The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (53344)	10/7/2013 1:16:53 AM
From: Wayners	Read Replies (1) of 71427

The U.S. has defaulted before. Continental Dollars was the first one. Reneging on Contracts in Gold was the second one in 1933 and confiscation of Gold at the same time. Reneging on Foreign Contracts and the redemption of Federal Reserve Notes for Gold in 1971. Did you see what happened to interest rates after 1971 until early 1980s? That's what a default looks like.

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