I'll say it again...Jimmy Carter as all of us at FR well know...is the greatest president of the 20th century. Thank God, for him. I mean look at what he did to promote peace in the middle east by not supporting the Shah of Iran and our security in SE Asia during his four years in office with his unilateral disarmament initiatives.
My parents were esp happy with him, because inflation was so high they were able to unload their silver dollar collections for five or six times what they could sell them now for.
>>>I'll say it again...Jimmy Carter as all of us at FR well know...is the greatest president of the 20th century. Thank God, for him.<<<
LOL! Funny you should bring this up, I work with a guy who actually said the same thing recently, damn near fell outta my chair AND he was serious!
Inflation and Interest had very little to do with the run-up in the price of silver in 79-80. That was caused by the Hunt bros. trying to corner the market in silver. They wound up defaulting on a bunch of their purchases and settled with Engelhard Min. & Chem. and its Philipp Bros. Div. for $400 milliion when that was still big money. They made other settlements also.