The Beginning Of The End
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Inflation Is A Hidden Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us

Ronald Reagan once famously declared that inflation is a tax, but sadly most Americans did not really grasp what he was talking about.  If the American people truly understood what inflation was doing to them, they would be screaming bloody murder about monetary policy.  Inflation is an especially insidious tax because it is not just a tax on your income for one year.  It is a continual tax on every single dollar that you own.  As your money sits in the bank, it is constantly losing value.  Over time, the effects of inflation can be absolutely devastating.  For example, if you put 100 dollars in the bank in 1970, those same dollars today would only have about 17 percent of the purchasing power that they did back then.  In essence, you were hit by an 83 percent "inflation tax" and all you did was leave your money in the bank.  So who is responsible for this?  Well, the Federal Reserve controls monetary policy in the United States, and the inflationary monetary policy that the Fed has gotten all of us accustomed to is taxing the living daylights out of us.  This is madness, and it needs to stop.

In previous articles I have discussed how the Federal Reserve creates money.  If you have not read those articles yet, you can find a few of them here, here and here.

The Federal Reserve system is designed to have the U.S. money supply expand indefinitely.

And that is exactly what has happened since 1913.

But when the money supply expands, there are very serious consequences.

Every time more money comes into existence, the dollars that you and I are already holding become less valuable because now there are more dollars chasing the same amount of goods and services.

Right now, the U.S. government says that the annual rate of inflation is somewhere around 2 percent.  Those of you that have to buy food and gas on a regular basis realize how much of a joke that is.

Thankfully, there are others out there that keep track of these statistics as well.  According to John Williams of shadowstats.com, if inflation was measured the same way that it was back in 1980, the annual rate of inflation would be more than 10 percent right now.

But let's use the doctored government numbers for a moment.  Using the doctored numbers, what inflation has done to all of us is still absolutely horrific.  Just check out the chart below.  This is what the Federal Reserve was designed to do.  It was designed to constantly expand the money supply and create inflation that never ends....

Most of us have been living in an inflationary environment for so long that we have come to accept it as normal.

Most Americans believe that prices are supposed to just keep going up as time goes by.

Unfortunately, we have now entered an era when prices are going up much faster than wages are.  Family budgets are being squeezed tighter and tighter as the inflation tax keeps taking a bigger and bigger toll on all of our paychecks.

I remember the days when I could go into the grocery store and get a large bag of brand name potato chips for 99 cents.

I remember the days when I could get all the groceries that I needed for an entire week for 20 bucks.

Unfortunately, those days are long gone.

Have you been to the grocery store lately?

When I go to the grocery store these days I almost get the feeling that someone is going to ask me to fill out a credit application.

When I get to the checkout counter I almost get the feeling that the cashier is going to ask me if I want to pay with an arm or a leg.

But food is not the only thing going up.  Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.  There are millions of American families that are keeping the heat really, really low this winter in an attempt to make ends meet.

Health care is another thing that has become ridiculously expensive.  During the Obama administration, worker health insurance costs have risen by 23 percent.

Has your paycheck increased by 23 percent?

Of course we all know what is happening with the price of gasoline.  The average price of a gallon of gasoline in the United States is now up to $3.72.  It has increased by more than 90 percent since Barack Obama became president.

This is why so many economists get so upset when the Federal Reserve starts printing money like there is no tomorrow.  Inflation is a tax that is very cruel to average American families.  It destroys their wealth and it destroys the purchasing power of their paychecks.

Unfortunately, this is always what happens when a society adopts fiat currency.  Our dollars are just pieces of paper backed by absolutely nothing.  When more pieces of paper are printed up, the value of the pieces of paper already in existence goes down.

This is one of the reasons why so many people out there are talking about "real money" like gold and silver.  Unlike fiat currency, precious metals tend to hold value over a very long period of time.

For example, it will take you about three times as much U.S. currency to buy a gallon of gasoline in 2012 as it did back in 1990.

But an ounce of silver will actually buy you more gasoline today than it did back then.

