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<p>[QUOTE=&quot;fatima, post: 1325856, member: 22143&quot;]If the gold wasn&#039;t there, then immediately the Federal Reserve would be found to have an invalid balance sheet because the gold certificates that are backed by this gold, are used in part to back the non-circulating &quot;base money&quot; the Federal Reserve uses for backing of the entire USD in circulation.&nbsp; You can check this yourself by looking at the Federal Reserve balance sheet on their website.&nbsp; </p><p><br /></p><p>While you and I, we peons, can&#039;t redeem our federal reserve notes for gold, this doesn&#039;t mean the central banks don&#039;t need it.&nbsp;&nbsp; When the central banks deal with each other, they don&#039;t use the confetti they print for us.&nbsp; They use &quot;lawful money&quot; which includes gold reserves and Treasury notes directly backed up by taxation of the US taxpayer.&nbsp;&nbsp; So, if the US were found to be lying about their gold reserves, it would have a devastating effect on the USD in terms of world trade and faith in the fiat money system.&nbsp; &nbsp; Most likely it would bring down the existing system as bad as it is and the USD in people&#039;s pockets would really become worthless.&nbsp;&nbsp; </p><p><br /></p><p>So yes, every American should be very worried about it.&nbsp;&nbsp; </p><p><br /></p><p>The question for you if you don&#039;t believe this, and I don&#039;t blame you, is why do you put worth in a piece of linen with a long dead president&#039;s face printed on it?[/QUOTE]</p><p><br /></p>

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