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|    MEMORIES    |    Nostalgia for the past... today sucks    |    24,715 messages    |
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|    Message 22,805 of 24,715    |
|    JOE MACKEY to AUGUST ABOLINS    |
|    Money (was: Cyberpope' back again)    |
|    16 Oct 21 09:00:22    |
      TID: PX/Win v3.0pr5 PX96-0466M2       MSGID: 1:135/392 12947703       TZUTC: -0400        Aug wrote --               > This does not mean that the notes are worthless. The Bank of Canada will       continue to honour them at face value."               The US money is now based merely on nothing.        At one time there was the gold standard, by which all American money was       based and if one wanted to cash in their paper money for gold they could.        In the '30s Roosevelt took the US off the gold standard (and put it on       the silver standard) and actually made it illegal for Americans to own any       gold. (Other than things like jewelry, etc). One could no longer take a bill       to the bank and ask for its val        In the '70s Nixon took the US off the silver standard. That basically       made the money worthless since there was nothing to back it up, other than       the promise of the government it was worth X amount.        Up until then one could cash in their bills for an equal amount of       silver. Not any longer.        Joe       --- Platinum Xpress/Win/WINServer v3.0pr5        * Origin: Fidonet Since 1991 www.doccyber.org bbs.docsplace.org (1:135/392)       SEEN-BY: 1/120 123 14/0 18/0 90/1 105/81 116/116 120/340 457 616 123/0       SEEN-BY: 123/10 25 40 115 126 131 150 160 180 190 200 257 755 124/5016       SEEN-BY: 129/305 135/300 366 371 379 382 383 384 385 388 390 391 392       SEEN-BY: 153/757 7715 154/10 30 40 50 700 203/0 220/80 90 221/0 6       SEEN-BY: 226/18 30 227/114 201 702 229/424 426 428 452 664 700 981       SEEN-BY: 240/1120 2100 5138 5234 5411 5824 5832 5853 249/206 307 317       SEEN-BY: 249/400 261/38 280/464 5003 282/1038 292/854 299/6 300/4       SEEN-BY: 301/1 310/31 317/3 320/219 322/757 342/200 396/45 423/120       SEEN-BY: 633/280 712/848 770/1 2320/105 2452/250 2454/119 3634/0 12       SEEN-BY: 3634/15 24 27 50       PATH: 135/392 300 3634/12 154/10 280/464 240/5832 229/426           |
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