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<p>[QUOTE=&quot;medoraman, post: 1180101, member: 26302&quot;]I understand what you are saying, but sorry if I am obtuse. Lets say we waive a magic wand and our currency is now on some kind of gold standard. How is debt affected? Can&#039;t they just issue more t-bills to pay the old debt and interest? The US borrowed before when we were on the gold standard. They don&#039;t really have to come up with currency to pay debt off, they just issue more t-bills to pay off the old note holders with interest. </p><p><br /></p><p>Theoretically it may be a brake, but in practive it would be business as usual for issuing debt. Unless the debt has to be tied to some reserve, like say they can only issue debt in X relationship to currency, and currency can only be issued in X relationship to gold, I do not see how debt issuance is curtailed, which is what is killing the dollar. Again, the currency is not the issue, it is Federal Debt, which has equal or greater priority over all US assets as anything. The politicians are literally mortgaging our entire country, and everything we all own, freely.[/QUOTE]</p><p><br /></p>

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