The Mudcat Café TM
Thread #115371   Message #2469495
Posted By: Bobert
18-Oct-08 - 08:31 PM
Thread Name: BS: The Crash of '08
Subject: RE: BS: The Crash of '08
So is dog poop, LH... No, gold and silver have little real value other than what people artifically assign to them... Just because they are scarce doesn't mean that we should be assignin' value to them... Eastern box turtles are scarce, too... Why not tie currency value to them???

This is about the most archaic argument that has ever been perpertrated on mankind... It is primative... Why not bones???

This is a modern world and currency is as artifical as anything that can back it, be it turtles of gold... Currency has at it's source trust... Gold doesn't change that... One country could have all the gold and guess what??? Ya' give... Not be worth a plug nickle unless mankind assigns value to gold...

Come on, LH... You know better than to expose very old school economics... Time to get in the Nova and drive it over the bridge into the modern world...

I love ya'z brother but you are need to re-examine some stuff that no longer makes sense and a gold standard is one of them...

That dog not only don't hunt but it's been dead an' gone for decades and diggin' it's bones up and tellin' them to go hunt ain't gonna get it...

B~