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[Chinookman]

Originally Posted by drcampbell

Please provide a citation. It would be interesting to know how that author arrived at the conclusion that gold is the sole asset "backing" paper dollars. It would also be interesting to see the data for paper money in circulation vs. gold on reserve.

I think we all missed the point here.

The US Dollar is FIAT paper based on the sole faith of the U$ GUmmet. The gold standard was eliminated by Tricky Dick at the Bretton Woods Accord.

It's easy enough to look up. Our country has been over run by Progressives in both parties and we now have Marxists ideologues in power. Read up on the Czars. The end game IS to kill the founding values of this nation which are still valid values. One of the czars is quoted as saying the idea is to dismantle capialism brick by brick. Two of the czars are followers of Mao...yeah great group these czars.

Read the 5000 year Leap for a quick study on what made us a great country. Liberty is being systematically dismantled before our eyes.

The value of Gold goes up based on the demand from the educated consumer that recognizes gold as a solid source of real money. This has nothing to do with our dollar, other then that the printing presses are working over time and heading like the Wiemar Republic of old.

Read Ron Paul's primer on money. The OLD notes of Silver certificates were destroyed once all captured and now you read: "Federal Reserve Note". Yeah a note an IOU, you know like in Kalifornication kind of IOU's.

So stock up folks we are almost at 49% of entitlement crowd mentality that wants YOUR prezident to redistribute YOUR wealth.

How's that Hope and Change working out...?

Right......lol.....

Need more look at the Detroit crowd in line for free Obama money....that's OUR tax bucks at work....for now. OR as Margaret Thatcher once said socialism is great until you run out of other people's money.....

Oh and we have little gold in this country. Check again the US MInt has for the third time stopped minting gold coins due to the high demand for the product. Now does that make sense? Even a Economics 101 student should see that dog don't hunt....!