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.

We went off the gold standard decades ago. :2 cents:

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).

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).

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.

:2 cents:

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.:thumbsup:2 cents:

Share the dangerous knowledge.. :)

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

where did you see this?

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

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 :2 cents:

usa has much much more debt than its gold reserve
it prints money to pay the debt and everyone accept its dollar.
because of americas name and power.
so they continue going the economy.
when people start prefering other currencys instead of dollar
then american economy comes to end.
irans role is important at this point because thinking of changing its curreny from dollar to euro.
then at this point an iran war must be a condition for america to survive.

but americans cant go further by supporting ,monkey kurds in north ıraq

putin collects all energy reserves in middle asia and around caspian sea.

americans only had ıraq petroluem in the hand as a result of spending billions

of dollars :))

and now they are afraid of turkeys operation to northern ıraq because they will have to go into war again .
and spend more more money.

after elections in turkey on 22 nd july current american supporter government

will go and anti american goverment will come to scene.

then monkey barzani wont be able to help america because our army will cut

his priceless head.

usa has much much more debt than its gold reserve
it prints money to pay the debt and everyone accept its dollar.
because of americas name and power.
so they continue going the economy.
when people start prefering other currencys instead of dollar
then american economy comes to end.
irans role is important at this point because thinking of changing its curreny from dollar to euro.
then at this point an iran war must be a condition for america to survive.

but americans cant go further by supporting ,monkey kurds in north ıraq

putin collects all energy reserves in middle asia and around caspian sea.

americans only had ıraq petroluem in the hand as a result of spending billions

of dollars :))

and now they are afraid of turkeys operation to northern ıraq because they will have to go into war again .
and spend more more money.

after elections in turkey on 22 nd july current american supporter government

will go and anti american goverment will come to scene.

then monkey barzani wont be able to help america because our army will cut

his priceless head.

It isn't a disclaimer at all. It is our national motto. The reason it was placed on our currency is because a lot of very religous people wanted it on our currency during the Civil War.

not more than you
make google and learn stg
world is not about you americans broken ass

you are a big moron learn some ecomics
economy is not about calculating your sponsor checks
gold is important and base between currency exchange
and you dont have enough reserves to backup your gold
only you have your name america when it flies you will have nothing

fucking mind stop looking your big ass hole .
turn your head to world

Wow I always thought they kept all that gold in AZ at Ron Cadwell's house
:winkwink:

No country on this planet backs their currency with gold. :2 cents:

I don't think the US dollar is 100% backed by gold, but there is a place called Fort Knox where the US government does keep alot of gold.

I dunno why people get so excited about a gold standard. Why not have a zinc standard? Uranium? Or how about a diamond standard? Cotton anyone?

I think Russia does.

You think wrong.

No country currently adheres to the gold standard.