Quote:
Originally Posted by Ugly Bastard
But that you can actually redeem them for $20 worth of gold from federal reserve.
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This is not true. Nixon killed this in 1971.
What appear to be a very little known fact. The U.S. was on the Gold Standard for maybe 30 years total in its history. It was brought on to help insure against the great depression (late 19th century) from happening again. Some economists have said that the gold standard in Great Britain and the U.S. helped prolong the second great depression.