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Old 02-15-2012, 08:10 PM   #27
pavilionnotebook

Join Date
Oct 2005
Posts
527
Senior Member
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The current "debt" as we all know is a purposefully inflated falsity. Based on fake money, with fake interest, divided up into a million fake versions of fake debt (Derivatives, etc) and leveraged for more fake debt.

I just don't see how a gold standard can be enacted unless the FED is dismantled, fiat is totally discontinued and destroyed, and the fake "debt" is totally forgiven. We would need a clean slate. Even then, a majority of families out there don't own any PMs, so what about them? How would they pay their bills, etc?

I am so weak when it comes to ecomonics. I just don't really get it. Is there a simple solution?
I know I sound like a broken record here, but Freegold is a simple solution. It works even with a Federal Reserve Banking system...fiat and all. Paper money is not the problem. It's the store of value function of money that ruins a monetary system because debtors are rewarded and savers are punished and the end game must therefore be the hyperinflation of a collapsed currency.

Read FOFOA and you will get the gist of it. Freegold is so simple it is almost hard to believe.
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