Link the Dollar to Gold
Gold linked to US Dollar
Tt was Pres. Richard Nixon who took the US off the gold standard, looking back probably one of the biggest mistakes any president has ever made. In the video below millionaire Steve Forbes talks about relinking the US dollar to gold. Now, it seems he is saying that this relinking would only be like an index and therefore not really put the US back on the gold standard where paper money could actually be turned in for real gold.
Obviously, this step is not a cure-all for the governments constant overspending, but any ideas that could possibly rain in our debt are worthy of consideration.
| Upon Inauguration: | $10,626,877,048,913 |
| As of Aug 24, 2011: | $14,639,107,253,101 |
| In 2.6 yrs Increased: | $4,012,230,204,188 |
| George Bush (8yrs): | $4,899,100,310,609 |
In 31 months of Barack Obama’s presidency, according to the Treasury and CBS News, the US has added $4 trillion to its national debt. That approaches the presidential record set by George W. Bush of $4.9 trillion, but there’s a catch to that. Bush set that record in two terms — in 96 months.
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