The Mudcat Café TM
Thread #107962   Message #2243852
Posted By: Slag
24-Jan-08 - 03:17 PM
Thread Name: BS: The Value of Au
Subject: RE: BS: The Value of Au
Grab! Only making a point as to "fiat money". It has nothing behind it...but the entire US economy and system of doing things financially!!! I do resent our government's intrusive manipulation of the free markets and whatever the means of commerce any government will seek to control it. It's a stability issue. Consider it an aside..

If we were to revalue our currency the penny would have ten times it's value and once again merit its continued existence. Otherwise it looks like the nickle or maybe even the dime will be the new penny. And what happens to all those rounded off numbers? They go right into Uncle Sugar's pocket. AND I would imagine that we would be in for some new pricing of things (higher) over the demise of the cent.

But I do appreciate your input. I do want to see what others may think about this topic.