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Utah considers return to gold, silver coins
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<p>[QUOTE="ratio411, post: 1118727, member: 26729"]I think both of these points are extremely valid, and very related.</p><p>The government wanted to spend limitless amounts at will, there wasn't enough gold to allow that, so they disconnected the gold from the currency. This allowed them to spend without constraint, and allowed them to do whatever they wished with the gold.</p><p>The fact that there are more dollars now than gold could cover without a huge disparity is a direct result, and very matter of factly, sad commentary on the state of our nation.</p><p> </p><p>I don't think the gold standard will work anymore, especially if only a few individual states or countries adopted it again and still expected to trade with the rest of the FIAT world.</p><p> </p><p>But, fact is, we need a new system that doesn't require us to consume resources and take on debt in an ever increasing upward curve.[/QUOTE]</p><p><br /></p>
[QUOTE="ratio411, post: 1118727, member: 26729"]I think both of these points are extremely valid, and very related. The government wanted to spend limitless amounts at will, there wasn't enough gold to allow that, so they disconnected the gold from the currency. This allowed them to spend without constraint, and allowed them to do whatever they wished with the gold. The fact that there are more dollars now than gold could cover without a huge disparity is a direct result, and very matter of factly, sad commentary on the state of our nation. I don't think the gold standard will work anymore, especially if only a few individual states or countries adopted it again and still expected to trade with the rest of the FIAT world. But, fact is, we need a new system that doesn't require us to consume resources and take on debt in an ever increasing upward curve.[/QUOTE]
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