D
Deleted29658
Guest
I wasn't certain where to post this and I can't get any clear answers from anyone I know so hopefully someone here as an idea.
The U.S. was taken off the gold standard in 1971 debasing the currency to be inflated. With all of this funny money it is easy to get loans and to invest because the fed can just print more money since it is not backed by anything. They can be over leveraged and leave it to the citizens in taxes to pay the bill back.
Before we were removed from the gold standard, how did we handle loans and investing? Did you mainly save because your money was a hard backed currency and picked your investments very wisely and slowly? Did you loan out money only when you absolutely had some great investment at your doorstep?
If we go back to hard backed money that is tethered to something and can't be printed infinitely, how would you loan and invest to grow your money?
Is your only option to find amazing businesses and products and invest them early?
The U.S. was taken off the gold standard in 1971 debasing the currency to be inflated. With all of this funny money it is easy to get loans and to invest because the fed can just print more money since it is not backed by anything. They can be over leveraged and leave it to the citizens in taxes to pay the bill back.
Before we were removed from the gold standard, how did we handle loans and investing? Did you mainly save because your money was a hard backed currency and picked your investments very wisely and slowly? Did you loan out money only when you absolutely had some great investment at your doorstep?
If we go back to hard backed money that is tethered to something and can't be printed infinitely, how would you loan and invest to grow your money?
Is your only option to find amazing businesses and products and invest them early?
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