Quote Originally Posted by Crocodile View Post
Did I get you right?
Sorry for the late answer, was off-line for some time.
Yes, you did get me right, but the situation is a bit more general than you describe and it's not limited by USA/Russia.


Quote Originally Posted by Crocodile View Post
but simply has no choice.
Perhaps, but why this should be a problem of mine?

Quote Originally Posted by Crocodile View Post
The US economy (as much as of many other countries) is run in large by the Monetarists (Monetarism - Wikipedia, the free encyclopedia). That had happened historically and that approach seems to guide many modern economists today. If you have a currency that's not worth to be passively saved, you would be OBLIGED TO INVEST it. That motivates the set up of the new enterprises and creates more goods and services (=the value) as well as the employment.
That's the problem, yes. The fact that I'm obliged to invest money. Can't agree that this is a fair practice.

That generates the government income (=taxes) which officially support the currency.

Quote Originally Posted by Crocodile View Post
The more business activity is happening, the better the government income is. And what matters to people is that they ultimately can consume those goods and services (=exchange among each other) and nothing else. That's how the US is evading another Great Depression. That's neither casuistry nor sophistry.
Sophistry is using this rhetoric while printing dollars. Again, why other countries should be concerned about US economy?

Quote Originally Posted by Crocodile View Post
So, if the goods-exporting countries would be obliged to pay with the golden standard, their goods production would decline ultimately hurting even the average consumer of the resource-exporting countries...
Nowdays, the stores are stuffed with goods (perhaps being expensive or low quality), but going to the golden standard would effectively eliminate those goods from the stores.
I missed you at this turn. No matter how scarce the good-production would be - it would remain and sell those goods to those who's able to pay. Besides, a real goods-producing country is China, not USA or some other West-European country. China too has doubts about using US dollar as a reserve currency. What makes USA unique? What USA really produces for export except printed dollars?

Quote Originally Posted by Crocodile View Post
So, my entire point was: please be aware that by advocating golden currency you actually advocating economic decline for the whole world. Please, try to think it through objectively before you call me a sophist.
Not the whole world, just the north-western part of it. Besides, they would have a choice of either to try to continue living the way they've been living for the past several decades or try to do something about their economies.

Also, I think you'll find this link very interesting:
http://www.vz.ru/economy/2011/5/30/495567.html

English version here:
Utah House Passes Bill Recognizing Gold, Silver as Legal Tender - FoxNews.com