Monetary insanity. Right. It's not like we owe 16 trillion to a made up bank and China or anything.
yes, basing your monetary supply on how fast we can dig arbitrary metals out of the ground is insanity. as i understand it, even paul acknowledges that. still, you listen to him talk, and you can't help but think that right beneath the surface his goldbuggery is still lurking, ready to spew out in any moment of weakness.
I've always laughed at the fiat v. specie based money supply argument. One side says money is worth something because the government says so, the other wants some collateral. You tards can pick your side to that argument and call each other tards.
HOWEVER, to say gold is an "arbitrary metal" is beyond Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!). goodness gracious Sys
All those "crazy" gold hoarders are sitting on an "arbitrary metal" worth $1600 p/oz in useless/perfectly valuable currency. . .