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“Since abandoning the gold standard in 1971, the U.S. dollar has persistently lost value. This inflation has severally hurt the average citizen by secretly robbing them of their savings and forcing them to pay more and more for basic necessities,” said Kenny Tan, President of YAL at Vanderbilt.
It seems that most foreign currencies are doing better than the US Dollar. Both the Canadian Dollar and the Australian Dollar are worth more that the US Dollar.
Are there any laws that would prohibit Americans from doing business with either gold or foreign currencies? Can we draw up contracts that either require repayment in them or the comparable value in FRN's?
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