The Truth about Markets, New Zealand Edition. 9/9/2009 Part 1/4
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This video is a response to The Truth about Markets, New Zealand Edition. 9/9/2009 Part 4/4
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10:04
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Marc Faber on GoldSeekRadio Sept 9, 2009 - part 1/3by me98321263 views
Inflation is also a tax, for those that don't know. I'm guessing watching this video you DO know. But just on the 'off chance'.
It's a tax - your purchasing power goes down, your wages stay the same. Bitch isn't it...... I like the point raised on the program about the Federal reserve and central bank.
If a private entity controls anything, how can you expect it to DO anything without protecting itself from EVERYTHING? Enter private banks. Booo I say, boo.
joneselius 2 years ago
Well, this hardly comes a surprise - has no one seen all the "we buy your gold for worthless paper" ads on television?
One has a particularly cringe worthy man wearing a monocle who is jumping around and going "nyuuurrr". Yes, this is British advertising now. And the other. I wont go there.
What I'm trying to say is, if you sell gold for paper you're an idiot, right out, idiot. No offense. Everyone knows legal tender is not funny anymore. It always goes DOWN in value, inflation. Tax.
joneselius 2 years ago