Liberal Forum

Prior to 1971 USA Dollars was "Gold" fixed like $35/$40 dollars per ounce ..

Vietnam War co$t us a fortune & Europe started wanting Real "GOLD" Instead of Dollars"

Richard Nixon signed & suspended the "Gold Standard"

By 1980 gold hit $800 an ounce..

Since 1971 the USA DOLLAR has lost 92% of its "Purchasing Power"

Also under a Gold Standard our government couldn't just print up new money..

Nope under The Gold Standard Washington D/C actually hadda "Ballance" Budget based upon our Gold Reserves .

Today your Dollars just a piece of paper in your wallet or DIGITS in your Bank Account..

Has no real "Itristic" Value it's "Fiat Currency "..

Then again they USA DOLLAR the cleanest shirt in the laundry basket..

Nonetheless Fed Reserve & Treasury got printing presses running 24/7..

Your Standard of Living goes down too..

Unless ya got the "Front End" that $$$ could buy a buncha house up and Stock Market