I don't know how much actual gold the US holds right now but it could never be enough to match the dollars in circulation at the present time. The 1971 standard was 1 /35 th of a troy ounce per dollar which was probably a fairy tale for several years or decades before it was finally admitted to. Inflation was both a cause and effect of the mind boggling amout of money that has been printed since 1971, the money supply was first increased to pay for the Vietnam war and offset rising oil prices (sound Familar). later, more money was needed to fund business expansion that was made more expensive by the first round of inflationary printing and so on. The USA needs a strong domestic energy policy that provides tax breaks for continued exploration and development domestically and overseas, for US companies, to keeps rigs and men working and energy reasonbly cheap. No administration or Congress has ever gotten this done. Most people turn purple when told that Exxon needs a tax break, but better an American company using that money to do more business inside the USA and employ more people than to continue enriching Middle eastern dynasties.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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