If you were to just look at that chart you would think, “Wow, what an amazing bull market!” But, you have to remember, this is in constantly devaluing dollars. Here is how the DJIA looks since 1985 when priced in gold (a much more stable currency).
The US govt. wastes trillions of dollars abroad. I agree with Governor Huckabee about social security and our senior citizens. It is immoral that we did not give them an increased payment this year based upon lying to them and changing the basket of inflated items. If you shop at the grocery store you can see the inflation.
Some of the biggest names in history have identified central bank inflation correctly:
● “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” - John Maynard Keynes
● “Inflation is taxation without legislation.” - Milton Friedman
● “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” - Alan Greenspan
● “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic
opportunists.” - Ernest Hemingway
Note how eloquently Ernest Hemingway described our world today.
But, Lysander Spooner said it best when he said, “In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.”
And so, in this topsy-turvy world of centrally planned banking and printing of fiat currencies it is nearly impossible to gauge the real value of things.
Mid-East prophecy update
End times news from Calvary Church, Melbourne, Australia
Watch the various videos below; Severe blow to parental rights in Israel
Sins of the world
Biblical end days 26-30 Oct. 2015