Message:

<p>[QUOTE=&quot;rodeoclown, post: 1326193, member: 34005&quot;]It doesn&#039;t have to be gold for the Bank Reserves. If you search the actual Act in particular Section 19. Bank Reserves, gold is not mentioned once.</p><p><br /></p><p>According to the Federal Reserve Act:</p><p><br /></p><p><span style="color: #000000"><font face="Arial"><br /></font></span></p><p><span style="color: #000000"><font face="Arial"><br /></font></span></p><p><span style="color: #000000"><font face="Arial"></font></span><a href="http://www.federalreserve.gov/faqs/currency_12770.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/faqs/currency_12770.htm" rel="nofollow">http://www.federalreserve.gov/faqs/currency_12770.htm</a><span style="color: #000000"><font face="Arial"></font></span></p><p><span style="color: #000000"><font face="Arial"><br /></font></span></p><p><span style="color: #000000"><font face="Arial">So gold can be one of them, it&#039;s not required since there is no longer a &quot;Gold Standard&quot; to back money. So again, gold or no gold, as long as the Federal Banks hold collateral in equal value of the money released, all is good.</font></span>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in