If I remember my history correctly, our money has not been backed by gold (or any other commodity) for quite some time.
On Mon, Aug 8, 2011 at 11:13 AM, Scott Raley <[email protected]> wrote: > > What happened to the gold at ft knox to back up all this paper printing? > > -----Original Message----- > From: Gruss Gott [mailto:[email protected]] > Sent: Monday, August 08, 2011 10:09 AM > To: cf-community > Subject: Re: No Chance of Default, .... > > > Ha! Yeah the guy who architected the financial crisis by implementing many > of policies that caused it - and telling they wouldn't be a problem - is now > telling us default won't be a problem either. I feel so much better now. > What are thee odds his advice could sink the country twice in a row? > > On a related note it's interesting how investors have been running with bags > of money to gold and emerging markets since BEFORE the default worries. I'm > sure that greenspans words will bring them back. Look for gold to drop by > 50% probably. > > On another related note ... If we don't have to worry about default .... Now > we can borrow more! > > W00t! Here we come Infrastructure Bank! > > Maybe Greenspan will have saved our country after all. > > > > On Aug 8, 2011, at 7:11 AM, Jerry Barnes <[email protected]> wrote: > >> >> No Chance of Default, US Can Print Money: >> >> Excerpt: >> >> Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the >> chance of a US default following S&P's decision to downgrade America's >> credit rating. >> >> "The United States can pay any debt it has because we can always print > money >> to do that. So there is zero probability of default" said Greenspan on > NBC's >> Meet the Press >> >> >> >> Read more here: http://www.cnbc.com/id/44051683 >> >> >> J >> >> - >> >> It is well that the people of the nation do not understand our banking and >> monetary system, for if they did, I believe there would be a revolution >> before tomorrow morning. - Henry Ford >> >> What we have is a bunch of entities that should have failed, it would have >> brought religion to the system, it would have been a good thing, but we >> prohibited that from happening. - Rick Santelli >> >> >> > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:341341 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
