The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (19331)	3/31/2009 6:53:48 AM
From: RockyBalboa	Read Replies (1) of 71475

Although I am interested in new concepts, this is probably one of the least thoughtful concepts I read in the last few months besides the alphabet soup of government stimulus. A proposal which failed not once but twice in history; and if we put aside the historical failures of the gold standard, then this proposal utterly lacks neutrality (if not for Russia with its gold ore then for a proposal to tie it to commodities). Any concept of tying money to a subset of good or services directly contradicts the idea of money. It only works if it is freely exchangeable into any good or service where a market exists.

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