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Old 05-16-2008, 04:22 PM   #3
freddystone

Join Date
Oct 2005
Posts
652
Senior Member
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...one of the reasons we went off the gold standard was so that the gov't could print up money at will to finance wars. more wars = more money in circulation.
excellent point, john, that's exactly what's happening. we've been losing truckloads of money with the iraq war, both literally and configuratively. i saw a snippet on the news of a senator grilling a war general, incredulous about the amount of money being shipped to iraq and promptly lost. (see this report) he was telling the general that they had just shipped the equivalent of 2 huge dumptruck loads of pallets of shrinkwrapped crisp new hundred dollar bills, (which was promptly "lost") and demanding to know what happened to it. the general, unfortunately didn't seem to have any answers. it would have been hilarious, if it weren't so sad.
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