GOLD v.s. DOLLAR The FEDERAL RESERVE IS DESTROYING THE ECONONOMY

Going Broke And Getting Robbed An You Don"t Even Know It.

Category:

News & Politics

Tags:

• Banking
• Federal Reserve System
• United States Dollar
• Economy
• Crisis
• Gold
• Freedom
• Collapse
• America
• Schiff
• Government
• Financial
• Market
• Money

[lovejuicebox]

Thank you.

[walkinc1]

No thank you for viewing my material.

[walkinc1]

Always remember the golden rule who ever own the gold rule.

[theploopys]

copy cat!!!!!

[walkinc1]

Why don't you scribe to my channel!!!

[belmontartwork]

It has been estimated that all the gold mined by the end of 2009 totaled 165,000 tonnes. At a price of US$1000/oz., exceeded in 2008 and 2009, one tonne of gold has a value of approximately US$32.15 million. The total value of all gold ever mined would exceed US$5 trillion at that valuation...for the entire world. In 2010 just the economic output of 138 markets expanded by $4.6 trillion during 2010. That means....?

[milodubsteppa]

thanks for the info

[jason23296]

yeah but that was when the western frontier was open and land was free for those who claimed the land. there were no property or income taxes and no sales tax and food was mostly farmed or hunted and drinking water came from underground springs. There may not be as much economic property like in the 60's compared to now but you can talk to and old man still alive today that lived in the 40's and he'll tell you people have more today than anyone

[jason23296]

yeah but that was probably in the western frontier when the land itself was free if you claimed it and then you would only have to pay for the contruction cost . and then there were no property taxes or federal income tax and then there were no federal or sales tax on purchases and/or services and then you have to take in account how much foood they get from hunting because most of the food was either hunted or grown on there own land for free. and drinking water was free withundergroundspring

[cartoonglutton]

In 1860 America, a male unskilled laborer made on average $1 a day. In 1894, a new, freshly built home sold for $50 in the city I live in. This means that depending on whether 5 or 6 days a week were worked, an unskilled laborer making 1860 wages in 1894 could've bought a brand new home for less than between 1/5 and 1/6 of his annual income! Try doing that today on unskilled laborer wages! These are facts that I researched myself at a local library.

[jason23296]

well i dunno you compare what a dollar could buy you 100 years ago compared to what it can today but it seems you've not considered the fact that wages were much lower 100 years ago. Obvously if you ad a zero 10 the 1 dollar bill and another zero to the 10dollars bill and then another zero to the 100dollars bill it won't mean that you have more money it just mean that producers will increase the cost of theregoods.Obvously if we were using dirt for money I'd stillbebroke becauseeveryones got it!

[carpetbutter92]

do you think 10k gold is worth buying lots of?