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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (1160)9/6/2011 8:45:14 PM
From: Bread Upon The Water  Respond to of 85487
 
There is much to what this says about the tendency of fiat (paper) currencies to self-destruct (and not just in democracies) and the method by which this has occurred (occurring) in the USA starting mostly in 1972 when Nixon tool us off the gold standard.

Not sure it is fair to lay this all on the Dems and Obama. A lot of Republican Presidents have participated in the process of devaluing the dollar by running up the deficits as well.