from The American Heritage® Dictionary of the English Language, 4th Edition
- adj. Lacking backing or support.
- adj. Not having a back.
- adj. Never having been ridden, as a horse.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. Having no back
- adj. Having no (or few) backers
from the GNU version of the Collaborative International Dictionary of English
- adj. Never mounted by a rider; unbroken.
- adj. Not supported or encouraged; not countenanced; unaided.
from The Century Dictionary and Cyclopedia
- Not having been backed; not taught to bear a rider; unbroken.
- Unsupported; left without aid; unaided; in sporting, not supported by bets: as, an unbacked horse.
- Not moved back or backward.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adj. unsupported by other people
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.
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.
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.
Why do people support an unbacked currency that can be created at will by politicians?
Its bogus and its one of the inconviniences they use to drive you towards unbacked silver certificates.
Yet we are supposed to accept your unbacked and self-serving assertions?
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.
So anything less then making unbacked, bellicose threats is now defined as “the Chamberlain approach”??
"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."
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).