Ah, the falling dollar, there really is nothing like Fiat Money to devalue a monetary system of a nation, is there? Every single Federal Reserve Note must be borrowed into existence, whether that “dollar” is digital or physical, it must be borrowed in order to be put into circulation. Since ever single “dollar” is a legal notification of a debt obligation that basically makes it little more than an IOU. There is one major problem with a monetary system that totally relies upon debt as its foundation, eventually due to the over-zealous use the Federal Reserve’s “printing press” and expansion of the money supply, the money will eventually enter into negative value and hyper-inflation will destroy all economic viability and thus prosperity, our prosperity.
Evey Fiat Monetary System has an inherent maximum possible life-span, a termination point that is reached when the system reaches the boundries of mathematical law. The debt becomes so massive and irreversible that it consumes all economic growth and eats away at all economic activity until the system collapses. Every Fiat System in history has met the same fate, ours will be no different.
Consider a few things: today it takes over $22,000.00 to purchase what $1,000.00 purchased prior to the 1913 Federal Reserve Act. Now, what has happened to all that real wealth? It has been systematically drained away from the People who labor long and hard to realize a living through the hidden tax called inflation.
Consider this: a person making $32,000 per year today has the equivalent purchasing power of $5,907.40 1970 dollars. So, the same person making $15.38 per hour today is equal to making $2.84 per hour in real purchasing power in 1970 dollars. It is not the price of goods and services that have risen so much, but the purchasing power of our dollar that has been so drastically reduced. Our standard of living has been effectively reduced through fiat money inflation.
Is there any wonder that poverty is becoming rampant? The government has no other choice but enforce minimum wages in order to keep the working poor at some level of subsistence. At the current $5.85 per hour a person has the same 1970 purchasing power of $1.08 per hour, at 40 hours per week that person is effectively making $43.20 per week to make ends meet.
What are we waiting on, to become serfs of the State? The system that has been created by the Federal Reserve is little more than a Fuedal System of Peonage where the men and women of this country labor to pay continual rents to the “lords of the manor”, with the money near negative value and the actual wealth being siphoned off to the Central Bank, the government and those fortunate few who are first in line at the FED’s feeding trough. It has, in essence, become a vast system for the redistribution of wealth from those who produce to those who watch the rest of us produce.
ARE YOU PISSED YET? No, well give it another couple of years and when hyper-inflation makes it impossible for you or I to buy a loaf of bread without spending a fortune, then you will be pissed, then you will rise up in rebellion and look for enough rope to hang those criminals who have done this to our country and this People!
