GoFuckYourself.com - Adult Webmaster Forum - View Single Post - does anyone know the liberal position on the national debt?

Barry-xlovecam · 08-29-2016, 04:35 PM

If you want to blame someone Richard Nixon devalued the US currency twice and started high inflation probably before you were born.

But you don't understand credit and money -- the debt ratio of the USA is better than most countries. Research over the past 50 years of GNI, GDP and US federal debt. I am not going to do it for you.

It is not that bad if you consider the currency devaluation after Nixon abandoned Bretton Woods -- gold had been $38
https://en.wikipedia.org/wiki/Bretto...em#Nixon_Shock

Gold was $38 in 1971 it's $1327 today
$1 in 1971 is worth $0.17 today
The DJIA high in ws 950 1971 it's 18500 today

When I look at FOREX I have to say that the US Dollar is the best of the worst.

08-29-2016, 04:35 PM
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	If you want to blame someone Richard Nixon devalued the US currency twice and started high inflation probably before you were born. But you don't understand credit and money -- the debt ratio of the USA is better than most countries. Research over the past 50 years of GNI, GDP and US federal debt. I am not going to do it for you. It is not that bad if you consider the currency devaluation after Nixon abandoned Bretton Woods -- gold had been $38 https://en.wikipedia.org/wiki/Bretto...em#Nixon_Shock Gold was $38 in 1971 it's $1327 today $1 in 1971 is worth $0.17 today The DJIA high in ws 950 1971 it's 18500 today When I look at FOREX I have to say that the US Dollar is the best of the worst.