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<p>[QUOTE=&quot;medoraman, post: 1410600, member: 26302&quot;]I explained it in a previous thread pretty thoroughly and you simply wish to appear open minded and I am stating something I have not explained. Nice try, but those who have been on this board more than a couple of weeks know that I have explained this, that you read it, and you are simply trying to impune the idea without having to defend your own beliefs. YOU are the one who posted the graph, why don&#039;t YOU defend it? Why don&#039;t you explain why a dollar that could buy 1/35th an ounce of gold in 1940 magically has the same purchasing power in 2012 where it can buy 1/1700th an ounce. If that is not true, then your graph is a lie trying to scare people into believing the sky is falling.</p><p><br /></p><p>If anyone who is truly wishing to learn wishes to read about it, I will try to find the thread.</p><p><br /></p><p>Btw Fatima, why are you afraid to show the debt in terms of ounces of gold? How many hundreds of threads have you berated the board and silver supporters with your &quot;fact&quot; that &quot;only gold is money&quot;? Then show your graph in how many ounces of gold we are in debt, changing each year into ounces of gold at the going rate. Are you afraid it will not fit into your, &quot;OMG we are going bankrupt any second so I must put all my assets into gold or my children will be sold into slavery&quot; world view? Would your graph not be scary enough for &quot;shock affect&quot;?</p><p><br /></p><p>To everyone else, I never claim our debt and spending are not a problem, I am saying all graphs that treat a dollar as the same thing over time will ALWAYS show the same shape Fatima&#039;s shows. ALWAYS. Its a function of the error in the assumption in the graph. You can show the EXACT SAME SHAPE when graphing anything over a long time period, price of gold, price of corn, price of cotton, workers wages, etc. It is actually a great lesson in showing how people, (sometimes innocently), can graph something in error and try to shock people with the results. This is why I taught this exact point in economics, the dangers of erroneous graphs and not reading into shapes of graphs.[/QUOTE]</p><p><br /></p>

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