I've been reading the conversation over the past few hours and here is my problem with the Gold Standard & Ron Paul — changing our monetary system back to the GS will not help the fact that there is a huge disparity between the top 1% and the lowest 25-30%. Even between the top 10% and the middle class, there is still a huge disparity.
So what if your money is actually worth some thing because of the GS? It only take a few moments to think about what that would do to the gap between the wealthy and the poor.
† There is a limited amount of gold.
† Every American dollar is now has an equal worth to a gold amount - determined by how much money there is in circulation.
† Those with less money have less gold.
† Those with more money have more gold.
† Then you have a run on gold in the markets.
† Then some one rich trades in their Notes in for their gold owed.
† Then the price of gold increases.
† Inflation.
† Economic bubble.
† The situation we are in now.
Do you understand now why a GS will not help at all?
Here's the real problem, we have more workers than jobs in America. That's it. Sure, there are other economic problems in America with capitalism, our money & corporate bailouts but all of that takes a back seat to the fact that we have a surplus of workers in America.
