Fast Facts
We dont have enough gold to back out paper dollard printed.
For gold to back our base money it needs to rise to $15,000 per oz.
The bailouts (2009 – 2010)
H have increased the money in circulation over 3.7 times!
What is Base Money?
Amount of cash in circulation
&
Deposits commercial banks have at the federal reserve
A measurement of how many paper dollars exist
The Will of the Free Market
George Washington – 1934
The will of the public and free market bid the price of gold up
until the value of the gold at the treasury matched
the value of all the dollars printed from
George Washington to Roosevelt.
Nixon took us off the gold standard of Aug 1971
The will of the public and free market bid the price of gold up
until the value of the gold at the treasury matched
the value of all the dollars printed as of 1981.
GOV Debt in America
1981 – We Had Money to Back Our Debt
The will of the free market made the price of gold rise
to back every dollar printed.
Sept 2008 – Fannie May and Freddie Mac
Total Cash in Circulation – $825 Billion
Sept 2008 + 900 Billion sept = 1.8 Trillion
March 2009 + 1.2 trillion = 3 trillion
3.7 Times more money in circulation! In less than 1 year!
What Happens if History Repeats Itself?
407 BC – Athens – Gold = Base Money
1934 – Gold = Base Money
1980 = Gold = Base Money
2010?
For Gold to back our Base Money
it would need increase to a price of $15,000 an ounce!
Pure Facts