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Welcoming Committee
Registered: 10/02/2008
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Re: New $100 Bill

Oct 9, 2013

KZMProductionsGT wrote:

It's sad that a lot of people still think Ben Franklin was a president XD


What about Hamilton? That guy sits on an even more common currency!


Welcoming Committee- "The business of gaming is business"
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Welcoming Committee
Registered: 10/02/2008
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Re: New $100 Bill

Oct 9, 2013

JohnKarnes wrote:

I want silver and gold to come back paper is worthless.


It is too late to go back to a gold standard. Our money is not backed by anything anymore which helped allow inlfation to occur. 

 

The gold standard also has a major flaw in that it is limited by the amount of gold available. This may not sound like much of an issue, but it caused deflation and people could not get money. This is what caused the federal reserve to be formed. It has districts set up to ensure that deflation does not occur. Sadly, we have the opposite problem now.


Welcoming Committee- "The business of gaming is business"
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Fender Bender
Registered: 06/08/2013
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Re: New $100 Bill

Oct 10, 2013

bob-maul wrote:

JohnKarnes wrote:

I want silver and gold to come back paper is worthless.


It is too late to go back to a gold standard. Our money is not backed by anything anymore which helped allow inlfation to occur. 

 

The gold standard also has a major flaw in that it is limited by the amount of gold available. This may not sound like much of an issue, but it caused deflation and people could not get money. This is what caused the federal reserve to be formed. It has districts set up to ensure that deflation does not occur. Sadly, we have the opposite problem now.


Aww man. I always wanted to be an alcehmist. :'( Smiley Tongue

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Treasure Hunter
Registered: 08/23/2010
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Re: New $100 Bill

Oct 10, 2013

 

I like the new look. Looks pretty neat!

Give thanks to people who do fruad since this is why we have the new look Smiley Mad

YB

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