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CanuckInUSA

Obama is a fraud

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The price of gold only increases if you add more dollars to circulation.



In US dollars, but not for the rest of the world. You would have to fix the US dollar against an ounce of gold. But on the free market, the price of gold in Euros or yen etc will continue to fluctuate.

The US government will continually have to manipulate the exchange rates to equalize everything, specially when it comes to interest rate changes.

Remember that the gold standard was in place when the price of gold was very stable, something that certainly isn't the case anymore.

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:o:o:o

Any idea what to google to read more about this without getting inundated with crap?



Here's a quick link.
http://www.ireport.com/docs/DOC-158188

From the link:

"iReport.com is a user-generated site. That means the stories submitted by users are not edited, fact-checked or screened before they post. Only stories marked 'On CNN' have been vetted for use in CNN news coverage." (emphasis mine -jcd11235)
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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