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Hello,

I am sorry to say, that society is falling apart. You may already know that and feel that now. I say society is falling apart due to purely economic reasons, because it is true. As you know, I am also becoming an economist. Simply put if the people have less economic means, then society will not be able to function normally, as it should. The private economies are doing well, but the overall society is not.

Let me give you some background. In 1971, America went off the gold standard. The Bretton Woods Agreement terms changed. In that US dollars would no longer be backed by gold or silver, for that matter. From that point, America and other nations, could “print” money at will. A reason why we had such high inflation, or “stagflation” in the 1970s. Again we are having high inflation now.