M
marianna=)
Guest
mccain or obama?
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L
lenabean54
Guest
Obama all the way.
F
FugQ2
Guest
Im voting for Nobama!
Change we cant believe in!
Nobama 08!
Hope,Change,Socialism
Change we cant believe in!
Nobama 08!
Hope,Change,Socialism
V
Veri Vocal
Guest
No doubt...Obama/Biden
I
It's me, Barry!
Guest
"Again, I disagree with what the majority of the American people want." ~ John McCain
http://www.youtube.com/watch?v=_FCxV5jonSw
"Neither Obama nor McCain has been able to get a foothold in this economic and political crisis."
http://www.marketwatch.com/news/story/failure-communicate----why-washingtons/story.aspx?guid=%7B6DB4C08D-809D-4B85-AFA1-AE317C8CC11F%7D&dist=msr_1.
In most cases, a fiat monetary system comes into existence as a result of excessive public debt. When the government is unable to repay all its debt in gold or silver, the temptation to remove physical backing rather than to default becomes irresistible. This was the case in 18th century France during the Law scheme, as well as in the 70s in the US, when Nixon removed the last link between the dollar and gold which is still in effect today.
Hyper-inflation is the terminal stage of any fiat currency. In hyper-inflation, money looses most of its value practically overnight. Hyper-inflation is often the result of increasing regular inflation to the point where all confidence in money is lost. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. Gold has replaced every fiat currency for the past 3000 years.
The United States has so far avoided hyper-inflation by shifting between a fiat and gold standard over the past 200 years.
http://www.kwaves.com/fiat.htm
http://www.youtube.com/watch?v=_FCxV5jonSw
"Neither Obama nor McCain has been able to get a foothold in this economic and political crisis."
http://www.marketwatch.com/news/story/failure-communicate----why-washingtons/story.aspx?guid=%7B6DB4C08D-809D-4B85-AFA1-AE317C8CC11F%7D&dist=msr_1.
In most cases, a fiat monetary system comes into existence as a result of excessive public debt. When the government is unable to repay all its debt in gold or silver, the temptation to remove physical backing rather than to default becomes irresistible. This was the case in 18th century France during the Law scheme, as well as in the 70s in the US, when Nixon removed the last link between the dollar and gold which is still in effect today.
Hyper-inflation is the terminal stage of any fiat currency. In hyper-inflation, money looses most of its value practically overnight. Hyper-inflation is often the result of increasing regular inflation to the point where all confidence in money is lost. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. Gold has replaced every fiat currency for the past 3000 years.
The United States has so far avoided hyper-inflation by shifting between a fiat and gold standard over the past 200 years.
http://www.kwaves.com/fiat.htm