Mimoun February 22, 2016 at 2:40 am -

Slightly off topic.This surprised me. I told some fimlay members that the dollar was not backed by gold. They didn’t believe me! I tried to convince them but they just stared at me like I was crazy. Try it yourself, ask a few acquaintances if they could go down to the Federal Reserve bank and get gold for their dollars. Most will say yes.I just learned that some of our Congressmen don’t even know that the dollar is not backed by gold.What do you think would happen if, during the next “testimony” Ben Bernanke gives before congress, one of the congressmen asks him, “If I take $1000 to the Federal Reserve, will they give me $1000 worth of gold?” and the entire country hears that no, you cannot get gold for the dollar and you haven’t been able to since the 1930s.