[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Colbert LOSES IT, Tells Trump GO F YOURSELF After His Show IS NUKED The question is WHY? I am the Witness is back online Harley-Davidson Las Vegas and Byrna: Power. Freedom. Common-Sense Protection ELON MUSK: EUROPE IS ON TRACK FOR "WIDESPREAD SLAUGHTER" Fight breaks out on Virgin Atlantic flight from Montego Bay, Jamaica to London Heathrow. Caitlin Johnstone: Israel's Depravity Will Always Find New Ways To Shock You Gen Z Is Returning To Religion. Why? Nashville ICE Crackdown: 300,000 Criminal Aliens Deported Under Trump! ICE Troops EMPTY ‘Migrant Suburb’... WHOLE TOWN Deported in 2 Hours The U.S. Is the #1 Buyer of Sex With Children—Here’s Why No One Talks About It We Are Not Prepared to Confront China Former Secretary of Transportation Pete Buttigieg blew $80 BILLION on DEI grants The Coming $187 BILLION Revolution in Healthcare Courtesy of AI "Effective Immediately": Shipping Line Suspends EV Cargo Due To Lithium Battery Fire Concerns Century Heat Scorches China: 158℉ Ground, Glass Explodes, ACs Bursting into Flames Gaza Isn't Starving, It Is Being Starved "Plan On It!" Martin Armstrong Sees '100% Chance Of Nuclear War' The Fed Pours Jet Fuel On The Inequality Gap Mag 7 Quake off the coast of Northern California Making Sense of Elon Musk's Plans. Ode to the Jeffrey Epstein Files (🔥 Just Forget About It!) – AI Parody Song ‘We are the big tent party of freaks and misfits.’ Deutschland Unter Allen! Inbound: Earth Changes, Inflation, Food Riots, Civil Wars What REALLY brought down Building 7? Firefighters expose the truth of 9/11 Locusts Descending on Ukraine Seven Reasons Why PBS And NPR Deserve To Be Defunded Why the U.S. Buys So Much Nuclear Fuel From Russia | WSJ Another No News Day

Editorial
See other Editorial Articles

Title: I will pay you $1,000
Source: [None]
URL Source: [None]
Published: Sep 26, 2008
Author: me
Post Date: 2008-09-26 08:56:48 by Itisa1mosttoolate
Keywords: None
Views: 353
Comments: 13

if you can prove that the United States Dollar is backed by gold and/or silver.

All the Treasury needs to do is use paper and ink and printing presses to make "money."

Post Comment   Private Reply   Ignore Thread  

#1. To: Itisa1mosttoolate (#0)

I don't believe that the US government makes such a claim.

Antiparty - find out why, think about 'how'

a vast rightwing conspirator  posted on  2008-09-26   9:05:30 ET  Reply   Trace   Private Reply  

Which claim is that?

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   9:13:37 ET  Reply   Trace   Private Reply  

The dollar has not been backed by gold since August 1971 when Nixon closed the gold window. However, we have not been a pure fiat currency since then, because we instead went to a de-facto "petrodollar standard". This is why it's been so important to keep every petroleum exporting country accepting our dollars for their oil. When Saddam took started accepting euros for oil, we had to demonize him and ultimately invade Iraq. Now Iran is accepting euros for their oil, and guess who we're going to attack next?

So long as the NYMEX in New York and the IPE in London take dollars for oil, and they handle the vast majority of oil transactions, the dollar has something backing it. The moment that falls apart, the dollar will revert to its true value, which is basically the value of the paper its printed on.

Gold and silver are REAL money, paper is but a promise.

Elliott Jackalope  posted on  2008-09-26   9:19:49 ET  Reply   Trace   Private Reply  

Huh?

robnoel  posted on  2008-09-26   9:20:22 ET  Reply   Trace   Private Reply  

Come on Rob you know better than that.

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   9:26:37 ET  Reply   Trace   Private Reply  

FDR goes off Gold Standard in 1933

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   9:49:12 ET  Reply   Trace   Private Reply  

I still don't get your statement whats the point with the link to Liberty Dollars ?....which is a scam wrapped in patriotism

robnoel  posted on  2008-09-26   10:49:59 ET  Reply   Trace   Private Reply  

I'll pay $2,000

if you can prove that the United States Dollar is backed by gold and/or silver.

All the Treasury needs to do is use paper and ink and printing presses to make "money."

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   16:47:15 ET  Reply   Trace   Private Reply  

I still don't get what you saying to be correct the gold dollar relationship ended for Americans in 1933...whats your point?

robnoel  posted on  2008-09-26   17:59:26 ET  Reply   Trace   Private Reply  

My point

It's just paper and ink

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   18:10:25 ET  Reply   Trace   Private Reply  

U just figured that out?

robnoel  posted on  2008-09-26   20:04:41 ET  Reply   Trace   Private Reply  

All the Treasury needs to do is use paper and ink and printing presses to make "money."

David Blaine should try that for his next grand illusion.

David Blaine should the next fed chairman (if he meets the religious pre- requisite).

AIPAC/PNAC/ADL/NAACP/FEDERAL RESERVE/SPLC/JINSA/ACLU/CHRISTIAN ZIONISTS/AEI/FEDERAL MEDIA & HOLLYWOOD: Oh, those Islamofascists.

wbales  posted on  2008-09-26   20:12:42 ET  Reply   Trace   Private Reply  

I didn't 'just' figure it out, I've known it for a long time.

I was just answering your "What's your point?" question.

real-debt-elimination

Itisa1mosttoolate  posted on  2008-09-26   20:12:53 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]