Where does U.S. gorvernment store all its gold, to back paper currency? - GoFuckYourself.com

NTM · 06-26-2007, 02:21 AM

Where does U.S. gorvernment store all its gold to back the paper currency?

notabook · 06-26-2007, 02:32 AM

Masterchief · 06-26-2007, 02:37 AM

US money...backed by gold?

that hasn't been the case for a longggggg time.

NTM · 06-26-2007, 02:38 AM

what happened to it?

GreyWolf · 06-26-2007, 02:40 AM

You Forgot Poland · 06-26-2007, 02:44 AM

In China

starpimps · 06-26-2007, 02:48 AM

LOL watching diehard?
the Bullion Depository has gold

but it doesnt backup paper currency, lolcopter

jalami · 06-26-2007, 05:37 AM

Lol... for a while now the US dollar's been backed up by hopes and dreams. Look up "fiat currency" on wikipedia. Scared yet?

Porn Farmer · 06-26-2007, 06:00 AM

Quote:

Originally Posted by NTM

Where does U.S. gorvernment store all its gold to back the paper currency?

Seriously, are you 16 or something?

NTM · 06-26-2007, 06:02 AM

Quote:

Originally Posted by Porn Farmer

Seriously, are you 16 or something?

Im not american

Dirty Dane · 06-26-2007, 06:04 AM

e-gold.com

Dirty Dane · 06-26-2007, 06:05 AM

First I believed it was Fort Knox, but I heard it was somewhere else actually. Can't remember the name of place right now

AmigoPorn · 06-26-2007, 06:08 AM

This is an interesting film In it, they talk about Fort Knox and other stuff

JFK · 06-26-2007, 06:25 AM

Quote:

Originally Posted by Dirty Dane

First I believed it was Fort Knox, but I heard it was somewhere else actually. Can't remember the name of place right now

Its all in your mind

who · 06-26-2007, 06:39 AM

in www.moneycashdollarbucks.com

jonesonyou · 06-26-2007, 06:42 AM

nowhere...

emergenseeds · 06-26-2007, 06:42 AM

What gold! hahahaha.

It's gona be complete Humor when China is going to collect their Debts.

Even as a non American, it won't be a bad idea to have some under yer matrass.

campimp · 06-26-2007, 06:44 AM

Quote:

Its all in your mind

thats the truest answer of them all... you can thank Nixon for removing the gold standard, i believe was in 1971... now the value of the dollar is all psychological

the dollar is respected for a couple reasons..

1) america being viewed as the strongest country , politically and militarily
2) america is the worlds manufacturer of goods

OH WAIT>>>>>> neither of those reasons exist anymore

only reason the dollar hasnt collapsed 100% yet is that the world trades oil for dollars (most of it does at least, except Iran and Russia I believe at this time)

should the entire OPEC group start sellling oil for euros you will have to start carrying a bagfull of dollars to the store to pick up roll of toilet paper

all fiat monies are doomed

BUY GOLD

NTM · 06-26-2007, 06:47 AM

how can a country not have a gold reserve to back up the currency? this is fucked.

campimp · 06-26-2007, 06:49 AM

Quote:

how can a country not have a gold reserve to back up the currency? this is fucked.

yup

but how else could america print money out of thin air to pay for wars

ADL Colin · 06-26-2007, 06:52 AM

Quote:

Originally Posted by NTM

how can a country not have a gold reserve to back up the currency? this is fucked.

Why should a country back up its currency with the amount of a pretty metal which they manage to keep in a vault somewhere?

Anyway, there is a whole history to this. Read about Bretton Woods and then the collapse of the standard in, I believe, '71. As with most things there are both pro and con reasons for abandoning the standard.

emergenseeds · 06-26-2007, 06:59 AM

Get it printed in Korea right?

I think i remember hearing the US has the biggest debt in the world. Funny how Bush just got an other 100 billion...

How much did you say? And... where does this money come from exactly?

Well the good news is. With a 100 Billion they can at least stay an other 3 months in Iraq & Afghanistan.

Oh well..

campimp · 06-26-2007, 07:12 AM

Quote:

And... where does this money come from exactly?

