GTJ,
I understand what your saying, but allow me to elaborate...
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plus the US used to back with gold, then with silver.
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Yeah, and then in 1913 the Federal Reserve Act was passed, and the Fed was instituted. They gave full control to a small network of bankers (Rockefeller, Rothschild, etc.) who started printing money out of
thin air. Contrary to popular belief, the Federal Reserve is a private profiteering group.
A privately owned central banking system is dictating and puppeteering fear and inflation through the entire world.
It's the very abuse (and ignorance) of the monetary system that makes it
impossible to back money in gold. The American dollar, and currency in general, has lost 95% of its purchasing value.
Audit the Fed
Federal Reserve Act - Wikipedia, the free encyclopedia
"Give me the right to issue and control a nation’s money and I care not who governs the country.” Meyer Amschal Rothschild, International banker