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Old 02-06-2009, 12:04 PM
The Old Medic The Old Medic is offline
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Join Date: Jan 2009
Location: Kentucky
Posts: 79
Default Re: Fascist Democracy

The money of the United States has not been backed by gold or silver since the 1930's. The "silver certificate" merely meant that you were guaranteed coins of equal value for them.

When the United States was under a "Gold Standard" (from 1791 till 1933), we had a depression about every 10 years. The common laborer rarely had any money at all.

And I hate to tell you, but the founders of this country issued paper fdollars that were not backed up by anything, except the promise that someday they would be worth something. By the last year of the revolution, a continental dollar was worth about 1/2 a cent in purchasing power.
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