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  1. #81
    Senior Member Judy's Avatar
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    Giggles. Sooooo, the US dollar was never actually backed by the "Gold Standard", we've had trillions more dollars in circulation than the gold we had on hand to back it for far more than a century, decades before Nixon ended the fake "gold standard" scam.

    I have to say, I'm really glad we had this conversation so we can put that old-has-been-never-was to begin with to bed, once and for all.

    Now if Trump will just release all those Kennedy Assassination files .......
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  2. #82
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    Quote Originally Posted by Judy View Post
    Giggles. Sooooo, the US dollar was never actually backed by the "Gold Standard", we've had trillions more dollars in circulation than the gold we had on hand to back it for far more than a century, decades before Nixon ended the fake "gold standard" scam.
    So you think inflation is wonderful.
    Wikipedia:
    The Post-World War II hyperinflation of Hungary held the record for the most extreme monthly inflation rate ever – 41,900,000,000,000,000% (4.19 × 1016% or 41.9 quadrillion percent) for July 1946, amounting to prices doubling every 15.3 hours.
    Judy would be ecstatic with that much inflation!
    MW likes this.

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