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1909 Stats - Food For Thought

Posted: Fri May 28, 2010 5:44 pm
by liontracker
An Ozzie friend today sent me an email with statistics from 1909. Average US worker's yearly wage was $200 to $400 a year. 90% of all doctors had no college education, but attended medical schools. Heroin and morphine were available over the counter at drugstores, no prescription.

Progress? Think about it.

There's a lesson here about gold and silver's undervaluation. In 1909, both were universally money. $200 - $400 a year = 9.675 troy oz. to 19.39 troy ounce gold. $200 - $400 a year = 158.68 to 309.36 oz. silver per year. Right, and they could live on that. Equivalent of $25,000 - $45,000 per year, that implies a gold price of $2,325.58/oz and silver price of $145.46/oz

Think more. No FDA. No regulations or controls on drugs or food or hardly anything. Everyone was free to compete with the corporations. Doctors weren't miseducated by pharmaceutical companies.

Think.

Progress is an illusion

Re: 1909 Stats - Food For Thought

Posted: Sat May 29, 2010 2:44 am
by jkcasey
Those numbers are hard to argue with. As for the doctors these days, try to get one of them to give you a shot of peniceilen, you almost have to get pissed off before they will do it. I think they get kick backs for every perscription they fill out. Anymore it seems that less (goverment) would be more (freedom).

Re: 1909 Stats - Food For Thought

Posted: Sat May 29, 2010 11:39 am
by Brady Davis
I'm actually not sure if those #'s are meant to look good or bad. Sounds like a not-so-good time to live to me...at all.

I like my Dr. having a formal education and my family not buying heroin over the counter, etc...

Thanks God for the advancements we've had :beer

Re: 1909 Stats - Food For Thought

Posted: Sat May 29, 2010 11:39 am
by liontracker
Less Gov't has always meant more freedom.
That was the reason we started this country in the first place.
Then the lawyers took it over.

We need to make it law that laywers cannot be Legislators or Presidents.
Highest public office they should be allowed to hold is a Judge.
If all that excess brainpower went into possitive aspects of our economy, instead of the current negative aspects, can you imagine the "change".

That's the kind of "Change" we need!

What I was pointing out is Gold's potential upside versus the Stockmarket.
No wonder the big boys are buying gold and selling stocks.