For you political and economics nuts..

While im still young and don't know too much about the way the country's run, I was just thinking if it was possible to go back to the Gold standard and if that would help out the value of the dollar. I saw a youtube video of a guy explaining how the value of the dollar would be different if the gold standard was still in place today, he was comparing what the price of a car is now and then recalculated it with the value of the dollar w/ the gold standard..ill try and find it and post it

EDIT: heres the video http://youtube.com/watch?v=z6NfXk7Bvc8

 

yea but what will dictate the value of it? (not questioning your theory, but trying to gain information as i have no idea)

 

The biggest disadvantage to the gold standard is: there is a finite amount of gold. If we were to return to the gold standard, we'd have to drastically reduce the amount of currency in circulation or devalue the dollar. We don't own nearly enough gold to back our currency. So returning to the gold standard would actually further devalue our dollar.

 

Personally I do not think that the Euro has done anything good in the majority of countries, realistically the only people it helps is big buisness. There is also the "issue" of the need for a common currency, many countries have maintained a good economy without a common currency & I see no point in changing what works. If it were broken it would be a different matter, but generally it ain't so why mess with it?
The even bigger "issue" is why should any country be "governed" by a third party (Brussels). There are those alive today who fought for various countries to keep others out & see no good reason to hand over power in a backhanded fashion.

 

Someone, somewhere is really trying to eliminate sovereignty! From the entire world!

Flagship

 

IDK how this got to a discussion of the Euro. An international monetary system and the gold standard are two entirely different things. They aren't even closely related. The gold standard refers to ANY monetary system that is backed by gold. Specifically, the value of the money in circulation is directly tied to the amount of gold owned by the country printing the money.

Oh... and most of the arguments against the Euro seen here are fairly off base. See the Wiki article. There are some downsides to the Euro, but the fact is its the general population that sees the biggest benefit from the Euro. More specifically, the people in countries that traditionally had unstable economies are those that benefit the most. People in stable economies aren't really hurt by a more stable currency. Its actually the big business that is hurt by no longer being able to exploit the fluctuations in exchange rate.

Wiki article on Gold Standard

Wiki article on the Euro

 

beacuse we all know that wiki if a highly accurate true and unbiased representation right.

 

Wiki has shown to be very accurate. I remember seeing news articles saying that Wiki was about the same in accuracy as a standard encyclopedia. Wiki articles have been known to be more accurate and up-to-date than the media. For example, when the media was speculating on Chris Benoit, somebody had already posted his death, who else he killed, and how.

Regardless, I skimmed the articles after writing my reply. Its much easier to reference wiki here, than it is to reference my econ texts on the bookshelf. Whatever you think about wiki, these two articles have some good info on the subject matter.