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For about 130 years inflation in the U.S. was mostly held in check under the Gold standard.

The impending depreciation of the U.S. dollar, I see as the biggest threat to end "Liberty & Justice" for all, in the USA.

2006-11-17 10:45:18 · 5 answers · asked by beesting 6 in Business & Finance Investing

5 answers

The Constitution doesn't mandate it and there isn't enough gold and silver in the world to back up the US dollar.

2006-11-17 11:35:24 · answer #1 · answered by Anonymous · 1 2

If you think we're still living under the constitution, you're being duped like all the other "sheeple" in this country.

For instance, the 10th ammendment says that the federal government has no authority over us that's not specifically granted in the constitution itself.
99% of what the federal government does violates this.
I'm for a return to the sanity of how our founding fathers thought we should be governed.
That's why I'm a libertarian.

2006-11-17 11:22:21 · answer #2 · answered by dork 7 · 1 0

The US dollar would crash if they go back to Gold standard. Any way the dollar is on a downtrend against most currencies. You better buy Gold with your dollars after the crude oil price stabilizes.

2006-11-18 07:44:36 · answer #3 · answered by StraightDrive 6 · 0 1

Evidently there was a loophole to allow America to get off the Gold standard... and of course, our leaders know how to exploit those.

2006-11-17 10:57:10 · answer #4 · answered by Mike S 7 · 0 0

public got no authority.....

law back gov....hence reserve notes.....


don't make sense to have to store gold-to back paper note like old days...
was not much printed then,,,,,

deadly in the hands of foreign countries who could demand
gold now for pmt...

never happen again..............

2006-11-17 10:50:21 · answer #5 · answered by cork 7 · 0 1

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