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Why are states pushing for a return to the gold standard?
http://abcnews.go.com/Politics/tea-party-momentum-...
http://www.sutton-associates.net/blog/2011/03/20/n...
http://en.wikipedia.org/wiki/List_of_countries_by_...
We are the most indebted country in the world...Maybe that's why?
$14 trillion and counting...
15 Answers
- My Baby!Lv 71 decade agoFavorite Answer
The dollar is extremely under valued by our debt and spending. Other countries are pushing for another currency to use in the monetary world. America is going to hell in a hand basket while liberals rant we need more funding. At this time in our lives with our financial problems we should be willing to cut back as much as possible. But the lying libs will say grandma will have to eat dog food.
She will not have anything after Obama screws us over.
- Anonymous4 years ago
Cat - Astrophe: I disagree with you on that element. we can continually give up it wanting revolution as long as we nonetheless have the means to vote. human beings could clever up earlier we lose that top. yet who knows of, which could be bobbing up basically around the nook. it particularly is basically been 38 years in view that Bretton Woods ended (with Nixon removing us thoroughly from the final), and that's how long it has taken to get the place we are. decrease than a million/2 a century. Fiat would not artwork.
- ?Lv 71 decade ago
fear the dollar will become worthless for trade. This will keep the Gov from printing more money to pay off debt. Doing this just makes the money less valuable.
- ?Lv 71 decade ago
This Congress and White House are out of control so the states are in self-preservation mode. Can't say that I blame them.
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- Anonymous1 decade ago
Because Fiat currency is unconstitutional and the Constitution says that we must use the Gold standard
- WereTurtleLv 61 decade ago
Because the paper the dollar is printed on is almost worth more than the dollar itself.
- 1 decade ago
Currency needs to be floating. We cannot go back to a strict system based on gold. It's impossible.
- Anonymous1 decade ago
how will that even work in Utah?
can you imagine going into a local Target and pulling out your gold coins of indescriminate value to pay for it and the look on the cashier's face? lol... but it WILL BE legal tender... according to the state?
- ?Lv 71 decade ago
Because they don't understand the modern monetary system, and they have the delusion that the gold standard is the cure for half of our problems.
- Anonymous1 decade ago
Because they haven't yet realized that there isn't enough gold in existence to back all the money we've printed.