1938 all over again?............from Rico

Is it 1938 all over again?
- We should be so lucky.

The minimum wage in 1938 was $0.25, now it is $7.25...a 29-fold increase.
Gold was $35 per oz. in 1938, as I write this it's over $1,800 per oz., let's see x29 = $1,015.

The first graph attached is the longest view of Gold I have yet seen. It illustrates currency debasement perfectly.
[For Keynesians: Why is it called 'debasement'? Because when it happens, 'de value of 'de dollar goes to 'de basement.]

The second graph is this concept flipped on it's head.
When you look at it, consider that Gold may very well surpass $2,000 per oz.
Upon the founding of the US, $100 would buy 5.16 oz of Gold. Now it buys 0.05405 oz. of Gold.
- This is very GOOD for Gold owners.
- This is extremely CRUMMY for Dollar owners.

It's already 'worse' than 1938, and it's going to deteriorate from here.