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<p>[QUOTE="rush2112, post: 1300807, member: 25570"]I see little value in a currency backed by debt.</p><p><br /></p><p>The amount of gold the U.S. supposedly has, is irrelevant. Backing out of the he Bretton-Woods system, referred to as the "Nixon shock" in 1971, put an end to to the U.S dollar being backed by anything other than a promise. This is when the U.S. dollar became a fiat currency and the freedom to print endless amounts of paper money started. I could be wrong, but if I remember correctly, it had something to do with financing the war in Vietnam and Nixon not wanting the gold reserves to deplete further. </p><p>As for the comments about whether or not the war was constitutional, it simply looked bad when viewed by the rest of the world, as another intervention to gain control of the more oil. Just because something may or may be constitutional does not make right to use it as guide to live by in the rest of the world.</p><p>Boots on the ground meant being first to cut deals with this group of rebels that no one knew. Well, we know who they are now, a bunch of extremists with ties to the ones we are now fighting and dieing for to rid the planet of them. </p><p>As I said before, Mrs. Clinton appearance in Lybia before the Dictator was assasinated, looked really bad. This man posed no threat what so-ever to the rest of the world. I understand Gadaffi was on his way out of the country after cutting a deal. If it was about protecting civilians, then the madman in Syria should have been first to experience a drones missle. </p><p><br /></p><p>About the Vietnam war, I do admire the effort put forth and have the upmost respect for all the guys who went over there.[/QUOTE]</p><p><br /></p>
[QUOTE="rush2112, post: 1300807, member: 25570"]I see little value in a currency backed by debt. The amount of gold the U.S. supposedly has, is irrelevant. Backing out of the he Bretton-Woods system, referred to as the "Nixon shock" in 1971, put an end to to the U.S dollar being backed by anything other than a promise. This is when the U.S. dollar became a fiat currency and the freedom to print endless amounts of paper money started. I could be wrong, but if I remember correctly, it had something to do with financing the war in Vietnam and Nixon not wanting the gold reserves to deplete further. As for the comments about whether or not the war was constitutional, it simply looked bad when viewed by the rest of the world, as another intervention to gain control of the more oil. Just because something may or may be constitutional does not make right to use it as guide to live by in the rest of the world. Boots on the ground meant being first to cut deals with this group of rebels that no one knew. Well, we know who they are now, a bunch of extremists with ties to the ones we are now fighting and dieing for to rid the planet of them. As I said before, Mrs. Clinton appearance in Lybia before the Dictator was assasinated, looked really bad. This man posed no threat what so-ever to the rest of the world. I understand Gadaffi was on his way out of the country after cutting a deal. If it was about protecting civilians, then the madman in Syria should have been first to experience a drones missle. About the Vietnam war, I do admire the effort put forth and have the upmost respect for all the guys who went over there.[/QUOTE]
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