Replies

We are not on the gold standard anymore and haven’t been for many decades. They can print all the money they want...our money is based on the good faith and credit of the United States, which is a debt system.

46 posted on 07/27/2009 4:33:05 AM PDT by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)

To: EBH; bareford101

So as long as Americans work...our money will be worth the debt we generate.

The question becomes at what point does America lose the “good faith and credit?”

What is the magic debt to income ratio for a country to go bankrupt? We’re already bankrupt, we’ve been that way for several years now. America is just like those people who over bought into homes they couldn’t afford, ran up their debts...and then lost their jobs...

America has been bleeding jobs overseas for decades. All our policies and regulations has left us with only one hope...federal job creation...jobs support and back our money, not gold.

From you neighbor next door who lost their job to the car company moving overseas to build cars in China...it is about jobs.

Welcome to the serfdom.

47 posted on 07/27/2009 4:49:11 AM PDT by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)

our money is based on imagination

61 posted on 07/27/2009 12:16:36 PM PDT by bareford101 (Show us the real birth certificate, not the COUNTERFEIT of the COUNTERFEIT pres.)

our money is based on imagination

62 posted on 07/27/2009 12:16:43 PM PDT by bareford101 (Show us the real birth certificate, not the COUNTERFEIT of the COUNTERFEIT pres.)

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