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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,758
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The Fed gets its cash from the member banks and they don't take capital from the federal govt. So you're sure they need to be gotten rid of but you don't know how they work? How bout something like to gold standard or even general trade? Who would take our new unit of currency?
When gold goes through the roof since the govt would have to acquire it to back this new unit of currency how would you prop up the domestic economy? How would you keep a handle on the new unit of currency when the gold market is free to do whatever it wants in the rest of the world? What about payment of our debt that already exists to other countries, there is not enough gold in the world to cover that?
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Last edited by trader220; 01-14-2008 at 11:28 AM..
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