As in Canada, and as in all of History's littered trail of failed states, political corruption brings a concentration of power and wealth to deny opportunity for the honest hard-working common man or woman.
In 2011, Prof. G. William Domhoff wrote Who Rules America: An Investment Manager's View on the Top 1% and recently added an update here.
As a refresher, what did the Founding Fathers say about sound money?
In 1792 one dollar would purchase 17.68 percent - almost one-fifth - of an ounce of gold. Today it purchses one-fifteen-hundredth of an ounce.
ReplyDeleteJeepers! Time to get rid of my stocks in purse companies and invest in wheelbarrows!
DeleteDon't worry!!...Bitcoin is gonna save us all! It's backed by...let me think now????....nothing...ya can't even say it isn't worth the paper it is written on. Beware the development of that worthless "money" that loads sooooooo easy onto a smart phone.
DeleteI don't know, but can a guy still buy a gold or silver bar?
DeleteYa Bitcoin. Stay tuned! Some 15-year-old hacker will soon be a bitcoin billionaire: my prediction.
DeleteOh yes. You can purchase gold and silver bullion. You may also purchase land as hedge against inflation. However, our government can tax, regulate and confiscate at will, particularly during "emergency conditions". And property rights were much stronger in 1933 than now: http://en.wikipedia.org/wiki/Executive_Order_6102
ReplyDelete