If other countries begin to rely on the gold standard what would happen to the value of the US currency?
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This entry was posted on Tuesday, December 1st, 2009 at 8:17 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
December 1st, 2009 at 8:17 am
we would turn in to pluto and die off in to the ocean and go off the map becouase we would really have no moeny and we all would be dead
December 1st, 2009 at 8:17 am
Ron Paul wanted to do this very thing. But it would kinda screw up our system. We print off lots of bills every year. Essentially it would do what happened to Germany after WWI Our bills would become worthless. Also, the reason why we had the great depression was because we americans invested our gold outside of the US. So it hit the economy pretty hard. What are we doing now? Investing in places like China. So our currency would not only lose value, but it would hurt the economy. Inflation would be solved though.
December 1st, 2009 at 8:17 am
Would it be more accurate in asking "What would happen if Americans lost ‘faith’ in money"? Didn’t someone once say "The love of money is the root of all evil."?