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<p>[QUOTE=&quot;HandsomeToad, post: 547845, member: 12965&quot;]If you want to know why we should NOT back such a proposal, look at what happened when we did have a gold standard:</p><p>&nbsp;</p><p><a href="http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&amp;vol=294&amp;invol=330" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&amp;vol=294&amp;invol=330" rel="nofollow">http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&amp;vol=294&amp;invol=330</a></p><p>&nbsp;</p><p>I believe the price fluctuation of gold, prior to the Great Depression, is one of the main causes for the Depression and the greatest one thing done to get us out of it was when Roosevelt pulled gold off the market and ceased backing the dollar with gold/silver. That stablized the dollar and got us back on track and now someone wants to create the same fiasco that once was? :goof: I sure hope that idiot doesn&#039;t get re-elected. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Ribbit <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Ps: The bonds referred to in that case, were a no lose situation, in that if gold went down in value, you still had the cash value but if gold went up in value, then you could make even more. I personally can&#039;t believe that Congress would put out such a risky bond, but my guess is they were taking care of certain constituents. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Pps: While this thread does tread on the political realm, I think it&#039;s justified and I hope it is allowed to remain so we can discuss this openly. Thanks for bringing this to our attention. :thumb:[/QUOTE]</p><p><br /></p>

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