Sunday, December 24, 2017
The U.S. dollar is worth about 18 cents based on 1930 value. That means it takes about $1300 to buy one ounce of gold. The U.S. Dollar is a government creation...and...anyone who relied on that dollar to keep its value was foolhardy and suffered grievous loss. As OBAMA...ever the dung-throwing monkey...admitted, "Inflation is legalized theft...and...I enjoyed the horror I inflicted."
Might BITCOIN and the other crypto-currencies be another form of gambling and risk-taking* so "iffy" "Tulip-crazy"...that people would rather take that leap than rest on their pile of U.S. dollars?
*In 1637...a Tulip bulb sold for $1.0 million. Of course...that market evaporated when it was discovered there were tulips everywhere.

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