Quote:
Originally Posted by Balalsubturfyooj
GreyWolf,
I appreciate you taking the time to explain.
As far as I understand the US dollar was backed by gold and that the notes printed in the early days represented the exact value of the gold represented. Is it fair to say that the US dollar is no longer backed by gold and does not represent its value also if this is true then its backed by nothing other then agreed trade value on a federal level with other nations? would you also say it is accurate?
It was suggested by "Alex Jones" that the US people are paying interest on their dollars both printed and coins. He went on to say most US citizens did not know this fact... Is there any truth in this ???
Thanks again for your time.
Later,
.
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On the first para - na, gold went years ago as a base for currency and all that's needed now is a good printing press, ink, paper and a degree of confidence
Not sure what Jones means by paying interest on dollars. The Fed can appear to operate in mysterious ways - sounds more like a secret society and you got to wonder who really "owns" the Fed. The whole foundation of that was always a mystery and very few people involved seen interested in being transparent
