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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: LowtherAcademy who wrote (117696)2/6/2009 3:51:55 PM
From: Knighty Tin  Respond to of 132070
 
Our gold reserves, even if they really exist, are so small relative to the amount of nominal dollars running around that they have no bearing on the value of the buck. The buck basically depends upon the soundness of our economy and, perhaps more importantly, our military strength. The amount of dollars we have printed have undermined the soundness of the economy.