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Rep. Ron Paul of Texas: the fall of the dollar, rise of gold
#21
By then, the dollar won't be the world standard currency anyhow?
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#22
(05-11-2011, 09:28 AM)Gunnen4u Wrote: By then, the dollar won't be the world standard currency anyhow?

That may be true. However, being on a gold standard can be accomplished either way.

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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#23
Tell me more.

I am not economic buff or nerd - but wasn't a different currency the world standard when we were on the gold standard?
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#24
Actually, before the dollar, there really wasn't a world standard. Back then there wasn't a global trading system. the closest thing to that was England and the British Commonwealth, where the Pound Sterling was the de facto currency. But that was not really a world market system.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#25
And there is this: South Carolina may Create gold and silver coins. Perhaps Steve Forbes has some intel we didn't.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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