“Every time hyperinflation rips through an economy, the middle class gets completely wiped out. It is very alarming to watch the purchasing power of an entire life savings reduced to that of a few pennies. Those savings represent years of real labor, real time, effort and sacrifice exchanged for corruptible pieces of paper that politicians and bankers can destroy at whim.”
– Congressman Ron Paul
Ron Paul is exactly right.
ReplyDeleteYou can see the birth of voodoo economics in this chart.
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