"Gold isn't backed by anything" -- < 1 min

[PatColo]

http://www.youtube.com/watch?v=k8Htfcjk_JA

http://www.youtube.com/watch?v=k8Htfcjk_JA

"TV News", wtf are they?! Has a CNBC-esque look about them...

[palani]

The federal reserve is no longer in business. Rule of law on a perpetuity is they vanish after 99 years. The FED has had its' run. It is history.

[Ponce]

Man oh man, was that stupid or what....and that the dollar is backed up by the US government? and gold by nothing?

[Atocha]

Man oh man, was that stupid or what....and that the dollar is backed up by the US government? and gold by nothing?

Agree.

I remember Colin Powell sometime during the Gulf War stating something like "We are giving the Iraqi People "x" billions of dollars backed by the full faith and security of the American Taxpayer. So, I believe the dollar is backed by the "Full Faith and Security" of the American taxpayer. Security being all of our money, property and anything that we have that is tangible. For many years I believed I owned my personal possessions but I have come to realize, I don't... All I have can be taken away at anytime.

I also think Gold needs nothing other than itself for backing.

[Hatha Sunahara]

You can only have stupid media reporting like this in a country that deliberately does not teach its people anything about money, and discourages them from finding out anything about it.



Hatha

[Twisted Titan]

Correction

Gold doesnt NEED to be backed by anything unlike the dollar.


Fixed it for ya.