Quote:
Originally Posted by Alarti0001
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We arent in the stone age anymore. The value of the dollar is just like any other good. Supply and Demand. If we went to a gold currency the supply would be minimal thereby increasing the value of 1 dollar. This would just change how many dollars you would get paid at work. Its all about what you can get with what you have. Gold would mean you could fill your tank with (bullshittin) 5$. However, this matter little if you are making .50C an hour.
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Supply and demand is at work with the US dollar. That's why there's inflation. It's value is being kept artificially "high" by the Federal Reserve. Fact is, they keep pumping more and more money into the system and pretty soon they won't be able to hold inflation down.
http://demonocracy.info/infographics...2012-2013.html
Unless the government stops borrowing printed money with artificially low interest, our dollar is going to do what the paper mark did in the Weimar Republic.