The fed has the gold, and we have their worthless paper,
Bernanke said they hold gold out of "tradition", it' really not money.
If they feel that way, they won't object to living up to their promise made so many years ago, promising depositors that they could get their gold back by redeeming their paper.
The fed has the gold, and we have their worthless paper,
Bernanke said they hold gold out of "tradition", it' really not money.
If they feel that way, they won't object to living up to their promise made so many years ago, promising depositors that they could get their gold back by redeeming their paper.
One of the first things FDR did when he got into office was to outlaw the private ownership of monetary gold. That's changed, and we should wheelbarrow all our worthless paper down to the federal reserve bank, and demand they return our gold to the treasury.
The fed has the gold, and we have their worthless paper,
Bernanke said they hold gold out of "tradition", it' really not money.
If they feel that way, they won't object to living up to their promise made so many years ago, promising depositors that they could get their gold back by redeeming their paper.
One of the first things FDR did when he got into office was to outlaw the private ownership of monetary gold. That's changed, and we should wheelbarrow all our worthless paper down to the federal reserve bank, and demand they return our gold to the treasury.