[Jimbo]

[ QUOTE ]
gold standard could be applied to our money at a much lower rate than it was in the past, making it worth exactly what its worth for gold on the open market, doing nothing but removing the ability for the fed to PRINT money and devalue the currency any further! why does no one understand this?

[/ QUOTE ]

Because it is not accurate. The US dollar will devalue untill our exports begin to exceed out imports. Drilling for more oil in US territory would lead to an immediate increase in the value of the dollar worldwide. The FED has very little influence on the dollar value, increasing M2 only affects inflation but even then interest rates have a much greater impact.

The main culprit in the decline of the dollar if you insist on blaming a single entity should be placed on the IMF. Do a little study on why and get back to me.

Jimbo