"Every dollar of a bank bill that is issued beyond the quantity of gold and silver in the vaults represents nothing, and is therefore a cheat upon somebody." - Conspiracies

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"Every dollar of a bank bill that is issued beyond the quantity of gold and silver in the vaults represents nothing, and is therefore a cheat upon somebody." (media.conspiracies.win)

posted 2 years ago by glownigger8675309 2 years ago by glownigger8675309 +19 / -0

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– Iknowitsu -1 points 2 years ago +1 / -2

Before they had industrial uses for precious metals…

What was their value based on?

The root of value systems is in our psyche, not the metal itself.

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