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Old Aug 9, 2007 | 08:10 AM
  #41  
98CoupeV6's Avatar
98CoupeV6
lots and lots of fail
 
Joined: Dec 1999
Posts: 23,004
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From: Deeeeeeeeeeeeeeetroit
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Then explain to me how I don't know what I'm talking about.

What backs up our money? Gold and credit. We have far more credit than we do gold in Fort Knox. It IS just glorified paper, a promissory note by the Treasury Department. (edit: I couldn't remember at the time, but this is called Fiat money or Fiat standard or something like that)

I never said we actually do print more money to cover debt I said we CAN. What is it with you and picking out 3 words of a 50 word post to argue with?

Last edited by 98CoupeV6; Aug 9, 2007 at 08:14 AM.
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