RE: If paper money was banned & silver & gold came back, what would happen?
February 28, 2015 at 8:10 pm
(February 28, 2015 at 5:05 pm)H2O Wrote:(February 26, 2015 at 10:03 pm)ChadWooters Wrote: Deflation.
That would be a great thing, I suppose.
Only if you think the The Great Depression was a good thing. . . That's what it was, a time of deflation or "hard money." Anyone who owed anyone anything would be in deep trouble as the dollars necessary to pay off the debt would cost more than the dollars borrowed. Both home owners and the U.S. government, not to mention small businessmen who rely on operating loans, would be in deep shit.
If there is a god, I want to believe that there is a god. If there is not a god, I want to believe that there is no god.
