Originally posted by astroblade
so many anti-american nutcases on just one thread, it's truly stunning. the euro is certainly a competing currency, but how can't it be, it's the
currency of over a dozen modern countries. but, and i'm so sorry to burst many of your bubbles, the american dollar is still backed by gold, and
there's plenty of it left over in our reserve. america is not about to go bankrupt, it's simply in an economic slump right now, and really only
because it's being compared to our past high's. in about 7 years, at most, we'll have some other kind of boom or jump in economic movement, as has
happened decade after decade in modern american history. by the way, for the fools who keep saying all empires must fall, in reference to
america...just what are you talking about? several european countries have been around far past the age of america. they have not "fallen", so just
why do you persist in believing america will. is it simply anti-american sentiment brought on by anger or jealousy toward america for its current
Ha-ha-ha, are you out of touch with reality...............
American dollar still backed by gold eh ??? If I take my American dollars to my local bank and DEMAND my gold in exchange, how much will I get eh ?
There is no legal requirement for any bank to exchange dollars for anything of real value, certainly not gold. That requirement ceased in 1971. You
Plenty of gold in the American reserve. How do you know that. The gold has not been officially audited since Truman. For accounting purposes the gold
held in the national depositary (Fort Knox West Point etc..) has been re-classified from gold on hand, to custodial gold, and now to deep storage
gold. There is VERY strong evidence to suggest that most if not all the gold held by the treasury and the reserve bank has been swapped. It is
physically there, but is no longer OWNED by the US. That is why it has been reclassified.
It is simple, gold is rarely moved because of its sheer weight, and security issues. Various countries have gold stored all over the world. If Britain
sells 20 tons of gold to Germany for example. The ownership of gold already located in Germany or somewhere else transfers to German ownership.
To me, custodial gold means gold kept for another owner. What the hell is deep storage gold ? But that is what America now claims mostly to have.
As far as nations falling, that can mean many things. England was once the most powerful nation on earth, with a vast navy around the world that made
damned sure everyone knew who was boss. England was once a mighty superpower. At that time America was a weak little colony, like many others around
America then rose up in wealth and power and made England look weak. You could say England has fallen from what it was, but it is still there.
America will fall for several reasons, the first is economic, and the second is that it is rapidly making enemies of every other country. Eventually
America will be attacked if it carries on like this. Who knows ? No single country can defeat the whole world. Germany tried it, and Japan tried it.
America will lose too for all the same reasons.
So many Americans believe the Hollywood image of American superiority, but the truth is rather different. America has been starting and fighting wars
all over the world over the last fifty years, and has not won any of them. Tell me about Korea, Vietnam, Afghanistan, Iraq ? And dozens of little wars
like The Bay of Pigs. You could not even beat Cuba ! Ha-ha-ha.
You say anyone that tells the simple truth is a Nut case.
[edit on 11-9-2004 by Warpspeed]
Edit for language.
[edit on 11-9-2004 by intrepid]