This video is a great explanation of why oil prices have been rising since the 1970’s. 1971 was when U.S president Nixon took the United States off from the “Gold Standard” which was when the U.S dollar was pegged to gold, and since then the U.S Federal Reserve has been printing U.S dollars like it was going out of style putting America into staggering debt.
Once in a while, these mainstream financial news web sites will give you a story that points at the real health of the U.S economy. Generally, 90% of the financial news is crap, meant to lie to you and tell you how great things are and why you should put more money in stocks, meanwhile the economy is in bad shape and the markets can crash at any time.
If you are a multi-millionaire today you are doing fairly well, but if you are the normal Joe and Jane on the street the current economic policy and job situation in America is not great. To release a movie like “The Great Gatsby” this summer would be to again dangle a carrot in front of the poor to the middle class citizens of America. It is going to end in disaster like it did the last time around.
The BitCoin currency network will create 21 million maximum coins and no more, unlike the U.S Government that is completely bankrupt and 16 Trillion dollars in debt that uses their Central Banks like the U.S Fed to keep printing digital U.S Dollars out of thin-air.
All currencies are digital now anyways. The U.S dollar is nothing more than bits of ones and zeros in a banks computers. When the U.S Federal Exchange prints money they just hit a button on a computer. The same goes for all other modern countries.
The only difference is that BitCoins are not centrally controlled by any one Government.
Everyone, involved in the BitCoin network maintains the integrity of BitCoins.
Most American’s think that the country they live in has little income inequality, but they are dead wrong. They have been programmed by the propaganda American mainstream television that brainwash American’s to think that America is the land of the free and the American dream is still possible.
America is in deep financial trouble and there is no way out. Unfortunately, American’s are not educated enough in finance and the economy. The majority of American’s just want to have fun and let the politicians and bankers worry about the country.
The truth is the politicians and bankers are destroying America, with perpetual war spending and bank bail-outs, bankrupting the country and further taxing the citizens. Wake up!
