Would it really be wise for other nations to have any more faith in a rapidly-devaluing currency anymore? At least the Euro is partially backed by gold, whereas our Monopoly money is backed by nothing. Maybe there was a reason that the founding fathers advised against "bills of credit," such as what happened to the Continental dollar? Maybe there's a reason that technically only gold and silver are considered currency?
They say that money doesn't grow on trees, but for the Federal Reserve, it grows on a printing press. If you're running low on money, the worst thing a country can do is print more, because every extra dollar is worth less and less, and as a result, it takes more and more dollars to buy goods. It's this thing called inflation, due largely to the printing of too many dollars.
I remember during on of the GOP primary debates, Ron Paul noted that if the price of oil were compared to the price of gold, the relation between the two is nearly linear, meaning that the price increases in both is largely due to the printing of too many dollars.
I think that we must curtail the Federal Reserve System's power NOW.
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"I take my marching orders from the CONSTITUTION!" - Ron Paul