3 ms·
Many problems were solved with our departure from the gold standard Such as having to give the Saudis, and now the Chinese, all our gold. Instead we give th
by buff-a 15y ago
Many problems were solved with our departure
from the gold standard
Such as having to give the Saudis, and now the Chinese, all our gold. Instead we give them paper, and they then reinvest that paper in:
* internet companies
* enron
* property
* banks
- ldar15 15y agoAnd now, governments! http://blogs.reuters.com/felix-salmon/2011/07/15/the-horrifying-aaa-debt-issuance-chart/ http://blogs.reuters.com/felix-salmon/2011/07/15/the-horrify... Fancy.