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It's laughable to even consider returning to the gold standard. I'm guessing you never studied economics. Here's a down and dirty review of the Gold Standard: http://en.wikipedia.org/wiki/Gold_standard

Besides that, politicians and other power brokers who are hooked on spending money we don't have would never let it happen.

LEX

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The upside of the return is you have a fixed amount of currency in the market as it is pegged to the amount a country has. This also prevents much government overspending as they can not print currency from thin air. They can only spend what they have.

The USA has this in place as a back-up currency. The USA can print and distribute an entire new currency tied to the gold it holds in reserves within 5 days.

Yet, I would not advocate for the return, I mean you lose the money multiplier effect and that is WICKED awesome!!!

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Jel, you are right, I mean why not peg it to peanut butter or jelly? Really it's just something humans have always thought had value. I mean diamonds are just another rock until you place human demand (women and shinny rings) into the equation.

Most people do not understand that even today almost all currency is pegged or partially pegged to a single or group of currency. Then those that do not peg usually stay within a set percent of a choice currency or average of others i.e. "The Snake in the Tunnel".

This is why we see China, Russia, and others now wanting an international non-physical currency which all currency will be pegged too or average against. The USA is of course against this as the Dollar has been the reserve currency for generations, yet many believe now that a single country's currency is too risky to be the reserve currency as many countries that now have HUGE economic issues because they were tied to the Dollar and US economy. Many would not have had their current problems with a international reserve currency.

Another argument could be for an international currency to replace all others and form one massive common currency area such as the USA has done or the EU has done with the Euro-Zone. It would reduce transaction costs and allow all calculations to be standardized.

I personally am against the gold standard, yet I think using a mixture of metals, and stable currencies as a basket to form a reserve currency from is a good idea, yet of course many years of debate would be needed to form the correct structure.

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For those interested in learning more about this subject, here is an excellent introductory video:

