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Political Factoid
Ever since the Nixon administration,
the U.S. debt has exceeded the
supply of gold.
*
Inflation
Costs of wars
Ransoms demands from oil cartels
Negative trade balance
*
which prompted the U.S. to abandon the gold standard
cf.
2178
,
1514
,
3277
-30-
Collected by students of
Zo^o University
Last updated
*
2012-12-09
Copyright
© 2012 Zo^o University
All Rights Reserved
