Inflation in the economy changes your money’s purchasing power from strong to weak.
From solid ground to quicksand.
Imagine building a society on ground that slowly turns to quicksand.
U.S. monetary history:
- 1913: Creation of the Federal Reserve
- 1933: Abandonment of the Gold Standard for U.S. Dollars
- 1971: President Nixon ended the convertibility of dollars to gold for foreign governments
Stats: ChatGPT