I understand and agree that we need to get rid of the Fed and use sound money. I am really new to reading about the Fed, and the gold standard, so bear with me.
How can we realistically make the switch from our current system to a gold standard?
What would happen to everyone's financial position? For example, someone who is a millionaire and does not have a mountain of debt. Most of his money is in the stock market? Would he suddenly lose all of his wealth by losing his money in the stock market?
How can we realistically make the switch from our current system to a gold standard?
What would happen to everyone's financial position? For example, someone who is a millionaire and does not have a mountain of debt. Most of his money is in the stock market? Would he suddenly lose all of his wealth by losing his money in the stock market?