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Editorial
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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: 371
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  

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