Reply #11: So....We've Got The Expanding Economy

[OrangeCountyDemocrat]

Perhaps it's tougher to expand with a gold standard, but at least there is less opportunity for fraud and twisting of rules and standards.

Your following statement says it all....Fiat currency takes responsibility to manage. Up until recently, we had this responsibility, and we had a very stable currency.


Unfortunately, our country is no longer run by responsible folks. by the time it is again, it will probably be too late. Damage done. If things continue the way they're going, we won't have an economy to worry about in 3 years. Of course, once Gold is over $1,000/ounce, it will be impossible to ever think of converting to anything resembling a gold standard. It is exactly the lack of one, which has allowed the expanding economy you refer to, and at the same time, has resulted in the mortgaging of the $ and the future of Amerika with a $8.2+ TRILLION DEBT!