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 - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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