RE: If paper money was banned & silver & gold came back, what would happen?
March 2, 2015 at 9:09 pm
(This post was last modified: March 2, 2015 at 9:16 pm by The Grand Nudger.)
Dollars -do- have tangible value, as so beautifully expressed in every strip club, everywhere, any-when. Brief enough?
The depression began for farmers a full decade before it began for anyone else. Gold plates were worthless. All property was worthless. Nothing could return your investment, nothing could satisfy your interest. It was a major economic bubble (preceding the depression). An amount of money as large as the worlds current GDP (adjusted) vanished. The things that people owned sold for fractions of pennies. That's how tangible a dollar was, can be, and is.
The depression began for farmers a full decade before it began for anyone else. Gold plates were worthless. All property was worthless. Nothing could return your investment, nothing could satisfy your interest. It was a major economic bubble (preceding the depression). An amount of money as large as the worlds current GDP (adjusted) vanished. The things that people owned sold for fractions of pennies. That's how tangible a dollar was, can be, and is.
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