Quote:
Originally Posted by $5 submissions
Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN.
There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value)
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Despite what Ron Paul says, having the dollar back by gold is a terrible idea. The two largest producers of gold are China and South Africa. There's no way in hell that anyone in their right mind would willingly give those two countries the ability to control our currency. Like you said, if it's something backed like a commodity, it should be something that we control in the U.S., coal, even corn would be better.