A move away from debt-based currencies to a system somewhat based on hard assets is not out of the picture if the global economy doesn’t recover, some investors say.
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The *age-old idea is attracting new fans, amid growing investor concern that enormous government borrowing is weakening the dollar and spark hyper-inflation.
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CNBC's Steve Liesman with a look at the sagging U.S. dollar and putting the nation back on the gold standard, with James Grant, Grant's Interest Rate Observer.
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Central bankers are in the business of "currency manipulation," James Grant, editor of Grant's Interest Rate Observer, told CNBC Thursday.* He wants a "modernized, 21st century gold standard that checks the capacity of central banks to print money."
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