Devaluing a Dollar
The price of a dollar took another dive this week, but most sheep don't understand what's going on. The communist media tells us that the "price of gold" is going up. Wrong!
It is a mistake to think that the "price of gold" has been going up. That is the communist government's lie. The price of an oz of gold is always exactly an oz of gold. What has changed is that the price of a dollar has gone down, and down, and down. When communist FDR took office a dollar was worth about 1/20 of an oz of gold. Over the past 80 years, one lifetime, the price of a dollar has declined to about 1% of its value when FDR took office. Instead of being worth 1/20 oz of gold, a dollar is now worth only about 1/2000 of an oz of gold.
Who does that benefit? Who owns most of the gold in the US? Who bought the gold for $20 per oz and immediately afterward lowered the value of a dollar to 1/32 of an oz? Who owes most of the debt in the US that can be paid off in worthless dollars? You guessed it. Government corruption is robbing America again. This week they are planning to print more worthless dollars, to devalue dollars further.
It is a mistake to think that the "price of gold" has been going up. That is the communist government's lie. The price of an oz of gold is always exactly an oz of gold. What has changed is that the price of a dollar has gone down, and down, and down. When communist FDR took office a dollar was worth about 1/20 of an oz of gold. Over the past 80 years, one lifetime, the price of a dollar has declined to about 1% of its value when FDR took office. Instead of being worth 1/20 oz of gold, a dollar is now worth only about 1/2000 of an oz of gold.
Who does that benefit? Who owns most of the gold in the US? Who bought the gold for $20 per oz and immediately afterward lowered the value of a dollar to 1/32 of an oz? Who owes most of the debt in the US that can be paid off in worthless dollars? You guessed it. Government corruption is robbing America again. This week they are planning to print more worthless dollars, to devalue dollars further.
Labels: government, Government Bankruptcy, government tyranny, Obamanation
posted by Bob | Wednesday, August 24, 2011
4 Comments:
What does bob know about money and finance?
Note to anonymous:
Bob has a degree in business economics and has spent almost half a century studying and observing the failure of government/socialism.
What galls me the most is all the central banks of the world buying gold, and then having Keynesian MBA fools that run them tell us over and over that gold is not money.
Funny how gold is good enough for them, but not for proles.
I'm partial to the Austrian school overall. It makes the most sense.
This begs the question as to who is SELLING all this gold and what their agenda is. Gold is only good if ppl want to buy it. So who wants to accept it at value? A tough question. Besides, it's easy enough for the pigs to break in and steal that gold anyway. The best option for those at the lower end of the social scale would be investing in BIC lighters and cigarettes. Developing a social network would also be a plan. My experience says one man can't live alone.
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