30 Dec 2017 8:18 am
Closer to 10 people and no chairs for residents of the United States The vast majority of the time it was illegal to have gold except gold coins as a collection.peepee » 30 Dec 2017 7:08 am » wrote:Sgt Bilko » 28 Dec 2017 10:43 am » wrote: You just proved, my point. Until Nixon did his thing large sums of dollars could be converted to gold by those outside the US. After allowing people to again have gold that practice was stopped. However the whole time they could be converted to silver since they were silver certificates as stated on the bill. Live in reality instead of your demented fantasy world!!! The bills no longer state they are silver certificates.
...you seem to be having a hard time grasping the hideous nature of 'fractional reserve deposit creation'....think of it this way:...'the gold standard' in reality, was ALWAYS akin to a game of musical chairs where the chairs were the gold...except instead of say 10 people and 9 chairs, there were ten people and maybe two chairs...but as long as the mu$ic was playing, republicrat-level pinheads such as yourself were clueless of THE HIDEOUS REALITY!.....