Posted by Gun guru on January 29, 2010 at 13:20:47 from (71.82.106.31):
In Reply to: consumer price index posted by bill b va on January 29, 2010 at 07:17:59:
A lot of the information that the government puts out is skewed to reflect what they want to see. The government will say, If Joe Smith has his left leg in a bucket of ice water and his right leg is in a pile of burning coal his average body temp. is 98.6F. (mostly BS)
Paper money was put out by the government in the 19th century because "bank notes" as they were called did not transfer well between states. IE, A bank note from Georgia didnt get accepted well in Vermont, and so on.
Their is supposed to be fractional gold reserves to back up the paper dollar.....But with all the bailouts and spending free spree in DC I wonder what the real amount of gold vs. dollar amounts there are. When we went off the gold standard in 1971 it opened up a pandoras box for inflation to run rampant.
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