“Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.”

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Originally said in English.

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About Porter Stansberry

Porter Stansberry is quoted here; further biographical details are not publicly available.

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"Historically, bad money always drives out good. Accordingly, if a cen…" — Porter Stansberry | Daily Quotes