1) The U.S. issues Treasury Bonds
2) The Federal Reserve Buys these bonds from the government
3) The Fed buys them with a book keeping entry (yes, that means out of thin air)
4) the free money is then sent into the American government

and in case you were wondering... the fed reserve is the biggest scandal in american history (more so than monica lewisnky even) completely against the constitution to have a private company in control of the countrys money supply

emergenseeds · 06-26-2007, 07:16 AM

It was a retorical question but nice one campimp!

Money Masters!

V_RocKs · 06-26-2007, 07:28 AM

Quote:

the cost of goods and services remained relatively consistent between 1635 and 1913, around a level of roughly 25 times the buying power of the U.S. dollar in 2006. Substantial devaluing of money has occurred only since the creation of the Federal Reserve Bank and its established system of credit

Scary shit!

ADL Colin · 06-26-2007, 07:28 AM

25 gold bugs!

Barefootsies · 06-26-2007, 07:36 AM

Quote:

Originally Posted by Masterchief

US money...backed by gold?

that hasn't been the case for a longggggg time.

No shit. Nixon administration.

Barefootsies · 06-26-2007, 07:38 AM

Quote:

Originally Posted by campimp

1) The U.S. issues Treasury Bonds
2) The Federal Reserve Buys these bonds from the government
3) The Fed buys them with a book keeping entry (yes, that means out of thin air)
4) the free money is then sent into the American government

and in case you were wondering... the fed reserve is the biggest scandal in american history (more so than monica lewisnky even) completely against the constitution to have a private company in control of the countrys money supply

Exactamundo..

haig · 06-26-2007, 07:42 AM

when iran starts selling their oil by euro ?
you can use your greens to clean your ass.
or send me a ton of them and will send you back 1 ?
dont forget second world war in europe childs were playing with own curreny banknotes
so start storing some gold instead of your green paper

Mr Steele · 06-26-2007, 07:44 AM

http://video.google.ca/videosearch?q=federal+reserve Lotta good info out there on the subject.
Check out info on the "Amero" too.

Canada gets fucked the same way through the Bank of Canada (Our version of the Fed)... Most of the people on the Board of Directors of both operate in the City of London.

President Woodrow Wilson after creating the Federal Reserve said:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
~ Woodrow Wilson

"It is well that the people of the nation do not understand our banking and monetary system, for
if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President
[Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst
legislative crime of the ages is perpetrated by this banking and currency bill." --
Charles A. Lindbergh, Sr. , 1913

madawgz · 06-26-2007, 07:47 AM

they dont have enough gold to back it up

sltr · 06-26-2007, 07:54 AM

is any country's currency currently backed up by a precious metal?

Phoenix · 06-26-2007, 07:56 AM

maybe i should start buying gold coins

tranza · 06-26-2007, 07:59 AM

Oh boy....

Danny_C · 06-26-2007, 08:00 AM

We back our dollars Enron-style.

TheDoc · 06-26-2007, 08:13 AM

Someone above said some different areas that holds US money, we also have a real print machine which isn't used, land and 1000's of corporations, many in eu and pretty much every other country in the world too.

And Fort Knox has 147.3 million ounces of gold...

Isn't the national dept the amount we can't cover in gold? Maybe some other stuff, either way it's a fake number. We aren't even spending US money, nobody is - just bs iou notes and green fake paper.

WarChild · 06-26-2007, 08:21 AM

Quote:

Originally Posted by emergenseeds

What gold! hahahaha.

It's gona be complete Humor when China is going to collect their Debts.

Even as a non American, it won't be a bad idea to have some under yer matrass.

Way to understand economies.

Do you think China is going to send over the ACME credit collection agency? Maybe they're going to close their doors to the World's largest consumer market and sink their own economy?

haig · 06-26-2007, 09:18 AM

china and japan are dependent to usa economy
so they have to suppport usa if they want to survive
on the other side if they dont support iran at the near future when usa reaches all energy reserves of world im sure they will decrease chinas and japans energy
so difficult game for china
im sure irans end is coming slowly if they insist on converting to euro
americans know very good starting war by telling fake stories like they did in ıraq
where are mass destruction weapons
saddam must put them wings and they flied .
i m sure they have good reasons for iran now as they had for iraq.

pocketkangaroo · 06-26-2007, 09:23 AM

Quote:

Originally Posted by emergenseeds

What gold! hahahaha.

It's gona be complete Humor when China is going to collect their Debts.

Even as a non American, it won't be a bad idea to have some under yer matrass.

