[Leatherneck_MT]

I'm no economist so I don't begin to understand. But wouldn't putting our currency back on the gold standard and coining our money in gold and silver (like it should be) negate the effect of these countries "pulling their money"? Wish I understood more about how this stuff works.

[jec41]

I'm no economist so I don't begin to understand. But wouldn't putting our currency back on the gold standard and coining our money in gold and silver (like it should be) negate the effect of these countries "pulling their money"? Wish I understood more about how this stuff works.

In World War II we made countries pay in gold. After the war we owned 80% of all the gold in the world and 40% of its production. We quickly realized there is not enough gold in the world to base our economy.

[philman_36]

But wouldn't putting our currency back on the gold standard and coining our money in gold and silver (like it should be) negate the effect of these countries "pulling their money"?
Well, I'm no economics major either, but that sounds reasonable to me.

But what do we know, we're just Joe Sixpacks. /sarcasm