It's very complicated. The central bank has become, in essence, an extension of the Executive branch, with Fed Reserve Chairs being appointed by the President. This is problematic and introduces political doctrine into the monetary equation. Also, printed money is "lent" to banks at a negative rate of return; this is ludicrous. As far as being backed by gold, it has it's benefits and it's problems. No system is perfect. This could be a whole thread, but the moonbats would flock to it as if to a swarm of juicy conspiracy theories.

The value of the dollar is increasing, due to the tensions in Europe. Thank You Cheney!

Well it's going up due to the fall of the euro, which in all reality really means nothing, it's like when gas prices went down a month ago by like 30 cents, people were like Oh yeah gas is cheaper, no... gas may have dropped like 10 bucks a barrel but the real reason gas got cheaper was because the dollar saw it's 1 day greatest surge in like 5 years or something ( don't quote me on the exact surge years).

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My Multi 400W FFoF Widowcindy / Mental Floss Grow Diary

Money is really only paper. The only value it has is based on the stability of the issuer. If America is a good place to do business, the dollar will rise. If America looks like it is becoming a risky endeavor, relative to the stability of our trading partners countries, the value will fall. Simple stuff really.

Well between that and inflation

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My Multi 400W FFoF Widowcindy / Mental Floss Grow Diary

Supply and demand is why gas prices are falling. Supply is relatively steady and demand has drastically dropped due to many countries eliminating subsidies to keep gas prices down, like India, and the west using less.


Gas subsidies trimmed, but demand may still rise - Jul. 2, 2008

like a lesbian....

I wish............

Georgia (02/0

PEOPLE AND HISTORY
Georgia's recorded history dates back more than 2,500 years. Georgian, a South Caucasian (or "Kartvelian") language unrelated to any other outside the immediate region, is one of the oldest living languages in the world, and has its own distinctive alphabet. Tbilisi, located in the picturesque Mtkvari River valley, is more than 1,500 years old. In the early 4th century Georgia adopted Christianity, the second nation in the world to do so officially. Georgia has historically found itself on the margins of great empires, and Georgians have lived together in a unified state for only a small fraction of their existence as a people. Much of Georgia's territory was fought over by Persian, Roman, Byzantine, Arab, Mongol, and Turkish armies from at least the 1st century B.C. through the 18th century. The zenith of Georgia's power as an independent kingdom came in the 11th and 12th centuries, during the reigns of King David the Builder and Queen Tamara, who still rank among the most celebrated of all Georgian rulers. In 1783 the king of Kartli (in eastern Georgia) signed the Treaty of Georgievsk with the Russians, by which Russia agreed to take the kingdom as its protectorate. In 1801, the Russian empire began the piecemeal process of unifying and annexing Georgian territory, and for most of the next two centuries (1801-1991) Georgia found itself ruled from St. Petersburg and Moscow. Exposed to modern European ideas of nationalism under Russian tutelage, Georgians like the writer Ilya Chavchavadze began calling for greater Georgian independence. In the wake of the collapse of tsarist rule and war with the Turks, the first Republic of Georgia was established on May 26, 1918, and the country enjoyed a brief period of independence under the Menshevik president, Noe Zhordania. However, in March 1921, the Russian Red Army re-occupied the country, and Georgia became a republic of the Soviet Union. Several of the Soviet Union's most notorious leaders in the 1920s and 1930s were Georgian, such as Joseph Stalin, Sergo Orjonikidze, and Lavrenti Beria. In the postwar period, Georgia was perceived as one of the wealthiest and most privileged of Soviet republics, and many Russians treated the country's Black Sea coast as a kind of Soviet Riviera. On April 9, 1991, the Supreme Council of the Republic of Georgia declared independence from the U.S.S.R.

it's a good thing russia was there to stop that genocide.......