...free market already chose fiat. We as a people (not the elite) don't have the gold and silver.....so unless you plan on robbing them and distributing equally to the masses...LoveIsTruth wrote:Where did you get these numbers? Who said HALF of the people needs to mine? Much smaller percentage on average usually mines. A lot of gold and silver is already above ground. Besides, it is Free Market that decides what percentage of people mines, not you.Jason wrote:...so half the people mine just so the other half can have money??? What sense does that make???
...now if they were mining to build the kingdom (build buildings, infrastructure, etc - i.e. production) it would be a different story....but just to have money? ...the crack pipe economically imo ....not to mention restricting rate of growth to mining operations....along with control of the money
If you start from zero....every ounce in circulation has to come out of the ground or be purchased (with what) from the miners who get it out of the ground. Then the labor captured in the metal is dormant for the rest of its life as money.....produces nothing. Zero value added!