15th April 2019
This entry was posted on Monday, April 15th, 2019 at 08:00 and is filed under Think about it.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
The meme is really comparing a $20 gold piece to a $20 bill.
Bankers are not to blame, the government is. They borrow a billion, inflate the currency, then pay back with the less valuable currency.
The rich don’t own money, they own assets. Inflation doesn’t mean much to them, except with respect to capital gains.
April 15th, 2019 at 13:54
The meme is really comparing a $20 gold piece to a $20 bill.
Bankers are not to blame, the government is. They borrow a billion, inflate the currency, then pay back with the less valuable currency.
The rich don’t own money, they own assets. Inflation doesn’t mean much to them, except with respect to capital gains.