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06-11-2018, 02:54 PM #29
The Gold Standard applied to all dollars, your dollars, my dollars, business dollars, everyone's dollars, including the government's dollars. There are many more dollars outside of the government than inside the government.
The Federal Reserve consists of Federal Reserve Banks, they are private corporations that issue stocks to their member banks, that are also private corporations, who earn dividends, from the Federal Reserve Banks, they are profiteers like any private corporation.
The Federal Reserve was created in 1913 by DemoQuacks, the same year the DemoQuacks created the mandated income tax and passed the 16th Amendment.
I don't know who owns the gold in Fort Knox and the other locations, whether it's the US government or the Federal Reserve. I guess the gold is still there owned by someone. I sure hope so anyway. Either way, I don't think there's enough gold there to back every US dollar in circulation today, let alone what's in circulation and the national debt.
The government doesn't have the money to buy gold, so how do they pay for buying gold to back our dollar? It's all a strange quacky quandry if you ask me. That's why I call Democrats, "DemoQuacks". They're always coming up with some stupid strange quacky scheme to rip off Americans, and so far I'd say they've done a fine job with that.A Nation Without Borders Is Not A Nation - Ronald Reagan
Save America, Deport Congress! - Judy
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