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Monday, February 22, 2010

Pegging the dollar

Pegging the dollar to the price of gold or the us dollar is questionable as 10,000 dollars of gold can be smuggled and the same goes for the dollars. It doesn't rot or deteriorate and can be stored indefinitely. Now if Australia would link its currency to wheat .... Try smuggling 10,000 dollars worth of wheat into a country and it lands on the docks and it can be left to rot there. Not worth it is it!!!!! Then there is the problem of theft its hard to put all that wheat into a bank vault. Its not worth stealing and the speculators now have a job to move the stuff . If you were a small pacific country then your dollars would be linked to coconuts. Middle eastern economies would link there currency to oil..
.Now if all the people where on the rock and roll (dole) that would do away with Centre Link and the people who manage the system and the need to see who is getting more than there share.This would do away with half of the government non workers and state governments. Then people would work to better them selves not to survive....I thank one of my family for this post and its ideas.

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