{"id":318108,"date":"2022-09-25T01:00:40","date_gmt":"2022-09-25T05:00:40","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=318108"},"modified":"2022-09-24T02:02:50","modified_gmt":"2022-09-24T06:02:50","slug":"ron-paul-americas-first-hyperinflation","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/09\/ron-paul-americas-first-hyperinflation\/","title":{"rendered":"Ron Paul: America\u2019s First Hyperinflation"},"content":{"rendered":"
from Birch Gold Group<\/a>:<\/em><\/p>\n <\/p>\n By Ron Paul, for\u00a0<\/i>Birch Gold Group<\/i><\/a><\/p>\n Today, we\u2019re seeing 40-year record inflation thanks to a combination of irresponsible monetary and fiscal policies. I\u2019ve spoken to a lot of Americans who are seriously worried we\u2019ll see a destructive bout of hyperinflation.<\/p>\n If we do, you may be surprised to learn it won\u2019t be the first time\u2026<\/p>\n Today I\u2019m going to tell you the story of America\u2019s first hyperinflationary episode. Our Founding Fathers learned a crucial lesson from it, and tried to ensure it wouldn\u2019t happen again\u2026<\/p>\n TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n During our own nation\u2019s Revolutionary War in 1775, the Continental Congress legalized the printing of paper money. Politicians thought there wasn\u2019t enough specie (real<\/b>, or gold and silver) money\u00a0in the entire nation,\u00a0<\/i>so they decided to make their own.<\/p>\n Historians estimate that just $10 million<\/a>\u00a0in real money was circulating in the U.S. at the time. So Congress authorized IOUs to be used as money. They paid for food and horses and weapons, even paid soldiers in \u201ccontinental currency<\/a>.\u201d<\/p>\n Here\u2019s an example:<\/p>\nAmerica\u2019s first hyperinflation<\/h2>\n