Russia & China May Be Preparing New Gold Backed Currency

2012Bearcat

MegaPoke is insane
Gold Member
Oct 30, 2010
23,326
29,700
113

Most people take the worlds reliance on the dollar for granted but with our debt to GDP ratio around 130% that reliance maybe in jeopardy in the future. With Republicans looking like they will take over Congress and control the purse strings, it's time to start demanding sane fiscal policy and quit running up trillions of dollars in more national debt. Shouldn't matter what your politics we should all be able to agree running trillion dollar debts every year is not sustainable.
Naturally the Democrat solution will be what it always is, raise taxes, but we are already taxed to much. The solution comes from massive spending cuts, massive increase in government efficiency and reducing the size of our bloated government. Far to much money is spent on absolute BS and giving campaign donors a return on their investment.
 

Ponca Dan

Heisman Winner
Gold Member
Dec 7, 2003
15,343
14,212
113

2012Bearcat

MegaPoke is insane
Gold Member
Oct 30, 2010
23,326
29,700
113
The US could do this, but will politicians have to stones? I have my doubts.


While that would be a solid solution it's also one that will never happen.