In “I love Gooooooooooold” by Brian Glover, Glover brings up the issue of the Federal Reserve and just how much our money is worth. Click here for a full view of this blog. Although you cannot currently use gold as a direct exchange, Grover, like many Americans, believed that the paper money used for everyday purchases is backed up by real gold in the Federal Reserve. Even though this is partially true, the amount of paper money far outweighs the value of gold in the Federal Reserve. This creates many problems, such as inflation, in an already hurting economy. Glover talks about all this in “I love Gooooooooooold”, and talks about the consequences this could have. Glover, being just an average citizen, is a great example of who is affected by the problem facing the national gold supply and just when citizens need to get concerned.
It is no secret that the United States economy is in trouble, and something needs to be done. By creating a system on false exchanges, with no real gold to back up each purchase made, inflation will only continue to rise and soon there will be no way to reverse the problem. If something is not done the value of the dollar will melt down, and as Glover quotes, soon citizens will be forced to find alternatives in exchanging goods. Glover does a good job in looking at the lack of gold issue as not just a concern of the government, but of all citizens. If the government does not find a way to fix the problem, then citizens will be forced to pay for all resulting monetary problems.
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