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Re: what would have happened if the us had stayed on the gold standard
US Notes were not replaced with Federal Reserve Notes in 1966. They continued to circulate as legal tender and are still valid money today, even though they are not "backed" by government b… (View Post)2 -
Re: what would have happened if the us had stayed on the gold standard
> I'm not talking about dealing with the FED at all. > (View Post)2 -
Re: are U.S. gold reserves still valued at only $42 an ounce
I'll take a wild gamble and bid $42.23! ;) (View Post)2 -
Re: Would the price of gold collapse if we had a default on our national debt
It's not a transfer of wealth, it's a transfer of debt to the American public. Only 25% of the annual interest paid on the national debt is returned to private individuals in the US. Much of the rest… (View Post)1 -
Re: Would the price of gold collapse if we had a default on our national debt
The public didn't care when U.S. notes circulated freely alongside Federal Reserve notes, so I doubt that they would care now. The continued use of debt-based money will require a continuous and subs… (View Post)1