It'll be humor when you're out of business? Lets be honest, without the American economy, most people here don't have jobs.

Dollarmansteve · 06-26-2007, 09:28 AM

It's amazing how dangerous people are with their ideas when they have a little bit of knowledge.

D · 06-26-2007, 09:33 AM

Quote:

Originally Posted by campimp

1) The U.S. issues Treasury Bonds
2) The Federal Reserve Buys these bonds from the government
3) The Fed buys them with a book keeping entry (yes, that means out of thin air)
4) the free money is then sent into the American government

and in case you were wondering... the fed reserve is the biggest scandal in american history (more so than monica lewisnky even) completely against the constitution to have a private company in control of the countrys money supply

Not that I don't agree that the situation's been fucked pretty much ever since Wilson's presidency...

but where, exactly, is the Fed "completely against the constitution"?

Coining money and regulating commerce are powers reserved for Congress - but I don't believe there's any stipulation on whether or not they can employ a private company to facilitate the matter.... seems a bit overly specific for the U.S. constitution.

Shoehorn! · 06-26-2007, 09:33 AM

We went off the gold standard decades ago.

pocketkangaroo · 06-26-2007, 09:35 AM

Can anyone name a country that works off the gold standard? Nope.

People clamoring for the Gold standard don't understand how economies work. With a gold standard, most people wouldn't be able to buy homes, have credit cards, take out business loans. Seriously guys, read some basic books on our economy (and the economy of every country).

pocketkangaroo · 06-26-2007, 09:37 AM

Can anyone name a country that works off the gold standard? Nope.

People clamoring for the Gold standard don't understand how economies work. With a gold standard, most people wouldn't be able to buy homes, have credit cards, take out business loans. Seriously guys, read some basic books on our economy (and the economy of every country).

D · 06-26-2007, 09:39 AM

Quote:

Originally Posted by NTM

how can a country not have a gold reserve to back up the currency? this is fucked.

No country currently has the gold standard.

So wherever you live, it's the same way. It's not just the U.S.. It's all fiat currency now.

leedsfan · 06-26-2007, 09:43 AM

Quote:

Originally Posted by NTM

Where does U.S. gorvernment store all its gold to back the paper currency?

what i love is the fact that the bank responsible for printing all the money (Federal Reserve Bank) in the US is actually a privately owned bank (mostly by Europeans), and they get paid back by taxpayers (eventually). It's a beautiful system.

Fair play to them thats what i say. No one seems to complain.

Here's how the system works:

1>The US Gov says "We need more money printed to keep our economy afloat"
2>The F.R.B. prints more money
3>Taxpayers then owe that money back to the F.R.B.
Repeat until the economy goes bust or the dollar is worth as much as an Italian lira.
Every time this happens it simply adds more debt to the debt ridden economy, but who cares because you have an immediate cash flow surplus.

currently US borrow 1.9 billion dollars a day to pay interest on it's debts.

Until recently China was the biggest lender to the US, but they have decided to stop lending money.

What does this lead to? Printing more money, and more debt incurred to foreign lenders. Rising interest rates, and foreclosures on many properties, and great opportunities for the wealthy to add considerable real estate portfolio assets for pennies on the dollar.

Sounds good to me.

TheDoc · 06-26-2007, 10:02 AM

Quote:

Originally Posted by Dollarmansteve

It's amazing how dangerous people are with their ideas when they have a little bit of knowledge.

Share the dangerous knowledge..

_Richard_ · 06-26-2007, 10:06 AM

>Until recently China was the biggest lender to the US, but they have decided to stop lending money.

where did you see this?

The Duck · 06-26-2007, 10:08 AM

why dont you watch the doc money as debt on google video.

Stephen · 06-26-2007, 10:12 AM

Quote:

Originally Posted by D

No country currently has the gold standard.

So wherever you live, it's the same way. It's not just the U.S.. It's all fiat currency now.

Exactly.

I'll also point out what it says on US currency: "In God We Trust" ? not a mere religious statement, it's also a disclaimer that trust should be put elsewhere than on a piece of paper or round of non-precious metal.

It's not like you weren't warned

06-26-2007, 02:21 AM	#1
NTM So Fucking Banned Join Date: Jul 2006 Posts: 1,087	Where does U.S. gorvernment store all its gold, to back paper currency? Where does U.S. gorvernment store all its gold to back the paper currency?

