[escapee]

Ron Paul golden solution nobody cares ....

Yale Daily News - Zink Plan’s return to gold standard will save U.S.

This is where currency printing enters the equation. Every dollar that we print tends to reduce the value of every other dollar currently in circulation. Hence, the more money we print, the less our debt is actually worth. Why, one might ask, don’t we simply print out $9.16 trillion, and then use it to pay off our creditors?

The answer, of course, is that this would destroy our economy. It happened in Germany in 1922-1923, when the government printed enormous sums of money to pay off its World War I debt, resulting in inflation so severe that it became more cost-effective for Germans to burn their paper money than buy firewood with it, per USAgold.com. Yet it’s also well known that within a few years of this collapse, Germany had completely revitalized its economy and refashioned itself into a major industrial power.

What was Germany’s secret to stopping the inflation? Ron Paul knows — it was gold! When the Germans introduced a new gold-backed currency, their economy suddenly stabilized. Here, then, is the Zink Plan:

First, the U.S. will borrow an enormous sum of money from foreign creditors, and use that money to buy an equally enormous quantity of gold. Immediately afterwards, the Federal Reserve will issue trillions upon trillions of dollars, causing our currency to almost completely devalue. Once this has happened, we can pay back all of our debts with our nearly worthless currency.

We could then introduce a new gold-backed currency (let’s call it the “dhollar,” silent “h”). We’ll mandate that everyone holding U.S. dollars redeem their currency for the “dhollar,” completely reversing the progress of inflation and revitalizing our economy.