Tagged: gold standard  Powering Up the Economy  April 27th, 2009
in Applied Science, Fall 2009 0 comments  Perhaps it’s time to
back the dollar with energy.  Is it time to consider alternative
currency valuations?  Is it time to consider alternative
currency valuations?  Every time you turn on the TV or surf the
Internet, you are bombarded with news ofthe current economic
crisis. Although the media has portrayed an abysmal future for
us, President Obama has declared that he will fix it. Despite
President Obama’s New Deal-like policies, it is still clear that
the US dollar has not recovered from the financial meltdown. The
idea that the dollar could be undervalued or considered weak
seems preposterous. After all, wasn’t the US Dollar (USD) backed
by solid gold at some point in time? How has the USD reached a
point where its value fluctuates based on people trading the
dollar instead of being valued at the same price as gold?  The
Dollar – Off the Gold Standard  Unfortunately, the dollar is not
backed by gold t