David Morgan takes a survey using some silver coins and some not so silver coins.
The US Constitution says that ONLY gold and silver can be used as money and ONLY the treasury will issue money.
We went off the gold standard so that we could print more money than could be backed by the limited gold on reserve. You need lots of money to fight wars.
thats the big screw up, moving the so called federal reserve into private hands and getting off gold/silver standards...
and the income tax was really expanded during war time and has stuck with us ever since, since WWII more especially...
war has benefited USA by our cheap purchase of the Louisiana territory due to napoleons wars, otherwise France would have a powerful hold on much of america today!, boy would that have sucked!Currency is whatever material or otherwise that people are willing to use for trading goods and services. The problem with paper is it's to easy to just print more and have hyper inflation. Gold and silver are still rare yet also common enough for everyone to use and that is why they are considered worth something. The debate as to whether paper, silver or gold is a better currency is not complete without looking at the bigger picture of the economic systems in place around the world
WWII helped our economy, without our country getting crushed
2 years ago
No comments:
Post a Comment