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To: servantboy777
If you consider that every dollar printed or invented comes at the expense of the world economy - not ours - you get the picture why Russia is buying and hoarding gold. At least they know the house of cards called the federal reserve is doomed.

Every transfer payment, welfare dollar or squandered congressional 'outlay' is made out of fictional dollars that can't be printed fast enough. as long as the dollar is the reserve currency of the world - we can spend ourselves to death. The problem is when the train runs out of gas.

The gold standard will be used again sometime in the future - when is the question.

3 posted on 02/13/2015 6:28:54 AM PST by x_plus_one
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To: x_plus_one

And they have been hoarding platinum since the early 90s. ... A strategic metal.


6 posted on 02/13/2015 6:33:11 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall no)
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To: x_plus_one

“At least they know the house of cards called the federal reserve is doomed.”

I do agree with you but there is just one problem. The
federal reserve holds as collateral all wealth, both
public and private of the United States. When every
square inch of land and anything of value in this
country has been confiscated and transferred to the
people who hold our debt or a war is fought to abolish that debt,
the federal reserve will just keep getting richer and
more powerful.

However, you can cut them off at the knees if you abolish
the 16th amendment. That is where their real power lies.
It’s just that most congressmen and every president is
their pawn, bought and paid for. I’ll be wrong on this the
day the FED is audited.


17 posted on 02/13/2015 6:49:49 AM PST by Slambat
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