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**nobodyhere** · 01-18-2012, 11:03 PM

Has anyone caught the absurdity here? Newt--a devious politician at best, advocating 'hard currency'? Isn't the whole point of fiat money that the politicans can spend it in unlimited amounts? All they have to do is authorize raising the national debt, and we can inject more fiat money into the system.

Isn't this a bit inconsistent with Newt's foreign policy? Go to war for Israel? How would you do that in a world where the money is backed by gold? And there were limits to how much you could borrow?

Can you see how Newt is exploiting the ignorance of Americans? Out of one side of his mouth he's preaching responsibility, and from the other side of his mouth he preaches unrestrained irresponsibility? Which is it Newt? Gold as money? Or War for Israel?

Hatha

01-18-2012, 11:03 PM	#5
nobodyhere Join Date Oct 2005 Posts 519 Senior Member	Has anyone caught the absurdity here? Newt--a devious politician at best, advocating 'hard currency'? Isn't the whole point of fiat money that the politicans can spend it in unlimited amounts? All they have to do is authorize raising the national debt, and we can inject more fiat money into the system. Isn't this a bit inconsistent with Newt's foreign policy? Go to war for Israel? How would you do that in a world where the money is backed by gold? And there were limits to how much you could borrow? Can you see how Newt is exploiting the ignorance of Americans? Out of one side of his mouth he's preaching responsibility, and from the other side of his mouth he preaches unrestrained irresponsibility? Which is it Newt? Gold as money? Or War for Israel? Hatha
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