Originally Posted by orinjkrush
wouldn't going back on the gold standard, state by state, in essence be the end of fiat currency and the fractional reserve system?? inquiring minds want to know!
I wouldnt think so. The US G still allows the Fed Res to issue our national currency. And again, it goes back to what I said a couple of posts ago, bad money drives good money into hiding. Few will pay with silver and gold that will only increase in value while the rest will pay with dollars which are only gonna decrease in value. But again, if it works as an education and exemplary tool, then I am all for it. I think our generation will have to learn what those who lived thru the revolution did... "a wagon full of money wont buy a wagon full of supplies."