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<p>[QUOTE=&quot;tommybee, post: 1018789, member: 24999&quot;]Going off the gold standard has resulted in a crushing, potentially fatal, debt crisis.&nbsp; We wouldn&#039;t have been able to get ourselves into this mess if our currency was still tied to something of value - like gold.&nbsp; You can print money, but you can&#039;t print gold, or silver, or platinum, to back it up.&nbsp; </p><p>&nbsp;</p><p>Going off the gold standard has allowed the government to simply print money to fund endless wars, failed &quot;stimulus&quot; programs and a huge welfare state.&nbsp; The resulting inflation from going off the gold standard has robbed the middle class of its wealth.&nbsp; This amounts to the largest transfer of wealth in history.&nbsp; These are the &quot;real world&quot; implications of going off the gold standard and going fiat.&nbsp; </p><p>&nbsp;</p><p>The government wanted/needed more money to spend and having to come up with more gold to back the notes was too difficult.&nbsp; The easy answer was to sever our currency&#039;s relationship with gold and start printing...with the anticipated results.</p><p>&nbsp;</p><p>As a wise man once said:&nbsp; All fiat currency eventually returns to its intrinsic value:&nbsp; Zero.[/QUOTE]</p><p><br /></p>

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