Back then our fiat dollar was backed by a gold , when the Pres. took the gold standard out during 1970's, because they want to print more money to fund the profitable war. :)
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Back then our fiat dollar was backed by a gold , when the Pres. took the gold standard out during 1970's, because they want to print more money to fund the profitable war. :)
Governments really tend to print more money nowadays. It's not too bad until a friend of mine said that he has in his possession 2 PHP bills with the same denomination, with the exact same serial number (both genuine as per a bank). You know that they're doing something much worse than 'printing'.
Yeah, when they adopted the idea of globalization they want to manipulate the currencies because there's currency war going on out there between US and China and other countries, some kind of Virtual World War 3. :)