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News from Spy On You
Gold Backed By Nothing Eh?
News Reporter Bridget Brown States Gold is ‘Backed by Nothing’
Russ Sanderlin
LibertyMaxim.com
September 30, 2011
A video surfaced today, quickly pulled by YouTube shows a media reporter stating that gold is backed by nothing and that the dollar is safer because it is backed by the American government.Here is a great reason that you should do your own research and not accept what the media spoon feeds you. I present this glaring example of misinformation as this reporter claims that gold is not backed by anything, but the US dollar is a pillar of stability because it is backed by the US government. There was a time that the dollar bill used to represent a unit of gold. Once the Federal Reserve came in and replaced our money with fiat currency, this monopoly money is now backed by nothing. It cane be created out of thin air with a flick of wrist and a print press. Gold however, is finite and it must be mined.
This news report came out of CTV of Canada which is the most popular news network in Canada based on the number of viewers. We shared the YouTube video on the Liberty Maxim Facebook page this morning, but it was pulled by this afternoon. NaturalNews.com managed to get a copy to post on their website which you can see here:
Bridget states “…so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve. That’s gonna be around a year from now.”
The US dollar is a certificate of how much debt we owe the private central bank we call the “Federal Reserve”. Since the Federal Reserve was instituted in 1913, it has devalued our dollar at a breakneck pace of about 95%.
Gold on the other hand has performed better in history, and has been the longest standing common unit of currency for thousands of years. It has been on this planet since it’s creation, and will be here long after this economy collapses from the masses relying so heavily on a piece of paper that can be devalued over night.
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