See how the value of the US dollar has dropped compared to gold!

This graph shows the final closing value of the U.S. dollar for each calendar year. Value is measured in milligrams of gold. By this measure the U.S. dollar lost a very significant amount of value during the 1970s.

http://upload.wikimedia.org/wikipedi..._US_dollar.gif

Eh, it's not like the dollar is even backed by gold anyway. Pieces of paper, numbers on a computer screen, it's just bullshit that's there to keep us all in line.

gee, what sense it makes for our dollar value to start plummeting the year of the start of the 'war on drugs'...thank you nixon, you piece of crap

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Originally Posted by cadmiumblimp

Eh, it's not like the dollar is even backed by gold anyway. Pieces of paper, numbers on a computer screen, it's just bullshit that's there to keep us all in line.

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actually, the gold in our reserves is what backs the currency that we have printed...unfortunately, now, we don't have the gold to back the money that we're printing and sending overseas...how much sense that makes to do...

you don't really think we just print money onto paper anytime we need it and things are just dandy do you?? the gold that this country has in our gold reserves is the gold that represents the value of our american dollar..

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Originally Posted by Markass

actually, the gold in our reserves is what backs the currency that we have printed...unfortunately, now, we don't have the gold to back the money that we're printing and sending overseas...how much sense that makes to do...

you don't really think we just print money onto paper anytime we need it and things are just dandy do you?? the gold that this country has in our gold reserves is the gold that represents the value of our american dollar..

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I hope this is a funny! We left the gold standard a very long time ago.

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Originally Posted by Markass

actually, the gold in our reserves is what backs the currency that we have printed...unfortunately, now, we don't have the gold to back the money that we're printing and sending overseas...how much sense that makes to do...

you don't really think we just print money onto paper anytime we need it and things are just dandy do you?? the gold that this country has in our gold reserves is the gold that represents the value of our american dollar..

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USD is not backed by Gold at All Anymore. The only thing that Backs USD is How Much is in Circulation.

Another Reason We Went after Sadam He was going to Swich From USD to the Euro To Sale Oil. Big No No for people Like P4B (THE BIG DAWG) Rofl.

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Originally Posted by Krogith

USD is not backed by Gold at All Anymore. The only thing that Backs USD is How Much is in Circulation.

Another Reason We Went after Sadam He was going to Swich From USD to the Euro To Sale Oil. Big No No for people Like P4B (THE BIG DAWG) Rofl.

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oh, so that's how they can just print as much as they need for the war...I didn't know that, thanks for enlightening me..

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Originally Posted by Markass

gee, what sense it makes for our dollar value to start plummeting the year of the start of the 'war on drugs'...thank you nixon, you piece of crap

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Thats hilarious. I am THIS close to putting the bold part in my sig.

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Originally Posted by rebgirl420

Thats hilarious. I am THIS close to putting the bold part in my sig.

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lol :stoned:

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Originally Posted by Markass

oh, so that's how they can just print as much as they need for the war...I didn't know that, thanks for enlightening me..

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They borrow from the World Banks. All USD $$ is on Loan. The US Borrows From China (and others) and then have no Real Export of Our Own. You can see where thats headed.