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To: Dan3 who wrote (100717)8/12/2009 3:25:46 PM
From: roguedolphin2 Recommendations  Respond to of 116555
 
<<"Re: how does one just declare a 50% devaluation in the dollar overnight?">>

A new "Plaza Accord" type meeting that agrees to back the US dollar with gold could conceivably happen someday?

They( the political hacks) could arbitrarily decree the US dollar to be worth and exchangeable for gold in XXXX amount of US dollars??

Pick a number ...$2000... $3000.. $10,0000 per ounce of gold in US dollars.

Tell me why this COULDN'T happen?