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<p>[QUOTE=&quot;medoraman, post: 1180018, member: 26302&quot;]I agree with you that our debt is consider USD. However, people talking about a gold standard talk about making our currency backed by gold. That does no good if it doesn&#039;t limit the amount of T-bills we can sell. All US debt would have to be limited by gold holdings, not just currency. That was my point, limiting this discussion to just currency is meaningless.</p><p><br /></p><p>Now, if you say the US can only issue currency AND DEBT to a percent of gold holdings, that would be a different matter. It could be extremely dangerous if we got into a war would be a major drawback.</p><p><br /></p><p>I am all for fiscal responsibility, I am just not sure a gold standard really is doable anymore. I am more in favor of a Constitutional amendment limiting the ability to borrow, though we all know none of these things will happen with our current political setup, (both parties included).[/QUOTE]</p><p><br /></p>

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