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How would you go about reintroducing gold and silver backed currency in the USA?
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<p>[QUOTE="19Lyds, post: 2151172, member: 15929"]Uhhh yeah!</p><p><br /></p><p>When was the last time ANYBODY carried $1,000 around in their pockets for use in daily commerce? $500? My weekly grocery bill doesn't even come close to $500.</p><p><br /></p><p>What about yours?</p><p><br /></p><p>Also, there's a reason they no longer make $500 or $1000 bills. Regardless of the level of inflation the economy is in and regardless of how much a cup of coffee costs, local businesses rarely keep change for $1000 around for somebody walking in off the street much less every customer that walks in.</p><p><br /></p><p>Gold and Silver "backed" currencies are a thing of the past. If anything at all, money itself would disappear in the form of "electronic credits".</p><p><br /></p><p>Come to think of it, a lot of money today..........is exactly that. Electronic Credits in the form of dollars and cents on a bank statement. Drop the dollar sign ($) and you're already there.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2151172, member: 15929"]Uhhh yeah! When was the last time ANYBODY carried $1,000 around in their pockets for use in daily commerce? $500? My weekly grocery bill doesn't even come close to $500. What about yours? Also, there's a reason they no longer make $500 or $1000 bills. Regardless of the level of inflation the economy is in and regardless of how much a cup of coffee costs, local businesses rarely keep change for $1000 around for somebody walking in off the street much less every customer that walks in. Gold and Silver "backed" currencies are a thing of the past. If anything at all, money itself would disappear in the form of "electronic credits". Come to think of it, a lot of money today..........is exactly that. Electronic Credits in the form of dollars and cents on a bank statement. Drop the dollar sign ($) and you're already there.[/QUOTE]
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How would you go about reintroducing gold and silver backed currency in the USA?
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