Economic History Lesson One --by xiao fei shi

in 1971, Nixon took us off gold standard, the US dollar died because it was no longer money, it is now what we called" currency"

in 2001,the US dollar has lost 13.2% of its purchasing power since George W Bush took office... wt a bullshit...

in 2008, the first 78 million baby boomers begin to reire $74trillion owed to retires by US government it more than all the money available in all the world's stock market.  ($10 trillion for social security, $64 trillion for medicare)
that why we seeing the gov try to delay the retired age all years around.... ~~~


now, it seens that

the saver become the loser
the debtor become the winner