http://mises.org/multimedia/video/Fed.wmv

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Beautiful "Xinhua Gate" scandal
I am an ordinary Internet users, I want my internet experience to reflect. I only, and Xinhua Xinhua on forums, sometimes Gentie to make one comment, but this experience has brought me is a three-year disaster. Xinhuanet bamboo version of the forum, there are
Computer hackers, long-term invasion of my computer, causing me a lot of losses, the use of QQ numbers join chat with my daughter's college students established contacts and keeping and feeding, the original hacker who we do not know when that girl had made for my daughter a lot of rumors of personal attacks, and have the background to show off to have a skill, and we know that this is the forum Banjul Xinhua.
The powerful people through the back door so that girls receive shelter, my daughter for three years by the isolation, and in academic achievement, we are also aware of the report served only in schools and girls in front of us in a weak background, but resignation submit to humiliation.
In addition, I have encountered the work of a computer monitor, I realized that there is no way these unlawful acts. I first discovered the work of seven months, data loss, followed by the business all the way down, the company reduced its staff by three quarters, I also will be laid off.
It was an information technology company, is a software outsourcing to Japan and design drawings, all products are sent through the network in Japan, the results of the company found that information disclosure, among the only in-house technical staff to sign confidentiality agreements. I was just general management staff, non-technical, Xin-ming has furnished no evidence, can not afford the responsibility Buganshengzhang. That is a big economic benefits, estimated that at least 40 million.
I have spare time to work part-time online reporting passwords by their modified, I formally work in charge of local government websites are required to fill out a declaration form for the first time landing the next day after taking approval, the network services are shared numbness of the limbs, I realized that reason is on where the landing site for the first time that I must have a share of paralysis Caixing. They upset my computer IE will be black, sometimes black my home district servers. My home computers have been made to do long-systems, some part-time job to lose.
Xinhua Banjul use is a national network platform, very forces it? Our family computer does not have thick, our family of telephone communications is not dense, and later found that our private chat room at home did not dense, we have a private chat at home can be interspersed in the network some of the articles, poems were. And I contacted the phone, can within a few days or a relative's name, or names, the article can be a network or domain names to see, my mother in the off-site fixed-line telephone several times in the telecommunications server fault interruption, until the my mother's death the week before, phone was black, I have contact with the family being the final cut.
And they also recognize the wealth from the cat and mouse confrontation between the shore, but the petition is of no use. In my own computer to write things that you can communicate with them, they would online articles or pictures a very timely response to my content. They say hunting is now the Magnolia paddock, I want fair and necessary to protect a fair capacity, I'd be offended VIP Wai rape. At present my daughter to college, I lost my job ten months, and I do not know how long it can hold. We are a single parent family, his daughter by my independent support, they made an old woman picking up pictures, said that while it had been brilliant, but this is a result,
Suggested my future destiny.
My daughter is to be completed the end of class-based operations, the result is black redo the computer system every day. During this period, that of girls and online echoed intimidate us, disappearances, life insurance, etc., online postings made firearms. A recent threat to our personal action, I took my 80-year-old father and 2-year-old daughter back home to do the anniversary of his death, his mother, had been tracking, is the marshals to take us off by taxi, we see that two Beijing license, vehicle and sped away. Recently there have been models of luxury sedans and cars (not commensurate with the strength and the environment) stopped at my house downstairs, and this is echoed in online threats.
Online crime is a high-tech crimes, because the burden of proof is difficult, so we have no way to report, and now feel that life is threatened, we have to do so. Posted on the Internet, I appeal to cry, saying that cat and mouse confrontation hope Premier Wen's attention, but they hold the public resources, I would have been deleted in the posting (and letters to my ID). They want my daughter can not graduate from college, let me live no way out of unemployment, tell me letters and visits in Beijing that no one tube, was imprisoned in the concentration of petitioners accepted the guest house of a woman being raped, and the petition will eventually drop into their hands,
And they have now been protected. I would say that they are two-faced, online maltreatment and corruption, and that the most dirty salt.
I wish to reflect the situation can get attention, to reflect to the central. Xinhua is China's largest official website of the Chinese government's image, how can we equip them with the public resources to do whatever they want, Xinhua can not be a criminal offense platform. My computer has been put to tell them that as long as his daughter, and we leave it alone, but they have never correct their mistakes.
My response to female students: yes, Shenyang Polytechnic University, College of Automotive Engineering 2006 total of four girls: in pairs, hoping for a breakthrough from her to this crime, corruption, opened the lid.
University is to cultivate talent for the community transportation local talent, rather than a place for brothels to send personnel, university teachers, especially the grassroots leaders should serve as role models. If teachers do not respect the old, for students of physical persecution, and even affect students approach graduation blocking a person's future, I think that schools must investigate, but also students in a fair, notary, justice and human dignity.
In pairs of their own on the outside with the community's character is not indecent, and has now developed into a small group. Their own life is not indecent gave my daughter made a lot of personal attacks, rumors to libel, in the bedroom, led the students to isolate, group vomit, etc., but my daughter's own bedroom and in the other faculties of the students to make friends must recover the past, rumors and then my daughter there would be no friend. Automotive School guide to do these things have been secretary Wang Liqing does not deal with, and has become one of their umbrella participants are also from a personality slander my daughter said, are mentally ill.
To November 2007 in pairs to my daughter bites Wang Liqing did not address, saying that if any treatment must not be simultaneously both graduated, she was not right and wrong is a non-concept, but at the same time to both sides to solve the problem be transferred out of the bedroom . As students and parents at a disadvantage in the strong guide our leaders to do before the conciliatory attitude of the spirit of tolerance, because we do not want to cut off future to graduate. Even so, a month later I was working Secretary Wang called me, saying I took the daughter, because she had a mental illness (the most toxic to human persecution of a move source is the case, we prove that the history of two of the largest limbs),
