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Reader comment on:
A ‘Unique’ Form of ‘Terrorism’

Submitted by John Joyce, Mar 22, 2011 18:13

Imagine that our currency was linked to either or both gold and silver gram measurements. In that case would the currency then be tied to fluctuations in the metals market? Would the conversion be specified at the amount of precious metal purchasable by each paper denomination in use? For example today my dollar would be equivalent to the fractional weight of gold/silver which it could purchase on the market. If the metals market rallied my dollar would increase symbiotically and if the market plunged so would the value of my dollar.

It seems it all boils down to having faith in the system to reward our labor and investments with amounts of currency commensurate with our efforts and the value of our investment. Gold’s value is largely symbolic and based on scarcity. Gold’s metallurgical characteristics create a tension as when utilized in manufacture and adornment it is unavailable for currency back-up.

Life is change not stasis. It seems you argue for stasis in linking the diminishment of a weight standard with the flagrant printing of currency. Should we find a less volatile exemplar by which to standardize weight we will more deeply enshrine a constant value but volatility is the very nature of the modern marketplace and as such seems to belie our attempts to stabilize our currency.

What benefits do you believe will emerge should your ideas be made into policy?

Jack Joyce

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Other reader comments on this article

Comment	By	Date
Lest we forget, there have been a whole host of others at the Fed who, over the years, preceeded Uncle... [MORE]	Jon Metes	Mar 23, 2011 23:04
We are now indentured servants to a government that must encumber all our future income so it can pay the... [MORE]	theBuckWheat	Mar 23, 2011 14:34
The Sun,You should mention in your article that Bernard Von Nathaus sought the opinion the Secret Service, the FBI, the... [MORE]	SaveBernard	Mar 23, 2011 13:13
Another example of the overreach of the Feds. They can't get this guy on conterfeiting changres as he never claimed... [MORE]	John Steele	Mar 23, 2011 11:28
Imagine that our currency was linked to either or both gold and silver gram measurements. In that case would the...	John Joyce	Mar 22, 2011 18:13
Bravo to this main stream newspaper for printing this story! It's about time that we get some real news out... [MORE]	Nyquil762	Mar 22, 2011 12:00
The true cause of rising Gasoline prices at the pump-> Is NOT 'political unrest' as is generally aserted by the... [MORE]	Jesse Califano	Mar 22, 2011 11:12
Many comments above have already expressed my sentiment about the article... now if we could just get more papers to... [MORE]	MidnightBlue	Mar 22, 2011 00:16
Assigning 'real value' to gold or silver is just as arbitrary as assigning it to fiat currency. Precious metals are... [MORE]	Tom	Mar 21, 2011 14:13
This editorial is exactly RIGHT. You let the money printers off easy. Next story talk about the Coinage Act of 1792.... [MORE]	Johnny Dangereaux	Mar 21, 2011 21:13
Tom's comment that values cannot be assigned to gold and silver is just that. Gold is not only COMMODITY BUT... [MORE]	Reed	Mar 22, 2011 16:02
"If the American people ever allow private banksto control the issue of their money,first by inflation and then... [MORE]	Brian	Mar 21, 2011 09:15
"When plunder becomes a way of life for a group of men living together in society, they create for themselves... [MORE]	Pat Fields	Mar 21, 2011 07:26
It's essentially nationalized slavery and we are born into it. The classic argument is that nobody is 'forcing' us to... [MORE]	Steven Hammock	Mar 21, 2011 04:47
Surely the loss of Americas Wealth through inflation would more accurately be described as Domestic Terrorism, instigated by Chairman Bernanke... [MORE]	Giles	Mar 21, 2011 04:22
Thank you for a news story that is not biased and tells all sides. Keep reporting and I will keep... [MORE]	Betty Mulvihill	Mar 21, 2011 01:09
it's a good editorial, and i think the point is well made. it is NOT a news story, however, which... [MORE]	Hugo First	Mar 21, 2011 09:41
It is a shame that most people won't even bother to read and understand what this article means to them,... [MORE]	Angel	Mar 20, 2011 23:41
END THE FED [MORE]	Andy Jackson	Mar 20, 2011 22:28
I tried to send you a extended congratulatory not but was cut off in the middle. Neverless great job. You... [MORE]	Gerald T Cullen	Mar 20, 2011 22:17
The founding fathers must be turning in their graves at this one, shame on the court for killing off yet... [MORE]	Richard Harrison	Mar 20, 2011 21:25
FINLALLY, a newspaper with the integrity to point out what millions of Americans have already recognized - that our government... [MORE]	Louis Nardozi	Mar 20, 2011 20:56
Bravo, Louis Nardozi. I could not have stated it better. As Ayn Rand so presciently said: The only power any... [MORE]	belle	Mar 21, 2011 11:09

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