The U.S. Constitutional Convention of 1787, regarded as the greatest political achievement in history, also happens to be the greatest hard money charter ever adopted by a sovereign people...
The good news: And we are going back to meet those standards...
(Only faster by the FED; which was surprisingly not the plan)
The bad news: I cannot tell you positives that "Dr. H" (Alexandria) sees... He gives this a green-light...
And tells me that those pegged to the Dollar will not be unhappy, when this comes to be... So have faith.
And hold-on people! VIDEO!
I'm glad it wasn't about the dollar un-peg concert, by Nations representing tripling of oil prices (as affiliates of deregulated industries) furthered a weakening "2001 recovery" dollar!
Remembering the curiously rapid un-pegs/incentives which removed trillions from the US Dollar. And Iran's 2006 effort to convert (a select of the region) and their 'trillions' to gold.
Posted Earlier (below) before I knew the answer... including anyway:
One economist asks:We look to the past...
"Could it simply be that the ballooning federal budget deficit driving Treasury debt issues combined with the mortgage repackaging boom to compete on the exchange rate with exports of non-financial goods and services, while also giving an arbitrary advantage to all kinds of foreign economic activity (outsourcing, importing, FDI)?"
James Pethokoukis, assistant managing editor for the Money & Business section at U.S. News & World Report; writes 6 months ago:
"Overall... he says, "The American economy is, adjusting for inflation, $1.65 trillion bigger than it was six years ago."
"To put that gigantic number in some perspective, the U.S. economy has added the equivalent of five Saudi Arabias, eight Irans, 13 Pakistans, or 15 Egypts, depending on your preference. And while 9/11 did cause the stock market to plunge, the Dow is 37 percent higher than it was on Sept. 10, 2001, creating trillions of dollars of new wealth for Americans. What's more, the unemployment rate is 4.6 percent today vs. 5.7 percent back then. Not bad at all."And this June 5, 2006 Captain Quarters article explains that Iranians have begun exporting their savings into international banks, also buying gold at an accelerated rate, according to the Washington Times:
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All of which is not necessary to mention, with the answer (above.) More later.