06-26-2007, 02:32 AM	#2
notabook Confirmed User Join Date: Apr 2006 Location: Not a Library! Posts: 9,748	__________________

06-26-2007, 02:48 AM	#7
starpimps Confirmed User Join Date: Sep 2006 Location: internets Posts: 6,954	LOL watching diehard? the Bullion Depository has gold but it doesnt backup paper currency, lolcopter __________________ Teen Porn Models / Solo Girls

06-26-2007, 05:37 AM	#8
jalami Confirmed User Industry Role: Join Date: May 2004 Location: Costa Rica Posts: 845	Lol... for a while now the US dollar's been backed up by hopes and dreams. Look up "fiat currency" on wikipedia. Scared yet? __________________ IntegralPay LLC \| www.integralpay.com Payment solutions outside the box! Ask about credit card, electronic checks, and alternative payments processing

06-26-2007, 06:08 AM	#13
AmigoPorn Too lazy to set a custom title Join Date: Jul 2003 Location: Mexico - So far away from god, so close to the United States Posts: 21,583	This is an interesting film In it, they talk about Fort Knox and other stuff __________________ ICQ: 267899523 Last edited by AmigoPorn; 06-26-2007 at 06:09 AM..

06-26-2007, 02:37 AM	#3
Masterchief Confirmed User Join Date: Jun 2006 Posts: 530	US money...backed by gold? that hasn't been the case for a longggggg time.

06-26-2007, 02:38 AM	#4
NTM So Fucking Banned Join Date: Jul 2006 Posts: 1,087	what happened to it?

06-26-2007, 02:40 AM	#5
GreyWolf So Fucking Banned Join Date: Jun 2007 Posts: 2,036

06-26-2007, 02:44 AM	#6
You Forgot Poland So Fucking Banned Join Date: Jun 2007 Posts: 286	In China

06-26-2007, 06:04 AM	#11
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	e-gold.com

06-26-2007, 06:05 AM	#12
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	First I believed it was Fort Knox, but I heard it was somewhere else actually. Can't remember the name of place right now

06-26-2007, 06:39 AM	#15
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	in www.moneycashdollarbucks.com

06-26-2007, 06:42 AM	#16
jonesonyou Confirmed User Join Date: Sep 2003 Location: Lincoln, NE Posts: 3,853	nowhere... __________________ Completely Real Amateur girls doing awesome things! Signup to promote Nebraskacoeds Today! Hit me up on ICQ/AIM 473324556/jasonnecoeds for exclusive content to promote with! And any ?'s

06-26-2007, 06:42 AM	#17
emergenseeds Registered User Join Date: Jan 2005 Location: Amsterdam Posts: 22	What gold! hahahaha. It's gona be complete Humor when China is going to collect their Debts. Even as a non American, it won't be a bad idea to have some under yer matrass. __________________ "Life CAN Get All Up In Ya Ass Bébé.. You Better Work It Out!" De La Soul ------------------------------------------------ * Crazy White Sean - Armifer - AMSUS - Sensis *

06-26-2007, 06:47 AM	#19
NTM So Fucking Banned Join Date: Jul 2006 Posts: 1,087	how can a country not have a gold reserve to back up the currency? this is fucked.

06-26-2007, 06:59 AM	#22
emergenseeds Registered User Join Date: Jan 2005 Location: Amsterdam Posts: 22	Get it printed in Korea right? I think i remember hearing the US has the biggest debt in the world. Funny how Bush just got an other 100 billion... How much did you say? And... where does this money come from exactly? Well the good news is. With a 100 Billion they can at least stay an other 3 months in Iraq & Afghanistan. Oh well.. __________________ "Life CAN Get All Up In Ya Ass Bébé.. You Better Work It Out!" De La Soul ------------------------------------------------ * Crazy White Sean - Armifer - AMSUS - Sensis *

06-26-2007, 07:16 AM	#24
emergenseeds Registered User Join Date: Jan 2005 Location: Amsterdam Posts: 22	It was a retorical question but nice one campimp! Money Masters! __________________ "Life CAN Get All Up In Ya Ass Bébé.. You Better Work It Out!" De La Soul ------------------------------------------------ * Crazy White Sean - Armifer - AMSUS - Sensis *

