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<p>[QUOTE=&quot;InfleXion, post: 1410064, member: 29012&quot;]The government can&#039;t go broke? What do you call it when you owe more than you make then? The government does not generate income. It takes money from taxpayers, and when that isn&#039;t enough there is no other choice but to devalue the currency by printing more of it to pay the bills that taxes do not cover when leaders are unwilling or unable to curb spending appropriately. From the standpoint of their money is our money, fiscal responsibility has a lot of merit in my opinion. Gold doesn&#039;t have to be used as currency in order to back the monetary standard. The benefits of a gold standard can be reaped simply by pegging it with the dollar. This only works if the gold that is claimed to exist actually does. Otherwise the standard cannot work, and that is why it did not work before.[/QUOTE]</p><p><br /></p>

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