Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RC one

****Platinum, gold and silver would seem to be the most stable and reasonable backing. The problem with a gold standard is, of course, that nations holding our currency would immediately seek to exchange their dollars for our gold and our gold supply would quickly disappear. Is that a problem? probably. The bigger question, how would this affect our national debt and our pending budget deficits which are the real anchors holding this economy back. It’s worth investigating but not something I would enter into casually and without serious weighing and measuring.****

Then the only way out is to crash the whole worlds economy and start over with commodities backing a US currency. The biggest problem with that is the call One Worlders for a single currency for all nations. That and there would have to be either a huge war to settle differences, or mutual agreement that all debts are forgiven.


42 posted on 01/19/2012 5:14:27 PM PST by ResponseAbility (Islam...Imperialism in a turban.)
[ Post Reply | Private Reply | To 33 | View Replies ]


To: ResponseAbility

*from One Worlders*


43 posted on 01/19/2012 5:17:30 PM PST by ResponseAbility (Islam...Imperialism in a turban.)
[ Post Reply | Private Reply | To 42 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson