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<p>[QUOTE=&quot;medoraman, post: 1469038, member: 26302&quot;]EVEN IF the USD FRN&#039;s were backed by gold, that would have no affect on the ability of Washington to go into debt. &quot;Printing money&quot; is not printing notes, it is selling debt. How would a gold standard stop Washington from selling debt? The real currency of international business is government bonds, not currency. Changing currency is nothing, and if you cannot prevent the issuance of debt then you have accomplished nothing.</p><p><br /></p><p>You might say they would be limited by having to pay off debt with gold backed notes, but they don&#039;t, they would pay it off with more debt.[/QUOTE]</p><p><br /></p>

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