Your view of history is wrong in every particular you have listed.
Our standard of living is much higher today than in 1800, 1900 and 1974. Our houses are bigger, cars more efficient, our electronics is highly advanced and much cheaper, our world is highly computerized, food is cheap. The economy is so productive that the government is able to drain trillions of dollars out of it every year.
After Reagan became president the price of gold collapsed then barely moved for a couple of decades. It was a horrible investment. It is insane to believe the Fed profited from the price of gold increasing the last decade since it never sold its reserves. That is not where its profits come from.
Um, I was here in 1974, and we had it a lot better in '74 than now due to inflation. My dad is on the verge of losing his house. Social Security is getting ready to dry up. My dad can't afford anything but the free channels they let you have once in a while.
The economy is so productive that the government is able to drain trillions of dollars out of it every year.
They're not "draining trillions" every year, they're putting it on our debt. The money is coming from nowhere but the presses!
After Reagan became president the price of gold collapsed then barely moved for a couple of decades. It was a horrible investment.
Gold should not be an investment! Gold should be a stabilizer! It's purpose should be to keep an economy honest. The price of gold should not swing wildly like it has been doing since the 70s. The wild swing of the gold price is due to the failures of the Federal Reserve system. People should be investing their money in companies, not gold. Gold should be in the vaults doing it's job. Instead we replace gold with cotton and take away the foundation that keeps an economy from gyrating wildly.
It is insane to believe the Fed profited from the price of gold increasing the last decade since it never sold its reserves. That is not where its profits come from.
It profits from inflation. The men that own the Federal Reserve give us cotton and take the gold. Their currency is gold and oil. The Fed doesn't own the gold, the men that own the Fed own the gold. The Fed is just a cover for their operation. They put the Fed out in public to do it's dirty work and they profit behind the scenes laughing that we exchange our hard work and other treasures for their ever more worthless pieces of cotton.