Technically speaking, there never was a singular "gold standard". There is a silver standard, and there was a bi-metallic standard of gold and silver.
I encourage you all to read this very enlightening discourse on the history of our currency, which begins with the constitution and steps through all of the coinage acts, the federal reserve act, and all other relevant acts which bring us to our current situation today: http://www.financialsense.com/fsu/editorials/gnazzo/2004/1020.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part3.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part4.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part5.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part6.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part7.html http://www.financialsense.com/fsu/editorials/gnazzo/2004/part8.html index (at the bottom): http://www.financialsense.com/fsu/editorials/gnazzo/archive.html The final conclusions of the discourse are: - Honest Money according to the Constitution is Silver and Gold Coin - The Silver Dollar is the standard of the United States monetary system - Only a constitutional amendment can change our monetary standard - Federal Reserve Notes are paper fiat debt obligations - Pure paper fiat monetary systems require perpetual and ever-increasing debt - Paper fiat currencies are a tool of wealth transference and are unconstitutional - The elite moneychangers fear gold as money as its use forces them to be honest - The international banking cartel has suppressed the use of gold and silver as money and has forced paper fiat debt money upon the world - Pure fiat debt money cannot pay off debt – it is debt - Only Honest Money that is no one’s debt or obligation can pay off debt - Gold and Silver are no one’s obligation or debt – they are Honest Money /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
