From Newsgroup: alt.tv.star-trek.tos   
   From Address: jjme169@earthlink.net   
   Subject: Re: A Very Simple Plan to End The Federal Reserve   
      
   Currency is CONSENSUS no matter what backs it up.  Be it gold or anything    
   else.   
      
   Even when money was "backed" by gold there NEVER was enough gold in reserve    
   to back more than 10% of the money in circulation.  Why?  Because gold    
   backing money is nothing but using gold as a percentage surety.  The gold    
   was nothing but insurance reserves held to guarantee a run on the banks.    
   That's all the gold was and it was never anything but that.   
      
   --    
   meport   
      
   "Marc Espie"  wrote in message    
   news:heounr$k1k$1@saria.nerim.net...   
   > In article    
   > <726e0d25-66f7-414f-9d9f-62899f758c4c@k17g2000yqh.googlegroups.com>,   
   > Pisano   wrote:   
   >>   
   >> Congress will pass a resolution to start printing a new American   
   >>Dollar according to the U.S. Constitution.   
   >>   
   >> ". . . By increasing the supply of money, the Federal Reserve lowers   
   >>the value of every dollar that already exists.  If the supply of   
   >>Mickey Mantle baseball cards were suddenly to increase a millionfold,   
   >>each individual card would become almost valueless.  The same   
   >>principle applies to money: the more the Fed creates, the less value   
   >>each individual monetary unit possesses.  When the money supply is   
   >>increased, prices rise - with each dollar now worth less than before,   
   >>it can purchase fewer goods than it could in the past. . . .   
   >>   
   >   
   > Congrats. Keep learning.   
   >   
   > Maybe one day soon, you'll understand that every modern currency is just   
   > that: trust and consensus.    
      
   --- Synchronet 3.15a-Linux NewsLink 1.92-mlp   
   --- SBBSecho 2.12-Linux   
    * Origin: telnet & http://cco.ath.cx - Dial-Up: 502-875-8938 (1:2320/105.1)