Knn the currency of the US dollar hasn't been backed by gold since the 70s does this fucking pastor king kong even know what he's talking about?
http://en.wikipedia.org/wiki/Nixon_Shock
The
Nixon Shock was a series of economic measures taken by
United States President Richard Nixon in 1971 including unilaterally canceling the direct
convertibility of the
United States dollar to
gold. It helped end the existing
Bretton Woods system of international financial exchange, ushering in the era of freely floating currencies that remains to the present day.
http://en.wikipedia.org/wiki/Bretton_Woods_system
On 15 August 1971, the United States unilaterally terminated convertibility of the US$ to gold. This brought the Bretton Woods system to an end and saw the dollar become
fiat currency.[SUP]
[1][/SUP] This action, referred to as the
Nixon shock, created the situation in which the United States dollar became a
reserve currency used by many states. At the same time, many
fixed currencies (such as
GBP, for example), also became free-floating.
http://en.wikipedia.org/wiki/Fiat_currency
Fiat money has been defined variously as:
- any money declared by a government to be legal tender.[SUP][1][/SUP]
- state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[SUP][2][/SUP]
- money without intrinsic value.[SUP][3][/SUP][SUP][4][/SUP]
The
Nixon Shock of 1971 ended the direct convertibility of the
United States dollar to gold.
Since then, all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.[SUP]
[6][/SUP]
http://en.wikipedia.org/wiki/Reserve_currency
Fugger really talking out his ass spreading untruths. If the currencies aren't back up by gold then his preaching is BS. Might as well counter him by saying the prayers are fiat prayers.