America and the gold standard

The gold standard is when the value of a country’s money is tied to the amount of gold the country possesses. The economic advantage of a gold standard is that artificial currency (e.g., paper money) is backed by a fixed asset of real value. It presents a self-governing and stabilizing effect on the economy. One would not build a skyscraper or even a chicken shack on a foundation of shifting sand, because it would soon collapse at the first strong wind or storm; neither should a great republic like America, which touts itself as the greatest nation in the history of the world, continue its economic structure based on the phantom dollar backed by the unconstitutional and fraudulent entity called the Federal Reserve, which is partly responsible for getting America into this $17 trillion dollar deficit and $61.6 trillion in unfunded liabilities.

Click here to read the article at World Net Daily …

Tags: economy, gold, gold standard, Government, politics, Society

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