SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (130993)4/23/2012 9:19:02 PM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 224890
 
Didn't the1st Bank of the US face a convertibility requirement? If it had to pay in gold, not in dollars, not even a number of dollars that goes up with the price of gold, then it could be in a situation where it didn't have enough to pay.

Also its charter expired, so it couldn't even continue to keep printing money.