Wednesday, March 09, 2005
The nations of the world are competing to devalue or inflate their paper currencies. They purposefully reduce the value of their fraudulent paper money in order to gain an export advantage when considering trade with other nations. If taken to the extreme and most logical conclusion, it is a race to return to a gold standard, and the nation, or state, that gets there first, wins. If you devalue the excess paper money that has been created to excess, you have basically returned to a gold standard. Thus, those nations and states who use gold as money first, will ultimately be able to attract and earn the most real wealth, gold and silver, while others are pursuing the false dreams of fraudulent paper currencies as wealth. [gold-eagle]
Fine Print: He who dies with the most toys is still dead.