Political Memes and Funny Pictures
Social Media Posts of the Day
New Meme Gallery Added
Introverts and Anti-People Meme Gallery 2
Quote of the Day
Message of the Day
Other Links That May Interest You
Dogs Meme Gallery 3
Doctors, Nurses, Health Care, and Medical Meme Gallery
Daily Meme Posts
All Meme Galleries
2 thoughts on “03-16 Politically Incorrect Daily”
Don’t be a lawyer.
When the currency is devalued every body loses.
Think of it this way, you lend somebody 10 loaves of bread. Each loaf weighs 1 pound and one year later they come to pay it back.
they bring you 10 loaves of bread that weigh half a pound each.
You failed to put in the contract a standard, and used the term “a loaf of bread”.
That’s 50% inflation.
Now, let’s say you found $2000 hidden in an old book from 1900.
You learn in an article that you should invest in gold and silver so you take that $2000 and buy 1 ounce of gold at today’s prices. I know it’s not exactly $2000 but humor me.
When you get home, you do a little research and realize in 1900 you could’ve bought 100 ounces of gold with that $2000.
You do the math of what kind of inflation or devaluation of our currency we have experienced since the Federal Reserve came about.
Suffice it to say, what was a small fortune in 1900 and would buy a really nice house, today will buy a run-of-the-mill lawnmower
The dollar was once tied to a specific weight and purity of gold or silver.
You could translate dollars into metal and metal into dollars, and always have the same quantity of either one.
we were taken off the silver standard and gold standard. Well, you know the rest, and history is replete with what happens to a People who either allow, or cannot stop their currency from being devalued.
A word to the wise is sufficient.