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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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Here is a list of 6 states (4 in the last month) and (2 states today) that have pending legislation to authorize the use of gold and silver to settle debts with its citizens and to provide them the legal means to avoid the devaluing of the dollar by having a parallel currency in light of massive bailouts and to protect them in the event of the dollars failure.
Think in terms of how competition causes prices to drop while quality increases. The opposite occurs (higher costs and lower quality) when no competition is allowed to compete. If the law passes, then the dollar will either increase in quality (decrease cost) or the dollar will fail to compete and the "parallel currency" will win the competition.
Why would anyone choose a higher cost and lower quality product if that product is on the same shelf as a lower cost and higher quality product?