Persuasive counter-argument. Lucid presentation. Most impressive. You must be very well educated. I am humbled.
as long as the us military is in play, the dollar will never fall out of favor, no matter how many trillion in debt it is.
As was yours = deflationary fear-mongering bullshit. But please, enlighten us. Explain, in detail, how a deflating currency equates to industrial collapse.
Well, I believe you were the one who wielded the "bullshit" label. In my experience, the burden is on the accuser to provide supporting evidence for his/her accusation. But perhaps your experience differs. In any event, no worries: I couldn't care less.
"gold standard = deflationary monetary policy deflationary monetary policy = industrial collapse" please provide historical evidence.
Excellent point. There is none. Just as there is no precedent for our debt-saturated global economy. Problem is, deflation makes debt more expensive, and debt service more onerous. Which means, in these hyper-leveraged times...well, bad things. I can't imagine what William Jennings Bryan would have made of it. [edit: on second thought, actually, I can...]
Just saw this. Sorry, totally confused. I did not make a "claim" on anyone's rights or property. How, then, am I a "claimant"? Also, who's Corky? Thnx.
please forgive achilles, he's probably a little out of sorts because that last claim he made still looks a little ridiculous. If he was a gentleman, he would have politey asked (and since he isn't or won't I will) How is a gold backed currency deflationary? And how will that lead to industrial collapse? (corky his imaginary nemesis)