If bankrupt Greeks can use "TEMs" as an alternative currency in the world of barter, then it's not much of a stretch to imagine gold and silver as viable currencies--with a much longer history than any other current paper currencies. As I've blogged in the past, during times of war and/or financial crisis, whiskey and cigarettes were legitimate currencies. In American prisons, cigarettes and postage stamps are traded as money. Please watch this video.
http://youtu.be/RI38zFz9WTM
Wednesday, April 18, 2012
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