Quote:
Originally Posted by trekkor
There is way more US paper money in circulation than the gold in Ft. Knox.
Didn't Germany request their holdings back in gold recently and were denied?
KT
|
It's been that way since 76...... " In October 1976, the government officially changed the definition of the dollar; references to gold were removed from statutes. From this point, the international monetary system was made of pure fiat money."
Maybe it was the Italians not the Germans wanting their Fiat money.
