View Single Post
Old 05-16-2013, 04:32 PM   #6
Arkie
Ring of Famer
 
Arkie's Avatar
 
The f--- y'all motherf-ckas want?

Join Date: Oct 2003
Posts: 10,637
Default

It's the cult of fiat money. A simple savings account could maintain purchasing power before 1971. The wealth gap grew wider after hedging became essential to financial planning. The financial sector's share of GDP exploded in the post-1971 world. The poor have less access to these services or less expertise in general. They fall further behind as the rich get richer.
Arkie is offline   Reply With Quote