Said she shared the bedroom of the student testified, saying she was mentally ill. Another accused me of education of parents as there is a problem called her to get up every day affected the students Tongqin rest. I asked her, Shenyang Polytechnic requiring students to get up? She answered 6:00. I said, reversing his way to work every day 8:10 to call, let her review the end of a good test results are wrong? Schools with poor management and supervision of her parents I was learning, but every time she said students sleep, I rise! I asked his daughter: Shenyang Institute of Technology is a young nursing home do? Secretary Wang then said: Everyone can testify as early as you play. I said that school education must first be honest student
, If so many children are lying, then that is your education in schools is a problem, I can play to telecommunications call records to prove that they lie, you can handle them do? I told Secretary Wang hiding behind the skirt is very complex and, in addition to the unusual color in addition to high-tech crimes involving corruption, and participants are asked her to do, but she would not listen. She again my turn to be picked up the child, if a problem at school she was irresponsible. But also said: in the future would affect his daughter graduate, graduate schools have a comprehensive assessment (implying that she can so that we do not graduate). I asked her: Are you on getting a graduate blackmail me? Call to an end.
Explain, adjusting sleep is a newly enrolled freshman dormitory, was elected student union cadres, there is no built-in lock her bedroom at their own expense to install and accessible to all students are equipped with the keys inside the bedroom of their new life with the same grade classmates gathering to bring my daughter, and of which the boys of the masters on this sophomore, said: thanks to your girls in our class students will be able to enter. So there would be testimony to happen, right? Last guide do eat their words, because it was Huyou freshmen impossible.
The end of the sophomore, guided to do again told to move back to the original sleep, because sleep is their own initiative that does not transfer through schools, we must come back, so both sides come back.
Came back still facing an isolated situation, many of the notifications and information not received, we did not dare to meet with her contact, and sometimes alone to see her, daring to fight and just be a call, many people would not see her, if she take the initiative to say hello does not reflect the other side. Even so, Secretary Wang accused of my daughter always wrong with my phone, I do not know whether the schools have provided parents and children to call a breach of school regulations? If a student in the school isolated situation, should call their spare time with his mother and all powers not?
Secretary Wang did not know whether the accused had that day was no one in the bedroom, to burn (Bustard) Tel porridge of people? Communication between parents and children the most natural human communication, instincts confirmed. If the two sides does not do well there will be a generation gap generated as friends if the two sides can communicate well, that I was a successful parent. If there is no smooth communication, in the like under the influence of powerful external forces, perhaps my daughter will be forced to become "Bataihutong" members, Mao Zedong in China, beginning the liberation of overnight abolished brothels, prostitutes now can continue to college campuses, and proud to show off, this is the
The failure of university education the country! A person's growth is the family, school and the community the results of multiple integrated education, school education in a person's growth accounted for the largest proportion of problems if one party will make a person grow into a distorted it, in my child's body I am a college education make up for missing part of the supplement. I have educated the daughters: women want independence, we must know how to self-esteem, self-respect, self-confidence, self-improvement. If a person is not even the sense of shame, it is also Jiaoren do? So there in front of having a daughter to go after someone whispered, said: really powerful and unyielding.
The end of last year, eight school I came to school, is willing to test scores because of a thing. (Mechanical design basis A2) end of the period had been achieved, we are looking for long-distance calls with a class teacher said: there is a student cadre to prove her daughter did not take the test. We went to school attendance Registry check the exam proved that student leaders lie, and now the matter has not handled lying student cadre, I would like a substitute teacher is not wrong very responsible investigation, then the student union cadres Why so bold? Students should be organized to lead students to positive and progressive groups, I think we should play "in unification" role.
In fact, performance is something we have long been felt. Was originally the computer results, it was tampered with in the system to guide subsequent search points to do when the change over. The development of what later became Secretary Wang warned that, we always have questions about performance. Students in front of the school system is weak, a problem to make an application waiting to answer all of lack of transparency, because their own do not see the papers, but two months later to be destroyed. Where (Mao Zedong Thought, Deng Xiaoping Theory and "Three Represents"), examinations, self feel good, but the results did not pass down, they had rebuilt.
Time of registration to see the instructor, said: how you have managed to get quite good restoration? Their own side once again we also have to check points, the results of this paper have been destroyed finished.
There are the basis of control engineering, mechanical design basis A1. I still have questions about these courses, with more ways to block me, I graduated from the fight against al service. At present students have been looking for work but I can not candidates, because there is no diploma find jobs?
Prostitutes in the bedroom, said openly that money on the bottom beneath them is to expect to make a little money. You make money or not I do not care, it was not that I can control, and now Chinese social atmosphere this way, the whole country a spring. But why do you not for the good and decent girl insisted forced prostitution? Not from the implementation of large encirclement, and this siege is one of the college participants are guided to do. I. Members of the meeting that they have to protect the reputation of the Shenyang Institute of Technology, I think the reputation and brand is created out of, rather than cover their out, and guide the leadership to do that is to enact a license to become a prostitute and also imitation, that imitation brand-li against unemployment do ?
Now that women took part in the PubMed, in the review period has been showing off her siemens. I think that the bad guys learn the more the greater the harm to society,
This problem I been from 2009 to August 26 the State Department began to reflect the Prevention of Corruption Bureau and the Central Discipline Inspection Commission of this without result.
It bluntly, this is a "Xinhua Gate" scandal, with ghosting, which is central scandal, my postings have been blocked, and only here a message came. My network sealed.

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