Fratto says We will go back to horse driven carriage before we go back to gold standard. Who is Fratto?
With all the horse shit coming out of Washington and the Left, there must be MORE than 300 million horses already...
Isn't it also not a great idea to use a finite commodity for an infinite popation that grows exponentially, and lives much longer due to modern medicine achievements?
Important question-: If gold standard is introduced, will the forex trading business shut down because forex trading involves trading in USD/EUR, USD/GBP, EUR/GBP and other currency pairs. Forex trading also involves Gold/USD and Silver/USD trading pair.
Forex trading transactions worldwide are worth $3 Trillion per day. That is 40 times the size of Nasdaq. If Forex business shuts down then Obama will beg on the streets. Now could someone please tell me if gold standard is introduced, will the forex industry/business shut down/destroyed?