Twas the Night Before Inauguration!
1 hour ago
In 1930, one ounce of Gold was worth $20.67 in redeemable dollars.Today, as I write this, one ounce of Gold is worth $1,240.40 in non-redeemable dollars.In 86 years, this is a "change" by a factor of sixty times.So, while one ounce of Gold remains one ounce of Gold, is Gold worth MORE or the Dollar worth LESS?I wonder if Larry Summers or Paul Krugman could answer that question?- Bwa-hahahahahaha. I'm kidding. They're both completely clueless.
From Theo Spark at 12:14