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Originally posted by JSR
the topic of the thread is gold back currency.
who cares how rare gold is.
----
i read somewhere that the dinar is backed by gold. this is why the islamic contries have been buying gold.
the world bank has been keeping a tight fist on thier gold (i think this is where all the gold in ft. knox went) keeping prices high.
i also read, that china will be reinstating the gold backed currency, as soon as opec switches to the euro for trading oil. (notice they refuse to unpegg there currency, which was a rule when they entered the wto. they are now, i think, 4 years past the dead-line for unpegging it.)
when this happens, you will see all the countries who hold dollars, quickly dump them. and you had better been holding some gold.
then, china will make its move, and soon there after will be the foriegn reserve currency. then china, assuming USD is done with, will be the worlds super power.
so learn your mandrin everybody!
Originally posted by RetinoidReceptor
Silver seems to be a very good thing to buy nowadays. It is for one rarer than gold, is better at conducting electricity, etc....
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
www.john-f-kennedy.net...
Originally posted by runetang
Alternatively,
Illicit Drugs, Preserved Alcohol, and Preserved Cigarettes will not devalue, they'll increase in value, during a major depression of the U.S. economy or if the 'crap hits the fan' and we have total social upheavel and anarchy.
So if you cant get your hands on gold, silver, or precious gems lol, stock up on beer, cigarettes, and whatever else you can get your hands on.
Edit: I'd suspect in an anarchic, ruined future, even the seeds that grow illicit substances would be way more valuable than they are currently.
[edit on 11/8/2006 by runetang]
Originally posted by In nothing we trust
Originally posted by RetinoidReceptor
Silver seems to be a very good thing to buy nowadays. It is for one rarer than gold, is better at conducting electricity, etc....
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
www.john-f-kennedy.net...
Morgan Silver dollar
Secret Societies » What is a morgan silver dollar worth?
www.abovetopsecret.com...
[edit on 11-11-2006 by In nothing we trust]
Originally posted by TeslaandLyne
Originally posted by In nothing we trust
Originally posted by RetinoidReceptor
Silver seems to be a very good thing to buy nowadays. It is for one rarer than gold, is better at conducting electricity, etc....
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
www.john-f-kennedy.net...
Morgan Silver dollar
Secret Societies » What is a morgan silver dollar worth?
www.abovetopsecret.com...
[edit on 11-11-2006 by In nothing we trust]
Wasn't that order repealed by LBJ.
Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 "Silver Certificates" were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money.
We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
Originally posted by ajh91
What did you mean by backed by 15% gold, is the euro actually redeemable with gold? Can you take your euros to a bank and get gold or not?
Originally posted by mr_albest
Useful materials such as food and water would be the trading materials of choice in the case of a major depression, but the only way one can maintain sizable wealth is with precious metals. One cannot stock up on food and water and store them until the depression is over. That is why gold is such an important and valuable material in times of crisis.
Originally posted by TeslaandLyne
If the world has an oil economy then the dollar is backed by oil for
the countries that have the oil and the countries that buy the oil.
So we are safe for centuries.
Originally posted by TeslaandLyne
Thinking back to the depression, I think that was do to lack of oil until the
Gulf and Texas oil was found to power WWII and the cars nowadays.
Selling apples in the street, yeah it was food in the soup kitchens everyone
went to.
Originally posted by Aramco
There are no alternative fuels, there are alternative raw materials.
Gold is worthless unless you put it around your neck to look pretty. Oil is third only to water and sulfuric acid in importance, but is less readily available than the other two. Very few nations have gone to war over trade disputes involving gold, but trade disputes involving oil have led to every major conflict in the last 100 years.