Detailed text transcripts for TV channel - FOXNEWS - 20120918:10:55:00
The country was four years old called the coin age act. who ever shall debase the dollar or do anything to the dollar to make it worth less than what it is shall suffer the penalty of death. >> gretchen: there would be a lot of dead people. >> we obviouslyy don't have that statute. but said the congress can coin money. you couldn't flood the market with phony dollars as we have done since 19133. >> steve: we have devalued the dollar. at the turn of the last century was less. >> the dollar in 1776. gained 8 cent in value. in 1913 lostt 92 percent. and all because the federal reserve flooded the...
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