Then a Frenchman named Degaulle whose country was in need of a few bucks, repaid the U.S. for saving his ass in WWII by exchanging his dollars for gold, which was then sold on the open market for the then current price of 108 dollars. After his bleeding of our gold reserves, the country stopped backing it’s money with gold. It helps to understand the why and how without the propaganda.

You mean like, for example, petroleum?

“Better to have wealth based on the number of cows you have. Food–real intrinsic value.”

I see no difference between the two. Whatever it is, it’s worth what you can sell it for: gold, cows, petroleum, cheap labor (laborers), expensive labor (doctors, scientists), washing machines, airplanes or computers, it’s all barter and trade. The difference is, the countries that export manufactured goods such as the washing machines, airplanes, computers and expensive labor benefit themselves economically more widely than those where the source of the wealth is just dug out of the ground (usually by foreign companies).

We’re all just stumbling around in the dark trying to figure this stuff out. Economics is not a science; it’s a descriptive discipline, like botany used to be before biochemistry came along.

Anyway, I think we should call it the “UNO!”

Obama called Bush’s need to raise the debt limit a “failure of leadership” and he was correct.

But now, Obama and the Democrats have gone insane with spending and debt.

Are you really that naive?

the USD hit 76.xx a little while ago.

think about all those countries holding billions of T-Bills watching their $$ evaporate in front of their eyes..and the news administration’s actions prove that it will only get worse..

sure the UN is corrupt, but no more than our government is..

anyway, this is all part of the NWO plan anyway..so no big surprise.

-s

The US and world community has lost confidence in the present administration. The dollar is just one indicator of the failure that is Obama.

As soon as Obama’s brand of socialism is replaced by a more conservative capitalistic economic plan the dollar will find new strength.

Just hope the damage done by Obama’s catastrophic schoolboy idealism can be repaired.

That will force its exploitation, bring gas down to $1.00 a gallon, which will be a real stimulus to the world economy.

And then 5% of the worlds population would then stop using 25% of its resources, impoverishing third world countries.

Drill here, drill now.

But I don’t understand why they would be dipshits for not wanting paper that has no value.

Bra jobbat.

The only people that would complain about using something else are US citizens just now waking up to the fact that they are fast becoming as relevant as the British Empire became after WWI. Back then the life’s blood was the Pound Sterling.

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Yes, the US owes money which it has mostly refused to pay for political reasons. But USA is STILL the major financial supporter of the UN. Personally, I’d like to see us paying even less. The UN is a corrupt drain on taxpayer money everywhere. I have worked for UNICEF, WHO, UNDP, UNHCR and I can tell you they are the worst bureaucrats in the world.

I certainly want them to control the world economy.

First, “Isn’t this an organization that we spend millions of dollars supporting?” it is your share that you are supporting and in relation to other country, it was maxout to 22%, so in theory, you should be paying more, but since the U.N. doesn’t want to be controlled by anyone, they cap countribution.

Second, the US is always late in making his payment when they get the bill. I would rather have a “tennant” that pay every months than one who is late, break things up and ask for fixing it for themselves.

Third, about bob the clown who said using gold would not be fare because you would have a country making money by digging up something from the ground… well, I guess oil does not count.

Go back watching Fox News…