(September 23, 2014 at 11:51 am)professor Wrote: Good thought Rhythm.
My 2 cents- the scam has been in operation here officially since 1913.
A hundred and one years is a long time to get acclimated to a government sponsored program.
There are more people than bankers.
The price of gold went from 20 dollars / oz to well over a grand. (Thank you FED)
Paper money monetary inflation is theft.
But it is hard to steal everything.
And here I was, thinking the inflation of gold value has something to do with the fact that the world economy has grown far faster than the rate at which new gold is being mined, and the fact that modern industry has actually found real use for gold.