Friday, March 9, 2012

US currency: The Gold Standard versus no standard!

Can you tell what the difference is between these two $1 bills?

If you went to spend them, each would get you a burger off of the dollar menu although there is a major difference between the two.

The bill on the top is based on the Gold Standard while the bill on the bottom is merely an illusion of value based on the magical powers of a Treasury Department printing press.

US currency today is like a cross between a game of three card monte and the flim flam florio of a grifter. All rolled into one.

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