Thursday, August 21, 2014

US Economy ( Inflation of the dollar)



On top is the current US dollar while on the bottom is the old US silver backed dollar. The silver backed dollar's value changed depending on the amount of silver the US owned. While the current US dollar has no backing thus can be printed indefinably by the government and its only value is in the minds of the people. This has led to a gross over printing of the dollar causing inflation making the dollar worth 95% less than it did in 1914.

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