Quote:
Originally Posted by VRPdommy
And Robbie, if you check, you will find once we came off the gold standard, we tied the dollar to the price of oil.
Technically, our money is backed by oil now.
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I've never thought of it like that. Technically isn't our dollar not backed by anything? Just a "system of floating rates"?
No matter what...the govt. just prints money. And of course "borrows" money (it's never gonna get paid back) creating the giant deficit.
The whole damn thing is insane.
The politicians long ago figured out that they could just make it an unlimited amount of money to spend and began enriching themselves by funneling astronomical amounts of money back to their cronies.