Comment: Here is your

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Here is your

answer:

The dollars in circulation now are too many. Picture it by first viewing this chart:

http://static.safehaven.com/authors/hewitt/8030_d.png

While viewing it, remember Nixon took us completely off the gold standard in 1971...

See all those TRILLIONS of dollars to the right? Okay now read this page:

http://www.pagetutor.com/trillion/index.html

Last, understand that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument.

However, their argument is absurd. It's to say we needed to go off the gold standard because there wasn't enough gold. That's not the case. The government wanted to break its shackles on spending. Period. If we had STAYED on the gold standard all Americans would be RICHER right now in terms of value per dollar. You could probably buy a gallon of gas for a little more than the cost in 1971. What was that? 50 cents? You wouldn't NEED as many dollars to buy things. All those trillions to the right are debt based inflation.