Why Voting for Obama is a Mistake

[Bond]

Originally Posted by Professor S

Bond, what would you replace our dollar on now, instead of our ability to produce? Honestly, there isn't enough gold out there to back our dollar anymore, and since we moved to a fiat currency our country has experienced the most economic success of any nation in the history of the world. People keep saying that "we can't do this forever", but the problem is, that is purely based on speculation and reactionary responses to current economic events.

History has proven our economy to be resilient and over 10 and 20 years cycles to exprience far more success than failure, no matter what Ron Paul tries and sell the public. As for isolationism, well, I won;t even go into that as it has caused much more death and torment in the world than I'd like to comment on.

I have no idea what the dollar could be backed with now, probably nothing. I suppose I don't think the issue of a fiat money system is a tremendous problem by itself, but when it's coupled with a six trillion dollar debt, a large part of which is owed to China, rising inflation, and an ever increasing government, I do see a problem.