old news bud.
what you said does not take down what i've said.
no matter what we use as a currency, turds - bottle caps - gold coins (that get debased just like paper, look at roman history to get a clue) and realize that its confidence, and nothing more.
again the term i used was mandrake mechanism, if you're gonna sit and talk about it, be informed about what you're saying.
the fractional reserve ratio int he united states is 9:1 - meaning for every one physical dollar in circulation - 9 digital ones exist. But all of this involves complex tangents that i do not care to discuss.
Again - if you think gold and silver is the 'savior' of your problems, you are sadly misinformed. The problem again lies with fractional reserve lending AND interest - charging more for what you never lent. Einstein discovered that E=Mc2 doubles time, or compound interest - given the size of loans to governments, all loans will default because the interest will outpace the principal...
The simpler term for this is usury - and when we lend what we don't have - eventually one day the scheme becomes exposed. So again - it wouldn't matter if its round gold coins that eventually become displaced with a 'filler' version, then a debased lesser grade (AU->AG->CU->Ni->etcetcetc)
