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To: cgbg
Gold: 1970 $35 / 2024 $2200 x60

Numbers approximate but going off the gold standard ruined money.

Was real, now fiat.

Our debt in 1970 dollars is only 540B (don't we wish we had a bunch of those dollars).

19 posted on 01/03/2024 11:06:46 AM PST by Aevery_Freeman (I didn't mis-gender you, You did!)
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To: Aevery_Freeman

Nixon promised getting off the gold standard was a temporary measure.

We were so stupid to believe him.


21 posted on 01/03/2024 11:13:37 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
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