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Keeping it Real
(Total Views: 133)
Posted On: 03/12/2017 8:32:12 PM
Post# of 51864
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Posted By: cashclan
Re: leo55 #19754
Yes


We became the Roman Catholic Churches surrogate in 1914 with income taxes and the US purse was opened.

Before that we were a sleeping giant with few interests other than the advancement of the United States.

The incomes tax created "No Risk" money. Before that it was a pretty small circle of wealth and control in the US.

The 1873 recession... Depression for some brought on the gold act. Many wealthy family last their asses during this time leading up to WWI. Including mine. In part because of the industrializing of the United States. If you had money during this time. If you guess wrong based on following the railroad you could loose everything. You only had to be off by a few miles.

Best guess we are heading for another mass reset and reversal only this time technology will be the driving force.

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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...



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