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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (27642)	4/19/2000 12:32:00 PM
From: TheStockFairy	Read Replies (1) \| Respond to of 42523

For a commodity basket, we could use the combination of gold and silver. The old ratio was 16oz silver = 1oz gold. Problem is, we are then up to 68,800 tons of silver to ship. Fun Facts! $6.8 trillion US GNP Only $438 Billion in Printed US currency issued and circulating worldwide (about $180 per household) The Fed prints about $9.5 billion in new money per year. $1-$20 bills last two years or less on average Questions: Would you back just the outstanding currency, or would you back the entire system including debts, credit, ect? Overall as a country, I'd say that we have done pretty well since '71.