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Discussion in 'Legal & Political Archive' started by 2ndDefendsThe1st, Nov 20, 2014.
Is the American dollar backed by gold? What do you think?
Um, Nope. Not even a little.
Nixon stopped that I believe.
I think this is a money issue, although it's not debatable. We've been off the gold standard for some time.
Pretty sure it is backed by the Chinese.
edit: Would like to add that it is also backed by a strong population of firearms owners.
It isn't even worth the INK that it's printed with, and it's backed by hot air.
Backed by nothing but the full faith of the government.
China wants to keep the value of the dollar high to make its own currency cheaper by comparison. That helps China's exports to the U.S. seem more affordable, which helps its economy grow. That's why, despite China's occasional threats to sell its holdings, it's happy to be America's biggest banker, and largest foreign owner of U.S. debt.
Gun ownership does have a stabilizing affect on the Country I believe, therefore we have a relatively stable Dollar. The Govt. powers won't allow failed banks/wiped out bank deposits or mass inflation if they can help it against an armed Citizenry. They have a lot of tricks to make people believe our paper is solid and so far it's been working despite a few hiccups.
The dollar is currency used to buy products. The value of that currency changes due to the way government runs our system. For instance what was the cost of a Colt SAA when they first came out and what is the cost today? In 1990 you could buy a Colt Hbar for $630 Nib. IN 1980 you could buy a new Colt SAA for $450 or a Colt government model for $400. Government controls the currency and it's value.
Gold is manipulated just like currency, lots of suckers out there that get fear peddled to them to buy gold and silver.
Colt SAAs are outpacing inflation, Colt Government Models and HBARs are not. If you bought either the Government $400 or the HBAR for $650 in 1980 and sold them today--you lost money, sadly.
Brass, copper and lead. You can never go wrong investing in these precious metals.
what does this thread have to do with firearms?
I'd say brass, copper, and lead have a whole lot to do with firearms.
I knew the answer to this question question before I posted it. I wanted to see what other people thought I posted a comment. The dollar is backed by nothing. It is not even worth the paper it is printed on.
China only has Japan beat by a little bit.
Sadly though the US Taxpayer is burdened with 126 trillion in unfunded liabilities. Equating to 1.1 minion per taxpayer.
Control the currency and you control the minions.