Quote:
Originally Posted by David Newman
This could very well be the case, my concern is that although honesty is an excellent attribute, it doesn't do us much good if his ideas won't help and I feel strongly that his desire to go back to a gold standard would set us back 80 years, in a very bad way. It would also make all of the unjustified concern about spending a reality.
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Now we have a system where International Currency Speculation, determine the value of all currencies. This system can be played by huge bids on any currency or gold and silver. However Gold and Silver have an intrinsic value world wide that will stabilize sooner that paper currency. Today our currency is backed by the full faith and confidence in the Federal Reserve System, a group of private bankers, both foreign and domestic that , with only the trust of Congress do as they please ?
Now please tell me why you believe that going to the Gold or Silver Standard will set us back 80 years ? I'm really interested.
Sincerely,
Bill