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This is starting to sound like back in the day when old Clinton wanted to know what the definition of sex actually was.
Ron Paul is calling for an audit of the physical gold held by the fed. I believe that our gold has been plundered by these fools and is now sitting in some foreign bank somewhere or in the backyard of who knows who. The simple fact that they still only count it at something like $40 an ounce on their balance sheet is ridiculous. It is our money. The peoples money stolen by Roosevelt back in the day. Where is it? Where is all this gold? I saw a clip a few weeks ago of him questioning a couple clowns from the treasury and they admitted they didn't know where it was. Poof gone but still on a spreadsheet for all to see.
it makes you wonder where the IMF got all its gold that it sold.
if americans could collectively get a movement together about anything, i wish they would all gather at fort knox and demand an audit. it was supposed to be kept there for safekeeping and we have a right to know if it was kept safe (unlike social security!) and not plundered.
Who doesn't understand the topic? Not even close to being comparable. A gold coin stamped with a dollar amount issued by a US government entity or US mint is not a foreign currency.
Still doesn't mean "gold is money".
More money is exchanged in the from of dollar notes than in the form of gold coins. Yet only an absolute idiot would consider it worthwhile to ponder the question "Is paper money?", or answering it in the affirmative.
Bernanke is right. Gold is not money. Neither is paper, for that matter.
More money is exchanged in the from of dollar notes than in the form of gold coins. Yet only an absolute idiot would consider it worthwhile to ponder the question "Is paper money?", or answering it in the affirmative.
Bernanke is right. Gold is not money. Neither is paper, for that matter.
You just shot youself in the foot.
If gold is exchanged, as you just said, then it is money - the amount is irrelevant.
More money is exchanged in the from of dollar notes than in the form of gold coins. Yet only an absolute idiot would consider it worthwhile to ponder the question "Is paper money?", or answering it in the affirmative.
Bernanke is right. Gold is not money. Neither is paper, for that matter.
Which puts ups back at the original question does it not?
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