“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner by the depreciation of their circulating currency, through excessive quantity…”
~ Nicolaus Copernicus – 1525
“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner by the depreciation of their circulating currency, through excessive quantity…”
~ Nicolaus Copernicus – 1525
Maybe the best advice for these times we live in, is to be “Stackin’ & Packin'”.
Looking at 2000, it is amazing the Dow was worth nearly 40 ounces of gold (as I recall, I could be wrong) now it has fallen to an almost reasonable level. If it were to go to the heights of the past decade, we’d be looking at a Dow 56,000. Here I was anticipating a Dow 6000 so I could buy right around 2015. What the fuck did I know they’d artificially pump it up?
“Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
Carroll Quigley, Tragedy and Hope