Russia wants to return to gold standard.

[joevol320]

Russia backs return to Gold Standard to solve financial crisis - Telegraph


if they do this, how long it take them to surpass us?

man we have a stupid president.

 

[droski]

amazingly stupid decision

 

[MontereyVol]

No worries, hope they do.

 

[BigPapaVol]

the gold standard is a consumer confidence issue. They probably need it. We don't. I hope it fails miserably for them.

 

[GAVol]

the gold standard is a consumer confidence issue. They probably need it. We don't. I hope it fails miserably for them.

That was my exact thought when I read the article. Of course Russia wants a return to the gold standard. Nobody has any confidence in them whatsoever.

 

[dcgf05]

/facepalm @ russia

 

[Rasputin_Vol]

What is the US dollar backed by right now?

 

[BigPapaVol]

What is the US dollar backed by right now?

Governmental cash flow.
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[joevol320]

What is the US dollar backed by right now?

the us dollar is based upon the faith and trust in the us government. lol: that's how they can print trillions of dollars at the drop of a hat, or in case at the drop of husseins turbin.

 

[Plano Vol]

Utah is a step ahead of those dern russkies

ksl.com - Bank needs help finding owner of rare gold coins