It has everything to do with the Federal Reserve creating digital "money" and pouring it into the economy. Inflation is an increase in the money supply and rising prices are the result. Gold and silver are money. When you compare the prices of things years ago vs today you will notice that almost nothing has gone up in relation to gold. When you bought that T model for $500 gold was $20 per ounce. That is 25 ounces of gold. With gold at $1,400 per ounce that model T would be $35,000 in today's dollar. To keep it tractor related, the same principle applies. If gold were still $20 per ounce, that shiny new tractor would be $1,000. Matter of fact, with modern manufacturing, it would be a lit cheaper. That is why the T model got cheaper every year. Debtors love inflation. The fact that the US of A is the largest debtor in the world guarantees that they will encourage more inflation. Why, with bonds at 2% and inflation at 3%, the Feds make money.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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