Posted on 08/01/2008 11:52:42 AM PDT by mainestategop
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” -Thomas Jefferson
Well we are now living in a time when we are being told that there is a shortage of oil and food. The demand for food and gasoline is up but the supply has not gone up and that means higher prices. It now costs 5$ for a bag of rice, 4$ for a gallon of gasoline and it's going to get worse! The cost of living is going up and it's because of taxes, oil cost and those Democrats! Well I want to say that the above is true except there's just one thing that you should know... The cost of living has not gone up at all. That's right! Four gallons of gasoline costs a dollar, a bag of rice costs less than a dollar, just like it did fifty years ago. "HUH!? HOW'S THAT!?" You ask. Well let me ask you this, what if I told you that we are all being robbed and having our hard earned wealth taken from us by the government? You would say, "Tell me somthing I don't know!" Well that's exactly what is going on. If we have such a shortage of fuel, why are we building new gas stations? Wheat production is at around 40 to 80 percent higher than ever, theres enough for food and biofuel and there's new farms coming up, what gives?
The answer is simple, its not that life is more expensive, its that the value of the dollar has gone down. America is losing it's wealth, because we have switched from a gold standard to a fiat money system that is controlled by unscropulous bankers and politicians in our own government. Starting in 1912 with the founding of the Federal Reserve by Woodrow Wilson (D) followed by the closing of our mints by Franklin D. Roosevelt, (D) our government with the help of evil bankers has been misallocating and contracting the nation's money supply. It has lead to massive inflation, economic recesions and depresions and has worsened them. The value of our dollars go up while gold becomes more valuable. The private cartel of evil bankers are hoarding their money through Silver, gold and platinum which go up while our dollars go down which is useless paper.
The paper currency has gone back to the olden days when people traded with gold coins also called ounces. 1000 copper coins or ounces was generally worth one gold coin. Trade was also done with Silver coins. Overtime the people became more and more wealthy and the supply of silver and gold increased, merchants and banks began to issue paper currency which stated that so and so was free to take this much gold from my vault. These bank notes as they were called became more and more common yet the bankers began to exploit the value of these notes. The notes that were once worth 100 gold ounces became worth 50 gold ounces, then 30 gold ounces and the value goes down. congress once had the awesome power to decide the value of currency. Now it is done again by private corrupt bankers with little or no safeguard for the rest. Our money in the banks and in our wallets have become more and more useless and the power of our savings have gone down while the value of gold goes up.
Practically all governments of history, have used their exclusive power to issue money to defraud and plunder the people." Gold stands in the way of this process; it is a protector of property rights. -Friedrich von Hayek
Gold is not necessary. I have no interest in gold. We'll build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That's the bastion of money. - Adolph Hitler
Anyone buying gold as an investment is hoping that the dollar sinks in order to turn a profit. - Anonymous
Long ago the Dollar was as good as gold. Now it is worthless as the paper and low grade metals it represents.
So, I guess, in any system of fiat money, you have to base your comparison of what things cost by asking : “What percentage of my income must I spend this item?” IF that percentage goes up, then its inflation. A dollar is meaningless as a standard without something to of worth to compare it to, be it gold, Labor, wages, GDP, or donut holes.
For example, price the lumber in our national parks, price the federal buildings for sale, etc. Then convert that total massive dollar amount to a virtual number of gold oz. at current market prices.
Congress then sets the $$ per GEOs that are permitted. The Treasury is then required to limit the money supply to that amount.
I’ve always heard that gold is nearly static in it’s value.
An ounce of gold today would buy the same amount of coffee, wheat, salt, pepper, and gun powder as when it was $20 an ounce. Hmmm at nearly $1000 an ounce, maybe thats not true anymore......
Good article. Central banking and fiat currency allow astronomical growth in government, much to the detriment of our freedom and our financial well being.
There never was enough gold to meet the needs of commerce, nor enough silver either, apparently.
More important than a gold currency (or maybe not?) is the erosion of all those rules of law that make the US a haven for freedom loving people - property rights, equal representation under the law, etc.
The beauty of the American system was that it was comprised by a *negative* system of rights, not enumerated as “you can do this, this, this and this, and this..” but rather “Congress shall make no law, etc” - it was more about telling the government what it CANNOT do. Brilliant in that regard.
No, it’s completely and utterly priceless when needed. Sometimes people ask “how much should I buy”; the common sense approach would be enough to get the hell out of the country if necessary! I used to have a coin-collection when I was a kid so I read about that kind of thing early on.
Not often needed, but it has worked in the past. Fighter pilots used to get issued a survival kit that sometimes included coins for use if shot down, etc. When I was growing up US $ were about as good if even better. Certain south-east asian countries would want to refuse my currency because one corner was folded or a wrinkle in the bill. “See here where it sez legal tender for ...” lol. But they loved dollars, and stashed them, along with francs and marks and pounds and yes, gold. Silver is a whole ‘nuther deal, which I don’t claim to understand. But gold “isn’t money”, except that bankers seem to have it all stashed deep, deep underground. Hm.
The problem with the dollar is that there are some huge obligations confronting the US and if you look at currency as a proxy for stock in America, the share price is going down, not up. However comma lots of other countries aren’t in much better condition either. Where I hold optimism is that western economies are more mature in a legal sense as well as say, manufacturing which hasn’t fared as well recently. The short answer is, if the dollar goes to hell, then the rest of the world won’t be far behind. In that sense Americans are uniquely situated overall to benefit from this, although it doesn’t look like that now.
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