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Old 09-16-2007
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Member Since: Mar 2004
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Re: Article: Hillary Clinton: I Will Change Our Country

Quote:
Originally Posted by DGG View Post
Then again, why do we need gold? The purpose of money is not to be able to buy or sell gold, but to buy and sell things we can use. Money is not gold, gold is not money. As a matter of fact, over the last decades the price of gold has been steadily shrinking on a long term basis, versus the price of most countries' money. Thus, it has been better to have a currency that is independent of the price of gold during this time.
You might as well ask why should we have our accounts in order.

It's certainly been profitable for the few to have an arrangement where money is printed to make up for accounting imbalances but isn't this antithetical to the tenets of capitalism?
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