Tuesday, August 2

Debt crisis averted…debt ceiling raised.  Apparently, the United States has in fact actually defaulted in some form or fashion three times in its history. First in 1814, then in the 1930s and in 1971 when President Nixon removed the need for gold to back-up American currency.  I think we should go back to requiring gold to be linked to our currency since it seems our treasury prints money “willy-nilly” now.