comment numbered 6-01-09 353.
Reagan Did it, or maybe he didn't. The game blame isn't fun. More specifically, you declare but fail to prove the Reagan era was the "turning point". Maybe you could put politics aside. There are other turning points that may be atleast as significant as yout Reagan turning point theoy.
While agreed that buying power in the USA has declined significantly. But look back the last 100 years and try to avoid names, Reagan,Kennedy,etc; you would see that the value of our Dollar in relation to purchasing power has declined by 94%. The solution and problem can be also couched regarding the Federal Reserve Bankinf system than this continual , the guy on the left did it, No the guy on the right did it.
The idea of having a Dollar bill tethered to absolutely nothing but "our good word" is a nightmare.
If we could tie the dollar bill to a gold standard again then we might be more likely to save this crisis.
We dont pay enough attention to this more constant problem of the Federal Reserve and no regulation regarding its printing press and lending out counterfeit Promissory notes.There was so much talk in January of reconciarion between the left and right. But your article only stokes the feud. Please strongly consider the getting rid of the gold standard in backing our money supply as the biggest turning point as a problem and also as a potential solution. The next shoe to drop will be the crash of the greenback. Now if American buying power crumbles during the Obama years , are you going to write an article titled "Obama Did It"? Nick Laudani Boston Ma.
While agreed that buying power in the USA has declined significantly. But look back the last 100 years and try to avoid names, Reagan,Kennedy,etc; you would see that the value of our Dollar in relation to purchasing power has declined by 94%. The solution and problem can be also couched regarding the Federal Reserve Bankinf system than this continual , the guy on the left did it, No the guy on the right did it.
The idea of having a Dollar bill tethered to absolutely nothing but "our good word" is a nightmare.
If we could tie the dollar bill to a gold standard again then we might be more likely to save this crisis.
We dont pay enough attention to this more constant problem of the Federal Reserve and no regulation regarding its printing press and lending out counterfeit Promissory notes.There was so much talk in January of reconciarion between the left and right. But your article only stokes the feud. Please strongly consider the getting rid of the gold standard in backing our money supply as the biggest turning point as a problem and also as a potential solution. The next shoe to drop will be the crash of the greenback. Now if American buying power crumbles during the Obama years , are you going to write an article titled "Obama Did It"? Nick Laudani Boston Ma.
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