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Onion: US To Trade Gold Reserves

34
quickjustice6/24/2009 1:19:18 pm PDT

re: #27 midwestgak

Actually, FDR first banned private ownership of gold. U.S. dollar certificates originally were redeemable in gold. That was changed to silver later, and eventually dropped entirely. We now have a purely fiat currency about which our major creditors are very worried.