|reply to Kearnstd |
Re: Would you pay for Usenet with Bitcoin?
Actually the Gold Standard does work and keeps government spending in check because it, the government, can only spend what it actually has. When Nixon took us off the gold standard, it was the death nail for this country. Our country has been steadily going down hill since then.
Also gold is a good indicator of a weak currency. The higher the gold prices the weaker the currency. Anyway people need to be aware that there is a storm coming and prepare for the worst. Remember the bread lines in the USSR back in the '80s? I can see that happening here.