Some important observations I’d like to share. I got thrown into a debate on Facebook of all places. I hate the “Facebook comment debate” but some of these facts I listed are worth sharing.
- Prior to 1913*, a man could walk into a tailor and purchase a nice new suit with either 1oz of gold (a 1 ounce gold coin) or a $20 dollar bank-note ($20 dollar bill). Today a man can still walk into a tailor and buy a suit with the 1 oz gold coin, but what about the $20 bill?
- In and around the 1970’s one could purchase a single family home for ~1,000 oz of gold (roughly $35/oz). Today you can still buy a home with 1,000 oz of gold but what about the $35,000 dollars?
Government destroys markets, money, and value. It monopolizes money to fund itself. This must end for our future to be lucrative. What has government done to our money? It has destroyed it. Just let that settle in. Bring it up in class or around the dinner table. Explain it to friends and family, with love, from me.
* 1913 is the year the Federal Reserve was created through the Federal Reserve Act.
