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Why not go back on the gold standard?

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  • #21
    Originally posted by 0ne_Capitalist View Post
    All fiat currencies collapse eventually...that's what history tells.

    Real money is not what the Govt says we must use. Real money is what private ppl in the marketplace determine it is, which happened to be Gold. If fiat money isn't backed by Gold, then it can only be backed by the productivity of a countries economy. In the U.S's case, it's backed by our past reputation, not by our current economy based on spending borrowed money to artificially stimulate the economy while exporting some of the inflation out to other countries who still rely on our Dollars.
    This is a very good point. The question is, how much was US economy (GDP), say 2014, compared to the $ they printed during the same year?

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