The use of the silver standard for the US dollar may have made goods and services cheaper, but the dollar was worth significantly less than gold. But now that gold is our current standard, the US dollar appears to have reached its limits. At least, that is what expert economists may think. However, I know of another way, which is by using diamonds, which are worth more than silver and gold combined!
Diamonds can be crafted and traded, unlike their gold counterparts. The United States government could use and maintain natural diamonds as the standard, while conducting research by manufacturing synthetic diamonds that will be finer and more precious than the originals. The US government will eventually create a super diamond, one that has never been created before, a diamond that no other country has, and then they can apply for a patent so that no other country can use it! Doing this would secure the US dollar for generations to come!
How exciting would it be to wake up and discover that your money is worth more than ever in the history of this country? Knowing that you will have financial security would be a true dream come true not only for me or my loved ones, but for the majority of the population, especially the poor.
Look, I’ve lived in poverty most of my life. I know what many of you are going through, like that feeling of not knowing if you will make it through the month or if you will be able to pay your bills and support your family. If the United States government used the diamond standard, we would have a more stable economy, where our future is planted in economic security for most of our lives! The economy would not collapse due to low government spending, the government could reduce taxes while protecting public welfare programs. Government officials would have no reason to be greedy because our elected and appointed officials would have plenty of money. Greed as an addiction statistically declines the moment the US dollar is worth more than the supply and demand for any product or service.
The only bad thing that could come from having a standard diamond is that governments around the world will try to produce their own super diamond. But that may be a long shot, especially when they can’t get the funds to patent their standard currency.