06-26-2007, 07:28 AM	#26
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	25 gold bugs! __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

06-26-2007, 07:42 AM	#29
haig Confirmed User Join Date: Jan 2005 Posts: 317	when iran starts selling their oil by euro ? you can use your greens to clean your ass. or send me a ton of them and will send you back 1 ? dont forget second world war in europe childs were playing with own curreny banknotes so start storing some gold instead of your green paper

06-26-2007, 07:44 AM	#30
Mr Steele Confirmed User Join Date: Jan 2007 Location: Toronto Posts: 392	http://video.google.ca/videosearch?q=federal+reserve Lotta good info out there on the subject. Check out info on the "Amero" too. Canada gets fucked the same way through the Bank of Canada (Our version of the Fed)... Most of the people on the Board of Directors of both operate in the City of London. President Woodrow Wilson after creating the Federal Reserve said: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men. ~ Woodrow Wilson "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford "This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." -- Charles A. Lindbergh, Sr. , 1913 __________________ www.memberchannels.com New Full length DVD's in Flash and Window Media formats RSS tool to let your members know when we add new content Get in touch with me for great deals! ICQ: 304-216-163

06-26-2007, 07:47 AM	#31
madawgz 8.8.8.8 Industry Role: Join Date: Mar 2006 Location: Noordermarkt Posts: 30,509	they dont have enough gold to back it up __________________ TAEMDLRMSKRJIXMRLSMRJ.

06-26-2007, 07:54 AM	#32
sltr Confirmed User Join Date: Dec 2002 Posts: 3,191	is any country's currency currently backed up by a precious metal?

06-26-2007, 07:56 AM	#33
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	maybe i should start buying gold coins __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

06-26-2007, 07:59 AM	#34
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	Oh boy.... __________________ I'm just a newbie.

06-26-2007, 08:00 AM	#35
Danny_C Confirmed User Industry Role: Join Date: Feb 2002 Location: Philadelphia, PA Posts: 2,160	We back our dollars Enron-style.

06-26-2007, 08:13 AM	#36
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Someone above said some different areas that holds US money, we also have a real print machine which isn't used, land and 1000's of corporations, many in eu and pretty much every other country in the world too. And Fort Knox has 147.3 million ounces of gold... Isn't the national dept the amount we can't cover in gold? Maybe some other stuff, either way it's a fake number. We aren't even spending US money, nobody is - just bs iou notes and green fake paper. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

06-26-2007, 09:18 AM	#38
haig Confirmed User Join Date: Jan 2005 Posts: 317	china and japan are dependent to usa economy so they have to suppport usa if they want to survive on the other side if they dont support iran at the near future when usa reaches all energy reserves of world im sure they will decrease chinas and japans energy so difficult game for china im sure irans end is coming slowly if they insist on converting to euro americans know very good starting war by telling fake stories like they did in ıraq where are mass destruction weapons saddam must put them wings and they flied . i m sure they have good reasons for iran now as they had for iraq.

06-26-2007, 09:28 AM	#40
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	It's amazing how dangerous people are with their ideas when they have a little bit of knowledge. __________________ I died.

06-26-2007, 09:33 AM	#42
Shoehorn! Die With Your Boots On Join Date: Oct 2003 Location: Hawaii Posts: 22,872	We went off the gold standard decades ago. __________________

06-26-2007, 09:35 AM	#43
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Can anyone name a country that works off the gold standard? Nope. People clamoring for the Gold standard don't understand how economies work. With a gold standard, most people wouldn't be able to buy homes, have credit cards, take out business loans. Seriously guys, read some basic books on our economy (and the economy of every country).

06-26-2007, 09:37 AM	#44
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Can anyone name a country that works off the gold standard? Nope. People clamoring for the Gold standard don't understand how economies work. With a gold standard, most people wouldn't be able to buy homes, have credit cards, take out business loans. Seriously guys, read some basic books on our economy (and the economy of every country).

06-26-2007, 10:06 AM	#48
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	>Until recently China was the biggest lender to the US, but they have decided to stop lending money. where did you see this?

06-26-2007, 10:08 AM	#49
The Duck Adult Content Provider Industry Role: Join Date: May 2005 Location: Europe Posts: 18,243	why dont you watch the doc money as debt on google video. __________________ Skype Horusmaia ICQ 41555245 Email [email protected]