Introduction to the true value of the US dollar

in #what5 years ago

It is important that people read and understand this post.
I am going to keep this simple and in the future I will go into detail.
Throughout history it has been a gold to silver ratio. 16 ounces of silver equals 1 ounce of gold. Gold used to back the dollar. In those days you could take 1 dollar to the bank and they would give you 1 ounce of silver. This is how we can see the inflation rate.
So let's look at this. Today silver is 20 dollars an ounce and gold is 2000(not actual just an estimate). That is not the 16/1 ratio. They manipulate the price of silver so that younger generations that will never understand what I am taking about won't even question this. So with the 16/1 ratio with gold at 2000 silver is really 125 dollars an ounce. Now our great grand parents were pulling 3 dollars an hour minimum wage and able to support a wife, kids have a car and a home off of one income. Well if you take that same 3 dollars an hour and fast forward to today that be 375 dollars an hour. Which makes the 10 an hour minimum wage more like .001 dollars an hour compared to what our great grand parents were earning. Now this is just a quick demonstration and I will need more time to show you were I am going with this. So for now consider that and I we can get to it more tomorrow. Thank you for your time. Please leave a comment or some type of feed back.

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My phone is dying and I don't have time to correct the spelling, need to post now.