I wasn't certain where to post this and I can't get any clear answers from anyone I know so hopefully someone here as an idea.
The U.S. was taken off the gold standard in 1971 debasing the currency to be inflated. With all of this funny money it is easy to get loans and to invest because the fed can just print more money since it is not backed by anything. They can be over leveraged and leave it to the citizens in taxes to pay the bill back.
Before we were removed from the gold standard...
Investing on a gold standard VS investing with a debased currency
The U.S. was taken off the gold standard in 1971 debasing the currency to be inflated. With all of this funny money it is easy to get loans and to invest because the fed can just print more money since it is not backed by anything. They can be over leveraged and leave it to the citizens in taxes to pay the bill back.
Before we were removed from the gold standard...
Investing on a gold standard VS investing with a debased currency
from Investing on a gold standard VS investing with a debased currency
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