53 Years Ago We Had Price Controls

Ironically (or NOT) 53 years ago (08/15/71) Nixon took us off the gold standard…saying it would be temporary and would “stabilize” the dollar.

And what soon followed was Price Controls.

 

Cue Up:  Kamalama Dingdongs first economic plan is to use “Price Controls” to combat inflation.

 

LMAO!

 

It makes you wonder if anyone in her team of communist idealogues thought about asking the question, “Has this ever worked before?”

 

The answer is a big fat NO!

 

Why?

Price controls lead to shortages.

It’s simple economics…and they KNOW that.

 

Ironically (or NOT) our featured article in last month’s newsletter was titled:

Price Controls and Food Shortages

 

…And How You Should Be Preparing for Them

 

(You can read it HERE).

 

They are a recipe for disaster.

But…and this is a Very VERY Big Butt…

 

The term “price controls” sounds great to the sheeple demographic.

 

The truth???

It’s not about prices.

 

It’s about control.

 

And the most recent price control experiment that comes to mind is Venezuela.

 

Why Price Controls Don’t Work

 

Other examples of price controls include:

 

• Ask the Soviets how price controls work out
• Price controls lead to empty shelves
• It’s govt greed that is destroying everything
• Because the argument (about greedy corporate price gouging) is the quickest way to tell that someone has absolutely no understanding of economics
• It’s just to get votes from gullible stupid people.
• Nothing says Socialism * like a policy platform chocked full of government price controls

 

(* Please Note: Voting for Socialism/Communism is not the solution to your precious feelings)

 

At the rate this is going you should expect to see Lefty feminist loving Che Guevara * signs and T-shirts.

It’s almost like being back in the 70s again.

Where we spent waaaaayyy too much time in Vietnam, unhinged from gold, trying to stop inflation with price controls because the dollar was losing value.

 

*90% of people wearing Che Guevara T-shirts would have been executed by him.

 

 

 

And speaking of Nixon’s taking us off the Gold Standard – to help stabilize the dollar – since 1971 the dollar has lost 98.5% of its gold value.

 

So, when we hear people say how much their home is worth today, we feel compelled to remind them that their home priced in today’s dollars is an illusion.

 

Why?

 

Because their dollars are worth less.

 

That’s a tough one to swallow for most people.

And if you don’t believe it just wait for price controls to kick in.

This could be the catalyst for a big shock in the stock markets as early as September.

So, read our August “…In Plain English” newsletter (HERE) to learn how to prepare for it.

 

Share this with a friend…especially if they remember Nixon imposing price controls and taking us off the Gold Standard.  They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance

But we use finance to give you hope.

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