No I don't think the money should be based on Gold,I think the stability and security of the money is based on the financial condition of the country and its basic economic foundation. I don't think the US with 22 trillion$ in debt that is being increased at the rate of 1 Trillion$ a year partly coming from conjured up Fed money and increasing entitlement,pension and other financial obligations over 100 Trillion$ and increasing all the time is in a very stable long term situation.Especially since there is no sign any spending and borrowing will let up much less pay back.How can it continue indefinitely like it looks like it will now? How long? Other countries have tried to do the same thing and sooner or later the Economic Grim Reaper shows up,granted the USA is bigger and has more economic tools at its disposal but sooner or later the well will run dry.And as the old saying goes "The bigger they are the harder they fall" No one around to bail out this country that is "Too big to fail".Actually I hope I'm wrong at least for my lifetime but I can't ignore basic economics either.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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