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Re: what would have happened if the us had stayed on the gold standard
If US Notes are basically the same as Federal Reserve Notes, please explain how unbacked US Notes would lead to a $36.000,000,000,000 national debt requiring annual interest payments of $1,000,000,00… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
> Unbacked money is simply paper money (or its electronic equivalent) that is issued directly by a government, without a corresponding issue of bonds to a central bank to "back" this mon… (View Post)2 -
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
