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« There Is No We in US | Main | Inflation Is Your Friend »
Sunday
Apr142013

Inflation 1933

DateSunday, April 14, 2013 at 3:01AM

As I mentioned recently, yes inflation is your friend. This video from 1933 takes this to a whole new level. Basically Roosevelt forced everyone to turn in the gold they owned and gave them $20 for it. Then after everyone, under penalty of law, had turned in their gold Roosevelt revalued gold to $35-stealing 70% of the gold that had been turned in. 

If we are indeed in a depression, expect more irrationality like this.  BTW, the Roosevelt Inflation Plan failed and the depression continued until Roosevelt could engineer a war. 

Is war just around the corner? As Mark Twain noted, "History does not repeat, but it does rhyme." 

Author[Positive Dennis] | CommentPost a Comment |
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