DOLLAR VALUE DROPPING
Uploaded by: therealweeklynews
Video Description:
http://digg.com/business_finance/DOLLAR_VALUE_DROPPING
This video is to elaborate on my last video about the dollar and its value. If you have not seen the original video, here is a link:
http://www.youtube.com/watch?v=z6NfXk7Bvc8
If you are looking for the historical gold charts you can find them here:
http://www.kitco.com/
http://www.kitco.com/charts/
Tags for this video: as depression Dollar dropping economy gold inflation is market oil recession rising silver stock value wheat
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So what makes everyone think that it'd do the same this time?
The answer is that they DIDN'T. You had instigated panics, hoarding, cornering and instigated runs with volatility and depressions every 15 years. Which absolutely SCREWED the poor and the middle class. Before the Federal Reserve - they COULDNT stop the volatility.
Inflation DOES screw savings. But the problem is - you still HAVE TO CONVERT THE GOLD TO DOLLARS TO BE ABLE TO PURCHASE ANYTHING, as the author admits at the end of this video ...
Just learn ALL of the facts of history. Not just the ones that support a belief you wish to have.
I think we all have a tendency to make a snap judgement. Heck the video I'm uploading right now that talks about paradigm shifts in viewpoint. But I hear a lot of "Anti-Fed" talk from around YouTube & it gets aggrivating to say the least, as those same people have NO concept of what went on before the Fed. Cornering, hoarding, panics, depressions ...