When we look back prior to 1972 a dollar then only goes as far as $.20 today. And, Lotto Master Formula Review with little reason to believe that the dollar will maintain even this paltry value, the average American family is left with no meaningful way to save for their children's education or their own retirement. Millions of Americans today are faced with financial insecurity and little hope that their economic fortunes will turn around.
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Having a gold standard is necessary for maintaining the buying power of the dollar. From 1948 to 1967 inflation was less than 2%. Interest rates were low averaging less than 4% which provided a reasonable cost to borrowers and a fair return to savers. Today, inflation rates keep rising every year. It is also interesting to note that had the dollar kept it's value to 1/35th of an ounce of gold a barrel of oil would sell for less than $2.50. The whole notion of the energy crisis and the more intrusive government regulation dictating usage are based on the illusion that the price of oil has gone up more than 30 times when in fact it is the dollar whose value has fallen relative to gold, oil, and all other goods and services over the past 47 years.
The United States has suffered a most debilitating economic and financial crisis since 1972. The deviation from a sound dollar today can and must be corrected if we are ever to regain the economic growth and prosperity similar to what this nation experience for the 30 years prior to 1972. Many of the baby boomer generation have recollections of how their parents handled financial affairs. Disposable incomes were plentiful and that dollar went so much farther than it does today all because the dollar was backed up by gold.