benkanceled

You are about to hear something no one has explained to you. There are a lot of good videos out there about inflation and where the dollar is going due to BRICS and other trends. Thats another subject. NO one is mentioning this at all, and very few people even know this. The money we use today is not the same as the baby boomer generation. We will call their money OLD money. Old money had amazing buying power because it was backed by silver and gold, and the coins were 90% silver with the exception of pennies and nickls after 1945. This is why you hear old stories about how they could buy a loaf of bread for 15 cents. A Mc'Donalds burger for 20 cents. A gallon of gas for 30 cents. A house for $13,000. I have heard many stories from my grand father about 50 cent movie tickets, and so on. The fact is, they could buy more with old money than we can buy today with new money. What if I told you that the prices of the goods we use every day have never changed. Ever. But what did change over time is our money and what backs it. Here is the biggest secret of all. With old money, the prices have never changed. Ever. All the prices are the same as they were in the sixties. With old money. Current price for a silver dollar at the time of this video is $24.22. And as you can see the OLD MONEY quarters dimes and nickels prices are listed as well. Now you can see what I am talking about. You can still buy the exact same house for $13,500. If you take 13,500 of these silver dollars, and convert them in to federal reserve notes today, you will get $326,970. You can buy the same exact house in the picture for the same amount With OLD MONEY. You can still buy a gallon of gas for 30 cents With old money. You can buy a gallon of milk for 25 cents With OLD MONEY. Nothing has changed but the money we use. New money has been highly inflated during this era. We went from a strong, metal backed currency, to a debt/confidence backed currency. In 1971 nixon removed us from the gold standard, ending the backing of gold, the bretton woods system, and the ability to exchange dollars for even amounts of silver and gold. Interestingly, President Kennedy ordered the treasury to produce US Notes backed by silver and issued executive order 11110 in June of 1963 to implement. He was killed in November just six months later. Makes you wonder if there is any relation, as the US Notes program ended abruptly after the demise of President Kennedy. Follow me for more videos like this