Forum
  Classifieds
  News
  Localband
  Shows
  Show Pics
  Polls

  OT Threads
  Other News
  Movies
  VideoGames
  Videos
  TV
  Sports
  Gear
  /r/
  Food

  New Thread
  New Poll

E-mail

New site? Maybe some day.

Username:

SPAM Filter: re-type this

(values are 0,1,2,3,4,5,6,7,8,9,A,B,C,D,E, or F)

Message:

UBB enabled. HTML disabled Spam Filtering enabledIcons: (click image to insert) Show All - pop

b i u add: url image video(?)

:	post by the_reverend at 2008-02-01 18:11:44

the government is not trying to keep up the dollar right now. they are saying that they are, but they aren't. everyone knows that.

there isn't enough gold in the world to back our dollar.
http://en.wikipedia.org/wiki/Gold_standard
At a gold price of US$800 per Troy ounce, or around $26,000 per kilogram, the value of this entire planetary stock would be $3.65 trillion, which is less than the value of cash circulating in the U.S. alone, where more than $7.3 trillion is in circulation or on deposit.

there also isn't a law for taxes... so what are you going to do about that? Our dollar has value because our government exists. If it was released how big the gold reserves were, then some other country with large investments here which are equal to more than reserves, ie china, india, britian, they could cause a run on the banks that would collapse our economy.

[default homepage]

[print][

4:53:23pm May 10,2024
load time 0.00725 secs/10 queries]

[search]

[refresh page]