...   
      
    JS> As I explain in part one of my 2007 series "Saddam   
    JS> Hussein's Execution And The Euro Dollar War", following the   
    JS> 1930 Great Depression, with so much money in circulation,   
    JS> the U.S. Government couldn't possibly exchange it all for   
    JS> actual gold reserves, because there simply wasn't enough   
    JS> gold to cover it all. As a result, in 1932, U.S. President   
    JS> Roosevelt removed the dollar from the gold standard.   
      
    You just made the case against the Gold Standard. In a major   
    downturn, the dollar can become worth so much more the gold can   
    be bought out. Since such downturns have always been temporary,   
    if they aren't the country falls apart, the gold reserves are   
    wiped out leaving the country with no basis for the curency.   
      
      
      
   BOB KLAHN bob.klahn@sev.org   http://home.toltbbs.com/bobklahn   
      
   ... 1.28*10E12 Furlongs/Fortnight..It's not just a good idea, it's the law.   
   --- Via Silver Xpress V4.5/P [Reg]   
    * Origin: Since 1991 And Were Still Here! DOCSPLACE.TZO.COM (1:123/140)