The Rotten Fiat Money System is Ripping Off the Public.
In this report I cover the early market action from London on Friday, August 3rd, 2018. I look briefly at the precious metals, the stock market, the dollar, oil and crypto currencies.
I also talk about an article by Charles Hugh Smith about the Misery Index, https://www.silverdoctors.com/headlines/world-news/21st-century-misery-index-labors-share-of-the-economy-and-real-world-inflation/
Mr Smith points out, with non governmental statistics, how the general public has been ripped off via via fiat money inflation since the 1970s. I note that this growth in inequality has accelerated since the early 1970s when President Nixon too the dollar off the gold standard.
I point out that Mr Smith's article is puts the current economic malaise in the Western world into numbers and pictures. I conclude that a return to a sound money system where money serves as a utility to the public is the only way to rectify the "21st Century Misery Index" Mr Smith writes about.
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Deep and very logical review in overcoming the economic downturn in the western hemisphere. Your abilities are undoubtedly related to capital market movements.
Thank you, sir, for sharing a lot of knowledge for us.🙏
You are welcome @roman-sabil
Good morning maneco64, yes the great fiat wealth rip off! us older generation remember the many ways, they have used to achieve there goals of stealing from the working class man in the street, some of us will remember the great decimalisation con where the buying power of the pound sterling was reduced by 92% from 1971= £1.00 to 2015 =£0.0780 and just having watched a video from mark carney about the future of money done in april this year it looks like things will only likely get worse! with that have a great weekend my friend and thank you for the update as always :)
Thanks Andrew and have a great weekend too. Regards Mario.
awesome concept sir.. i like this..thanks for share your inportant concept..
@maneco64 this current system we live within is designed to rip off the wealth of the people and funnel it back into the hands of the wealthiest companies then back into the hands of the wealthiest people who own the system. All we can do is prepare watch, learn and prepare some more and maybe all our work will pay off im our lifetimes "Someone is sitting in the shade today because someone planted a tree a long time ago".