Birdwatch Archive

Birdwatch Note

2023-05-17 18:26:22 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The government has defaulted four times. - 1862 following massive money-printing to fund the Civil War - 1933 defaulting on bonds - 1968 refusing to redeem silver certificates - 1971 breaking Bretton Woods commitment to redeem gold certificates held by foreign governments https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/

Written by C4BC34A0B41032E76290F1AE47D0AE0BEF5397174CB1285C6A58E697DA3C8D98
Participant Details

All Information

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• noteId - 1658901790891581440
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• noteAuthorParticipantId - C4BC34A0B41032E76290F1AE47D0AE0BEF5397174CB1285C6A58E697DA3C8D98 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The government has defaulted four times. - 1862 following massive money-printing to fund the Civil War - 1933 defaulting on bonds - 1968 refusing to redeem silver certificates - 1971 breaking Bretton Woods commitment to redeem gold certificates held by foreign governments https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/