Paper Money vs. Actual Money

[HUMAN]

The Dollar, Yen, and Euro against Gold, Silver, and Platinum.

Is it possible that we will once again learn that the only currencies destined to last are those that are based off of sound monetary policy of being backed by something tangible? The price for all precious metals, like the ones I have listed above, are sky rocketing in terms of the dollar. Have been high in terms of the Yen, and are steadily climbing for the Euro.

So here's my question:

When will we once again realize that fiat, paper currencies do NOT work in the long term and the only solution to that is sound money backed by commodities such as gold, silver or platinum? The next Great Depression?

 

[Wilhelm-Scream]

August 12th

 

[Captain Planet!]

When Warner Bros. has every last dollar in the world because it was all spent watching The Dark Knight.

 

[HUMAN]

August 12th

Why August 12th?

 

[BatSpider]

August 12th

WTF

 

[TLH]

When will we once again realize that fiat, paper currencies do NOT work in the long term and the only solution to that is sound money backed by commodities such as gold, silver or platinum? The next Great Depression?

2012

 

[HUMAN]

It's amazing that this...

...is worth as much as this.

 

[SpideyVille]

Sadly, that's so true

 

[HUMAN]

Here's a little revelation for some of you:

The Federal Reserve bank has broken the law!

Read what this $100 bill says in the left-center area below the Federal Reserve stamp:

Now read this small passage from Section 10, Article One of the Constitution:

"No state shall... emit bills of credit; make anything but gold and silver coin a tender in payment of debts"

 

[HUMAN]

Bump.

 

[bullets]

debit card

 

[Warhammer]

Kinetic card.

 

[SuBe]

It's amazing that this...

...is worth as much as this.

That may be true, but if some one was trading either one of these for Work, which one would you rather have?

 

[X-Chick]

Currency printed in the US is based on gold reserves held at Fort Knox as part of the Federal Reserve System. Isn't that common knowledge?

 

[Warhammer]

I guess somebody didn't watch Die Hard With a Vengeance...

 

[Addendum]

The US Dollar hasn't been on the gold reserve since the 1970s. That's also the same time that the price of commodities (oil, gold, and such) started to rise.