gold as opposed to an efficiency case?
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I've been wondering for some time now why people don't currently use gold, silver, platinum, bananas, or whatever as a medium for exchange instead of dollars, euros, yen, etc. Are there laws in place forcing people to trade in dollars? There are plenty of other things available that could be...
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[quote user="Norak"]Wouldn't it be better to simply buy land in the country, stockpile on food, guns, water, and so on? You can't eat gold.[/quote] Possibly. However, not everybody can buy land or grow their own vegetables. Therefore, gold serves the rest of us who need to trade. The...
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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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i have recently designed the following course for my own use: rigourous introductory study centers around rothbard's 'man, economy, and state', via robert murphy's accompanying study guide as an auxillary map, and with mises' 'human action', 'theory of money and credit'...
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...