- Joined
- Jan 21, 2009
- Messages
- 65,981
- Reaction score
- 23,408
- Gender
- Male
- Political Leaning
- Undisclosed
You didn't answer the first part, who owns the money and as for the second part, silver and gold is silver and gold not money. Can you pay for gasoline with a gold necklace?
How working class of you to post that. The government can reduce debt by increasing inflation in many ways, including increasing the debt, massively "printing" more money etc. FDR seized gold specifically to deliberately cause inflation.
Gold and silver are hedges against inflation - that is the purpose of having it. If the value of money drops 50% by inflation, the value of gold and silver will probably increase by 75%. Among people with money, the less they trust the value of the dollar the more money that want to shift to gold, silver and platinum as a hedge against inflation.
But obviously you and most other progressive worker class Democrats on this thread don't understand the concept of inflation to begin with by your messages.