Unbacked

But the very first number of _Punch_, as we have seen, rejoiced in a cartoon as we now understand it -- that is to say, a large full-page or double-page block of a satirical nature, usually placed in the middle opening of the paper, and for the most part still further dignified by being "unbacked" by other printing. ❋ M. H. Spielmann (N/A)

There would have been no depression, no unbacked dollar, no WW2, no cold war, no military industrial complex and no Israeli tail wagging the American dog. ❋ Unknown (2009)

I originally caught wind of this case some time ago from the works of Ted Butler and I've blogged, blogged again and blogged more on this and other schemes by banks to sell non existent bullion and unbacked bullion certificates to unwary investors. ❋ Canadian Silver Bug/Green Assassin Brigade (2009)

An executive order made it illegal for anyone to “hoard” gold and forced everyone to turn in gold and gold certificates to the government at an exchange value of $20.67 per ounce of gold in return for unbacked paper currency and bank deposits. ❋ Arthur B. Laffer (2010)

So anything less then making unbacked, bellicose threats is now defined as “the Chamberlain approach”?? ❋ Unknown (2008)

Why do people support an unbacked currency that can be created at will by politicians? ❋ Xtra (2008)

Its bogus and its one of the inconviniences they use to drive you towards unbacked silver certificates. ❋ Canadian Silver Bug/Green Assassin Brigade (2008)

Yet we are supposed to accept your unbacked and self-serving assertions? ❋ Unknown (2008)

Push for a global paper currency, unbacked by anything but the lies and promises of diplomats? ❋ Unknown (2009)

The biggest indicator: the gulf that remains between yields on bonds guaranteed by the Federal Deposit Insurance Corp. and unbacked bonds. ❋ Unknown (2009)

"There are already signs that the scale of future deficits, unbacked as yet by clear strategies on how they may be corrected, are having an impact on the effectiveness of our short-term measures – seen in the dissonance between the Bank of England and government messages and bond market reactions." ❋ Unknown (2009)

Washington bailed out AIG's counterparties, to whom it owed hundreds of billions, because AIG had sold to them unbacked credit default swaps (a form of insurance on bond values). ❋ Unknown (2009)

And that is whether the currency is an unbacked fiat currency or a currency backed by some kind of commodity — a gold or silver standard. ❋ Unknown (2009)

When a country has an unbacked fiat currency there is ultimately no constraint on spending, the government can order more money printed to pay off the debt, devaluing the currency at the same time. ❋ Unknown (2009)

We're nearly or already bankrupt; are creating money to cover our obligations; the more we print, the more we need; it's fiat currency unbacked by gold; and every new dollar created dilutes the value of all others in circulation. ❋ Unknown (2008)

By it'svery existence, creating fiat money out of thin air and loaning it to our government "at interest", it Creates National Debt (thus owned by ALL Americans) and creates Inflation by the printing of unbacked U.S. currency. ❋ Unknown (2008)