I feel like there was a time trip to astral hell. The gov has printed so many new green pieces of paper that we could see inflation in the future. Expect trouble as we have made the dollar worth less and less until now it is almost worthless. For example, case in point, if you were to time travel back to 1929 before the great depression started an ounce of gold was about twenty bucks. The cost of renting a house was $20/month. The same ounce of gold now costs almost $1000, which is what it costs to rent the same house in 2009. Therefore paper money has lost over 99% of its values, whereas gold is still worth a lot.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment