by Excited Qway-ai July 20, 2011
Get the Team Gold Teammug. "Gold standard promoters"
Ron Paul is not a promoter of some "gold standard", he's a promoter of using tangible commodities for currency. Gold happens to be a commodity that has been widely supported historically, so it gets much attention from Paul and investors in precious metals.
"claim that all fiat currencies have failed."
The claim is that all fiat currencies *eventually* fail.
"There are very few countries in the world that don't have fiat currencies, and their currencies have not failed, making the claim prima facie false."
Either you're arguing against yourself, or "their" was supposed to refer to countries *with* fiat currencies. Regardless, your argument is as unsound as claiming that humans are immortal because many humans are alive today.
"Please do your own research into the matter."
Please help us get started. Cite a reference, give us something to google. Otherwise you're copping out and hoping somebody else can support your claim for you, when you apparently can't yourself.
Ron Paul is not a promoter of some "gold standard", he's a promoter of using tangible commodities for currency. Gold happens to be a commodity that has been widely supported historically, so it gets much attention from Paul and investors in precious metals.
"claim that all fiat currencies have failed."
The claim is that all fiat currencies *eventually* fail.
"There are very few countries in the world that don't have fiat currencies, and their currencies have not failed, making the claim prima facie false."
Either you're arguing against yourself, or "their" was supposed to refer to countries *with* fiat currencies. Regardless, your argument is as unsound as claiming that humans are immortal because many humans are alive today.
"Please do your own research into the matter."
Please help us get started. Cite a reference, give us something to google. Otherwise you're copping out and hoping somebody else can support your claim for you, when you apparently can't yourself.
Fractional Reserve banking is the banking practice of conjuring money from thin air by loaning out money the bank does not have. A small percentage (a "fractional reserve") of each loan typically comes from depositors who are misled to believe their money will remain available to them upon demand, and the bulk of the funds come from merely recording an asset to the borrower and a liability on the bank in a ledger or database. The term purestrain gold seems to be a red herring intended to marginalize supporters of sound money
by Felipe Gaston August 21, 2011
Get the purestrain goldmug. Any tweet that is completely flabbergastingly humorous and shockingly hilarious, esp. from twitter account fake gold egg.
by Isotope Delicious January 27, 2014
Get the fake gold eggmug. You should make a dictionary where you put all these little definitions based of opinions together to give the true urban meaning of. A word,NAME, phrase
it should be based of this but
chosen for the most unbiased and thoughout definitions .
Should also do a urban dictionary just based off names some of these are out dated need to clean the system
it should be based of this but
chosen for the most unbiased and thoughout definitions .
Should also do a urban dictionary just based off names some of these are out dated need to clean the system
by Zapolodemaca April 22, 2017
Get the Urband Dictionary Goldmug. The soon-to-be worst Pokemon game ever made. Pokemon in general is horrible, both the anime and games.
by PokemonHeartGold August 11, 2009
Get the Pokemon Heart Goldmug. A terrible town that no one knows, it is a drive by town that people pass on their way to Stevens Pass in the Cascade Mountains. The town is full of rednecks and stoners. This is definitely not a place to raise a family. Do not go out at night, you might never be heard from again.
friend 1- "where do you live?"
friend 2- "Gold Bar Washington"
friend 1- "i am soo sorry"
friend 2- "yah, me too"
friend 2- "Gold Bar Washington"
friend 1- "i am soo sorry"
friend 2- "yah, me too"
by Hickette From The Sticks March 3, 2011
Get the Gold Bar Washingtonmug. " I was tired after the show, and he wanted sex, so I just have him fools gold so I could get some sleep."
by wendy14618 March 24, 2016
Get the Fools Goldmug.