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?
Sticky for how dangerous and destructive our own Fed Reserve just became.
It has to get worse before it can get better.
People can't be told. They must be shown.
Inflation will be the rude awakening for millions of Americans.
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?