GORDON GEKKO AT ZH: The Coming Financial Tsunami
THE VALUE OF THE DOLLAR was originally defined by the Constitution only in terms of milled silver. Congress was allowed to coin money but was never intended to print and issue paper (fiat) money.
This is a most interesting series in view of the continued printing and spending of fiat money without seeming limits in the United States and every civilized country of the world----even as sovereign debt bubbles continue to blow up towards the greatest global bubble burst the world has ever known. It will make the Great Depression look like kindergarten.
Thursday, May 13, 2010
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