I was watching some videos from here
http://goldismoney.info/forums/showthread.php?t=262458(great forum this stuff) and so far I really know next to nothing on economics and politics(I don't really like it) and so far I understand that the US dollar is really flat fiat money and is basically becoming worthless. In one of the videos I've watch the narrator was saying from 1830-1930 a 1 Ounce Gold coin to dollar exchange was about 20 dollars roughly. The increase between 1830-1930 was only 74 cents if I am correct and then he goes on to say now(The video was in 2006) that same 1 ounce Gold coin is like $930 dollars and that its not that prices are rising but the US Dollar is becoming valueless. Im pretty new to this but I remember the guy said a car like say A Corvette costing $55,000 would be like $1,200 back then so about 60 1 Ounce gold coins would buy you that. So lemme get this straight people because of the federal Reserve Act people had to give away their worthy gold for flat paper money thats not even equal in value? Im still new to this but damn thats crazy.
i think it was during the new deal..FDR requested all metals be turned in..LOL..only an idiot would do that now..federal reserve are credit bankers...they front big banks money via US treasury...then the big banks front smaller banks cash to start..then those banks lend it to businesses and individuals...the difference is with gold and silver theres no inflation..(reason why there is 4$ + gas and the price of everything is going up) Federal reserve says no thats not necessary...we will front you money and you just pay us to lend the money...so that way we can lend more money...and the economy can move foreward and expand much faster..oh and by the way...we will keep interest rates artificially low so that banks can lend ever more money..this right here is slavery this is why jefferson said never to allow central credit bankers into the country...they will have your children living in the street......and its unsound economics...economics 101 dont spend what you dont have...they say...if we dont have it we will print more of it...
Gold is going up..oil is going up..and silver..platinum ..palladium etc are all going up...2002 was the time to buy...after 911..
thats why in old shows or movies a loaf of bread was a quarter...gallon of gas was 10 cents..etc..its not because its gotten better..its inflation