There are certain facts that are difficult to face in the world. One is that the currency you have spent you life working for isn’t worth what you thought it was. In reality, it may not even be worth the paper that it’s printed on. The United States paper currency has been very slowly devalued for over a century now. This was accelerated into high gear on August 15, 1971 when Nixon took the United States off the gold standard. By removing the gold backing (value) from the United States currency, it opened the door to the unfettered money printing that we have today. Many analyst over the years have seen the potential of a currency crisis and put their reputation on the line by bringing this information to the public. I will not attempt to parrot their thorough, highly-researched findings and predictions here.
Thursday, April 03, 2014
Dollar devaluation: hard evidence at your local grocery store
Dollar devaluation: hard evidence at your local grocery store
There are certain facts that are difficult to face in the world. One is that the currency you have spent you life working for isn’t worth what you thought it was. In reality, it may not even be worth the paper that it’s printed on. The United States paper currency has been very slowly devalued for over a century now. This was accelerated into high gear on August 15, 1971 when Nixon took the United States off the gold standard. By removing the gold backing (value) from the United States currency, it opened the door to the unfettered money printing that we have today. Many analyst over the years have seen the potential of a currency crisis and put their reputation on the line by bringing this information to the public. I will not attempt to parrot their thorough, highly-researched findings and predictions here.
There are certain facts that are difficult to face in the world. One is that the currency you have spent you life working for isn’t worth what you thought it was. In reality, it may not even be worth the paper that it’s printed on. The United States paper currency has been very slowly devalued for over a century now. This was accelerated into high gear on August 15, 1971 when Nixon took the United States off the gold standard. By removing the gold backing (value) from the United States currency, it opened the door to the unfettered money printing that we have today. Many analyst over the years have seen the potential of a currency crisis and put their reputation on the line by bringing this information to the public. I will not attempt to parrot their thorough, highly-researched findings and predictions here.
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