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ParkieDem

(494 posts)

11. Fiat currency.

Reply to kentuck (Reply #2)

Wed May 2, 2012, 10:41 AM

May 2012

In the early 1970s, the last vestiges of the gold standard went away. This was caused largely because of the oil shock, but also due to debts the US had accrued during Vietnam. This allowed governments to inflate away lots of problems.

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40 Years Of Workers Left Behind (CHART) [View all] ProSense May 2012 OP

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