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To: Jon Matz who wrote (37637)1/19/2000 9:59:00 AM
From: Tunica Albuginea  Read Replies (2) | Respond to of 99985
 
Jon Matz, I believe " the assets that off set these
" promissory notes " are supposed to be inside Fort Knox
I believe in the form of gold bullion. I must admit however
that I have never been there to actually be able to confirm
this personally, nor do I know anybody else who has, and
also I am unable to find a link as to the exact amount of
gold in there.

I suppose the dictum then is " in Government we trust ",
( unless somebody on this thread can assist us: Lucretius
Taurus ? ).

TA

Message #37637 from Jon Matz at Jan 19 2000 9:44AM

And I'd like to know where the Fed's vault is that contains the assets that off set these "promisory notes".

Do citizens know or even care that governments print money at will, without even educating citizens that it is the primary cause of inflation. It is
an immoral form of taxation.



To: Jon Matz who wrote (37637)1/19/2000 10:02:00 AM
From: clochard  Read Replies (1) | Respond to of 99985
 
Actually, they don't print money at all. They sell bonds which people are only glad to buy, making the US the debtor nation of the world. Presumably being the biggest and most powerful makes them the most creditworthy. With the budget being almost in balance, they have less need to borrow (i.e. sell bonds) than before. They might resume borrowing at full tilt when the economy eases however.


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