Originally Posted by SodFarmer
That point being that EVERY FIAT CURRENCY IN THE HISTORY OF THE WORLD HAS FAILED. link: http://www.rapidtrends.com/examples-of-f...us-repeat-this/ Below is an exerpt from the article:


I checked your link and they count changing from fiat to gold backed currency as a failure of fiat currency even though the country survived. By that SAME standard, changing from a gold backed currency to a fiat currency is a failure of gold backed currency. Being there are no gold backed currencies anymore, it's valid to say that EVERY GOLD BACKED CURRENCY IN THE HISTORY OF THE WORLD HAS FAILED.

Originally Posted by SodFarmer
With all due respect, your reasoning for discounting the similarities between the two charts is totaly without merit.


One is a real physical commodity who's price is established by the market and the other is the number of fiat dollars which have no physical existence and who's quantity is set by the Fed. If you think the two graphs are the same, then yes we are at an impasse.