Quote Originally Posted by Coemgen View Post
This is why I'm in favour of some sort of standard for the USD (like the gold standard). I'd prefer my money's value to not be dependant on the government's say-so. I seem to recall something like that happening in Germany in the 1920's…
I completely agree. It causes me a great deal of concern that, basically, the only thing holding up the US Dollar is debt. And now, with the discontinuation of the M3 monetary index, subsequent "injections" of fait money, and the so-called "credit crunch", it seems to me money is being too rapidly created. This devalues the already existing dollars, as we see in the USD vs Loony or Euro.

Oh, and I trust the IMF even less than the Federal Reserve. Nor do I trust "paper gold", from what I've read a large number of gold leases are not backed by actual metal in a vault, but rather the oweing of such metal.

Sometimes I think the whole house of cards is on the way down.