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US Treasury : Federal Notes have no Value for themselves

IMG Auteur
 
 
From the Archives : Originally published June 26th, 2009
43 words - Reading time : less than a minute
( 8 votes, 3.9/5 ) , 1 commentary
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Category : Fundamental





Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything.


This has been the case since 1933.


The notes have no value for themselves, but for what they will buy.



US Treasury Website

http://www.treas.gov/education/faq/currency/l...&IMAGE.Y=10



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Invention   5/30/2013 at 12:50 PM GMT
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Since 1971, when the gold standard finally vaporized because their wasn`t enough gold in America to redeem their paper, they did throw in PUBLIC LANDS as what would be paid in, in the future. Just wonder what other countries have the same payment scheme connected with it, and of course never breathe a word of this to the suckers of the land grab deal. Well Nixon`s dead, so he`s not answerable to the living for his deed, though it was probably a central banker that thought of it in the 1st place, since they LOVE things(property) of value.
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Since 1971, when the gold standard finally vaporized because their wasn`t enough gold in America to redeem their paper, they did throw in PUBLIC LANDS as what would be paid in, in the future. Just wonder what other countries have the same payment scheme  Read more
Invention - 5/30/2013 at 12:50 PM GMT
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