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House GOP Wants to Cut $1B From Disaster Funds to Finance Trump's Imaginary Border Wall

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Targetpractice8/31/2017 10:23:09 am PDT

re: #260 makeitstop

That’s insane. There is not enough gold in the world, since they began mining gold, to cover the US’ nut.

We’d have to kill about 2/3 of ur current economy to get back on the gold standard, IIRC.

It would be worse than that. Most of the world uses the USD as a reserve currency, set the economies by how much the USD will buy on a given day, and rely upon USDs to keep their economies afloat. Reenact the gold standard and that all goes away, including our massive advantage of being able to borrow at ridiculously low cost.

Basically, the US would surrender being world leader overnight.