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) 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 Nixon took us off the gold standard of Aug 1971 The will of the public and free market bid the price of gold up GOV Debt in America
1981 – We Had Money to Back Our Debt The will of the free market made the price of gold rise Sept 2008 – Fannie May and Freddie Mac Total Cash in Circulation – $825 Billion Sept 2008 + 900 Billion sept = 1.8 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 Pure Facts |
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