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发帖数: 8363 | 1 The threat to the US dollar is hyperinflation, not deflation
by James Turk, Founder of GoldMoney.com
Copyright © 2010 by James Turk. All rights reserved.
In the early 1930’s, the US dollar money supply as measured by M3 dropped
by approximately 30%. This deflation, i.e., drop in the quantity of money,
was one of the steepest in history. The purchasing power of the dollar –
until 1933 redeemable into gold and thereafter redeemable into silver –
rose dramatically because less money was in c |
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