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() 🧠 These people are stupid!

posted 1 year ago by panamax 1 year ago by panamax +213 / -0

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– paul_rick 1 point 1 year ago +1 / -0

In 1968 the dollar was pegged to gold at $32/oz. Then TPTB disconnected from the gold standard and the word "inflation" was born.

Today the price of gold is right about $2000/oz. That means that gold is now 62 times more valuable than before 1968. Put another way, your dollar is now worth about 1.6¢. Feeling the sqeeze yet?

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