Anybody want to take a crack at it?
2007-01-27 14:29:12 · 9 answers · asked by chitownzmamaz 2 in Politics & Government ➔ Other - Politics & Government
damn yall wasnt supposed to get it that easy lol
2007-01-27 14:52:03 · update #1
we are all doomed i tell you
USA could fall over night
save as much seeds as you can
so at least you can grow food
we do have gold in Fort Knox, but it is a very little amount to the actual dollar...
good luck to us all
smile
2007-01-27 14:34:29 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Zero. In 1913, the Congress passed legislation that gave our nation's monetary and economic policy to a private corporation. You might have heard of this. It's called the Federal Reserve. Henry Ford said "if the American people knew how the Fed operated there would be a revolution overnight."
Current Fed Chairman Bernanke openly admitted that the owners of the Federal Reserve (through monetary policy) intentionally precipated and perpetuated the Great Depression. Wonder why this failed to make the news? Could it be that the same people who own the Federal Reserve also control, by owning the majority stock, all mainstream media in our country along with thousands of name brand corporations.
I just shake my head when someone says what a great country America is. They must be clueless about reality. In 1900, the average American paid about 5% of their earnings to support government (local, state and federal combined in taxes) and public debt was unheard of. By 2000, with the help of the Federal Reserve encouraging tax/spend/debt the average American paid 33% of their earnings to support government and this figure excludes all the public debt.
2007-01-27 14:38:40 · answer #2 · answered by Anonymous · 3⤊ 0⤋
I don't think ANY anymore. Currency is totally on faith now. Just try to go to a bank and get the gold equivalent of your paper money. They don't do that anymore.
BUT, if you have old copper coins (before Reagan turned them into zinc coated copper coins), the copper is worth more as scrap than the monetary amount. So start scrapping pennies!
2007-01-27 14:34:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
None.
Nixon took the US off the gold standard.
Now the US can print as much money as the government wants.
2007-01-27 14:32:50 · answer #4 · answered by John Hightower 5 · 2⤊ 0⤋
None. Our money is not gold backed anymore. It's not worth the paper it's printed on!
2007-01-27 14:32:23 · answer #5 · answered by Tiki™ 4 · 3⤊ 0⤋
None, the U.S. went off the gold standard like 50 years ago.
2007-01-27 14:31:48 · answer #6 · answered by Anonymous · 2⤊ 1⤋
None. Its a fiat economy.
2007-01-27 15:03:46 · answer #7 · answered by Anonymous · 1⤊ 0⤋
None.
2007-01-27 14:32:02 · answer #8 · answered by Anonymous · 2⤊ 0⤋
non
2007-01-27 14:32:00 · answer #9 · answered by enano 4 · 2⤊ 0⤋