DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Euro replaces Dollar as worlds favorite cash

**sarasaraseda** · 12-28-2006, 09:56 PM

Is it really melodramatic to say that the US empire is in decline? Hardly.

I seem to recall that the last time we got ourselves into a military morass, one of the results was the liquidation of what remained of the gold standard. Since that's already been done and can't be done again, I wonder what we'll do this time to offset our enormous losses, aside from continuing to tell ourselves that there's no problem at all thanks to our enormous GDP, blah blah blah?

I am completely bewildered by your comments. Are you supporting the gold standard? Are you saying that the US was somehow responsible for the end of the gold standard in its most recent form in 1972? If you are arguing for the end of free-floating currencies, are you then willing to address the issues raised by the deflation that accompanies a return to the gold standard? And what, if anything, does this have to do with the topic?

12-28-2006, 09:56 PM	#17
sarasaraseda Join Date Oct 2005 Posts 604 Senior Member	Is it really melodramatic to say that the US empire is in decline? Hardly. I seem to recall that the last time we got ourselves into a military morass, one of the results was the liquidation of what remained of the gold standard. Since that's already been done and can't be done again, I wonder what we'll do this time to offset our enormous losses, aside from continuing to tell ourselves that there's no problem at all thanks to our enormous GDP, blah blah blah? I am completely bewildered by your comments. Are you supporting the gold standard? Are you saying that the US was somehow responsible for the end of the gold standard in its most recent form in 1972? If you are arguing for the end of free-floating currencies, are you then willing to address the issues raised by the deflation that accompanies a return to the gold standard? And what, if anything, does this have to do with the topic?
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