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  • Finally a Silver Lining?  [View article]
    There's talk that WHEN the Second Great Depression is well on its way that our Government under the direction of President Obama/Federal Reserve will repeat the same fiscal policy that Franklin Delano Roosevelt enacted and that was a law enacted to prohibit the ownership of gold by private citizens and that all Americans who owned gold had to relinquish it back to our government. This will be the "gut" policy by the politicians to prohibit ANY chance of a "gold backed currency" and to enlarge the coffers of our government who will have the printing presses running 24/7 which will debase our fiat currency leading to the same debacle of hyperinflation experienced by the Germans during the Weimar Republic! NO currency/economy ever survives through printing money which debases its value as more printed money is in the total money supply of our country. When gold is then sought after by our government......what then will happen to the value of silver? Will silver then be the replacement for gold for barter/legal tender once our fiat currency is worthless?
    Jan 06 11:59 am |Rating: 0 0 |Link to Comment
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