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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (10033)3/27/2009 1:52:29 PM
From: Wayners  Read Replies (1) of 103300
 
Oh and I wanted to add one more point. If we were still on the Gold Standard, the conversion rate in a Federal Reserve liquidation with dollars still wouldn't be 1:1 but it sure would be a lot better. Even when we were on the Gold Standard, guess what, they still printed more money than there was Gold by about 50%. See the boom-bust 20s for example.
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