It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by sargentpepper
we have and make new money and do away with the green stuff we should make it blue or purple or somethingmake it different so we can start fresh with our economy.
Originally posted by stfspam
Why exactly is gold worth anything exactly? I dont really understand paper money being backed by gold in this era at all. please explain why it would be and what I am just not realizing
Originally posted by Freedom ERP
The concept is that the amount of promisary notes (paper money and the like) in circulation is equal to the amount of gold you have to back it up.
Originally posted by Freedom ERP
In the UK, most banks only has a small percentage of cash to pay for demands from customers for access to their money. If we all when to the banks tomorrow in the UK and demanded our money,there would be a run on the banks as it is called. Typically followed by serious economic down turn.
Can we really turn back the clock on money and how it is valued?