Quote:
Originally Posted by Tightwad
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It's a step in the right direction. We really need the US currency to be backed by something other than "the full faith of the US government." The way it's setup now the US government can inflate their way out of anything and debase the value of our currency hurting EVERY American that has money in a savings/checking/CD/bond/etc. At least with the gold standard (pre-1973?), no matter how bad economic times get, you can be assured that your savings are safe as they are backed by something tangible. With the way our politicians like to spend and print money there is always a possibility of our government causing hyperinflation through excess spending (i.e. Germany's hyperinflationary depression of the 1920's) which does not allow me to sleep well at night unless all of my assets are in something other than US dollars.
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