Since the year 2000, all you would have had to do was watch the Fed print money and then buy gold and silver. In 2000, gold was approximately $275 an ounce, and silver was $4.75 an ounce. Today, an ounce of gold is pushing $1,200, a 430 percent increase; and an ounce of silver is $18, a 380 percent increase. Keep your eye on the ball. Keep up your financial education and don't go into cruise control. Anyone can look smart in a bull market, and most look like fools when that market crashes.
After 1971 all major currencies of the world became debt - bonds backed by governments promising that tax payers would pay for the debt via taxes. In other words, after 1971 taxpayers were paying for the blunders of the rich. The rich who made the mistakes will keep the money they made, and the taxpayers will bail them out. Dubai is not the only country doing this. The US, Japan, and England are doing the same. If there is anyone to cry for it is the poor and middle class who ultimately pay the price. And the highest price is the lack of financial education in the world's educational systems.
"If the American people ever allow private banks (the Fed) to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of their prosperity until their children will wake up homeless on the continent their fathers conquered." ~ Thomas Jefferson (over 200 years ago)
Now that the economy has crashed, the rich get richer, even as unemployment and homeless grows in America.As homelessness rises, so does crime.
How can there be honesty if there is no transparency? What are they hiding? What is it they don't want us to know? Are our leaders that powerless? How much power do multinational banks and corporations have? What power do you and I have?
Recommended Readings: The Creatur from Jekyll Island - Edwards Griffin
