LoveIsTruth wrote:
One more thing, there is nothing wrong with a global currency as long as it is voluntary. Gold and silver, historically have been such global, voluntary currency, because it has intrinsic value that can neither be conjured out of nothing nor manipulated by the government's printing press, and therefore, does not need the coercion of government to be accepted, and because 100% commodity based currencies are the most honest and the most stable currencies known to man. So global, does not automatically means evil. If it is global Liberty, I am all for it. But if it is tyranny, whether global or local, I am against it. Unbaked fiat money is tyranny, because it cannot exist without government coercion, which is precisely the reason it cannot exist when Free Competition in Currencies is present.
I think the main key to a free market is a voluntary currency system that allows those involved in exchanges to choose their form of currency, even barter, without taxation or intervention by any State entity.
Gold and silver, (and in general, 100% commodity based money), is the currency of free people. Unbacked fiat paper is the money of slaves.
It's pretty much that simple, but so hard for the majority to wrap their hands around the concept. The US currency has the word liberty minted onto each coin, yet fails to uphold that idea without a physical resource backing it up. And it's getting worse every year...
Barter has been and currently is globally accepted too....doesn't mean its wise (economically sound) to stick with it.
Original Page: http://www.ldsfreedomforum.com/viewtopic.php?t=11035&p=258522#p258522
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