[e-gold-list] Re: Clear thinking

[The Phoenix Dollar]

Hello Listsf245,


> Each day the government's central banking authority determined
> how much fiat currency was needed to purchase gold backed
> currency.

> I don't know what kind of affect the above scenario has on
> anyone else, but I certainly know the kind of affect it
> had on me. I guess that's why my savings tend to make a
> distinctive clinking sound when they land on a table somewhere;-)

> I wonder how the author of "Eumeswil" came up with this model?

Technically this is the model of the United States up until 1972 is it
not?

> I wonder how a dictator would view privately owned and operated digital
> currency 100% backed by gold?

That depends on the dictator. A benevolent dictator is better than our
current system.



-- 
Best regards,

Gordon


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