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Title: Mad Dog Teaches Us About Economics
Source: http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=289236
URL Source: http://www.libertypost.org/cgi-bin/ ... rt.cgi?ArtNum=289236&Disp=4#C4
Published: May 14, 2010
Author: Mad Dog
Post Date: 2010-05-14 23:53:32 by Biff Tannen
Keywords: None
Views: 25844
Comments: 73

#4. To: jwpegler (#0)

ALL fiat money systems in all of human history have FAILED.

They ALWAYS will, because there is no intrinsic value to said currencies, and "trust me" just ain't gonna get it long term wise.

Fiat money systems are tools used by centralized power structures as a means of economic and political control.

Today an ounce of fine gold will buy about the same amount of goods that it would buy a hundred years ago, even though the dollar "value" of that ounce of fine gold has gone several orders of magnitude up through the roof.

This is a FACT of life.

Like gravity.

Mad Dog posted on 2010-05-14 21:23:51 ET


Poster Comment:

He's a fucking genius.

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#4. To: Abu el Banat (#0)

Today an ounce of fine gold will buy about the same amount of goods that it would buy a hundred years ago, even though the dollar "value" of that ounce of fine gold has gone several orders of magnitude up through the roof.

This is a FACT of life.

And that proves ....... inflation?

Skip Intro  posted on  2010-05-15   20:52:02 ET  Reply   Untrace   Trace   Private Reply  


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