Jerry, we had a Gold and Silver Standard even when the gold was confiscated during the FDR Administration, and finally the elimination of silver content from our coinage. It worked to stabilize the Dollar. The Gold backing the dollar was removed during the Nixon Administration at the request of the Federal Reserve Bankers, whoever they really are. Now, and for the last few years, China has been buying up every bit of Gold they can get their hands on, and are even counterfeiting 24k gold and silver bullion coins for the markets. China is said to be contemplating putting out a Gold backed currency. When they do that the Dollar will collapse unless we can do the same.

Jerry, they would do it like they did in 1934, they would issue new currency and have the public turn in their old currency at the new rate for the new. Probably 1/2 cent on the dollar or less. Gold would then revert to backing of the currency at the old rate of $35.00 an oz. Prices would then after a short collapse of the economy return to their 1935 prices and we would start all over again with only the elitist rich being able to buy or sell anything, and the rest of us on Government welfare programs. Of course the Elitist Rich would know when to sell their hoarded Gold and Silver for top dollar so they would have more of the worthless currency to turn for new dollars and the Government would pay off it’s debts with the Worthless currency just before the changeover.