Interest rate manipulation by central banks helps the rich. the banks. the government. and the politicians. Paper money permits the regressive inflation tax to be passed off on the poor and the middle class. Speculative financial bubbles are characteristic of paper money. not gold. Paper money encourages economic and political chaos. which subsequently causes a search for scapegoats rather than blaming the central bank. Dangerous protectionist measures frequently are implemented to compensate for the dislocations caused by paper money. Paper money. inflation. and the conditions they create contribute to the problems of illegal immigration. The value of gold is remarkably stable. The dollar price of gold reflects dollar depreciation.
Keywords matched
illegal immigration