America is a continent.
Ya I know. But when someone in the United States says America, we mean the United States of America.
United States is a Legal agreement (treaty).
Is more than just a Legal agreement, but a type of government where federal, state and local government have certain powers. Also the federal has 3 parts that are suppose to regulate each other. (Not happening now)
Dollar is 4/5 of an ounce of silver.
The dollar is what every the market says it's worth. Look at:http://www.kitco.com/charts/livesilver.html
and has not been 4/5 in a very long time.
The Federal Reserve and IRS is an extension of the Bank of England and is responsible for owning the "money".
It isn't our Government and it isn't our money our debt.
The inhabitants of the land mass commonly but mistakenly called America are currently without a representative Government and a sovereign money just like the Greeks. Any investor in this insane situation is insane. IMHO
Agreed, but here is a simpler way to look at the government and interest on the dept. If the United States of America prints the money to any amount, Why does my government pay interest at all?