Back in 1990, an ounce of silver would buy you about 4 gallons of gasoline.  Today it will buy you more than 8 gallons of gasoline.

Talk about holding value.

We see the same kind of thing happening with gold.

When Barack Obama first took office, an ounce of gold was selling for about $850.  Today an ounce of gold costs more than $1700 an ounce.

It is not that gold is becoming so much more valuable.  It is just that the U.S. dollar is losing value on a continual basis.

So why don't the U.S. government and the Federal Reserve quit flooding our economy with more paper money?

That is a very good question.

Sadly, our leaders seem to have a never ending addiction to more paper money and the American people are not demanding change.

On Wednesday, Federal Reserve Chairman Ben Bernanke told Congress that the Federal Reserve may have to implement even more stimulus measures in order to help the economy.

Of course such talk is utter insanity considering what Bernanke and his cohorts have already done to the monetary base over the past few years....

Thankfully, the vast majority of that money is still trapped in the financial system.  If all of that money was floating around on the street inflation would be far worse.

Those of you that think that the surging stock market is a sign of "economic recovery" should realize that the market has been pumped up by huge amounts of funny money from the Federal Reserve.  Just because the number of dollars circulating has increased does not mean that things are getting better.

There is much more to all of this of course, but what is important for the man and the woman on the street is the fact that when the Federal Reserve expands the money supply it is a tax on all of us and it makes all of us poorer.

So what do you think about the inflation tax and the reckless monetary policy of the Federal Reserve?

Please feel free to leave a comment with your thoughts below....

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  • ScoutMotto

    This is the very stuff that should be taught in the schools, but the globalists can’t have that. If the people at large understood en masse how our money worked, there would be a revolt quickly.

    • Gil

      Considering most people have large debts the last thing they want is a deflationary money system.

  • Lennie Pike

    And what really makes you sick to your stomach is that you might as well be filing a French, English, or German income tax form out and mailing them a check because the federal reserve bailed them out by printing money out of thin air to the tune of over 10 trillion dollars – they’re all members of the same criminal mafia.

    Turning over your hard earned Dollars at the point of a gun illegally since there is no law that says one has to pay income tax on his labor, is absolutely the same thing as turning them over through inflation. It’s just more devious, and causes these scum less backlash from the people – no backlash at all actually.

    • Lennie Pike

      The INFLATION TAX is more devious – I meant.

      Using inflation to tax (and also steal for the bankstes)is a stroke of criminal genius actually. Only criminals and a certain few others who are not criminals but have the gift and life experience to detect them (like myself if I don’t say so myself) think this way – they really do operate like a pack of wolves – like mobsters – the fed and the criminals behind it. There exists a mobster strategy – mobster moves – normal people never knew what hit them.

      Shouldn’t we all be sufficiently self-respecting, and loving enough of our loved ones, and fellow man, to kick them the hell out of the U.S. and back to where the hell they came from?!!!!! They are unconstitutional – we have the law and righteousness on our side.

      It will take physical force – probably of our military – who took an oath to uphold the U.S. Constitution – HA!!!!!!!!!!!

  • Rodster

    This will all be a moot point when the world economies figure out they’ve been duped and drop the dollar as the world’s reserve currency.

  • mark

    The government likes inflation. If you are deep in debt inflation makes that debt worth less. If you owe a large fixed rate mortgage on your house and wages go up along with the cost in dollars for the house, the value of the monthly payment is worth less. One problem is that wages have not gone up much if at all. We have to compete on the world market and western wages are still a lot higher than places like China. A good practice would be to stock up on the things that you use all the time. This is better than money in the bank because you get the items at todays price and you do not have to pay tax on the savings as you would on interest from the bank. Beans that I bought just last year went uo from $12.05 for a 25 pound bag to $19.45 for the same bag. Wheat last year cost me about $6.00 for 25 pounds and this year it costs me $11.45 for the same bag. Two thousand gal. of diesel fuel that I bought for my tanks on the ranch cost me less than $2.00 a gal. I put preservative in it and it will last a long time. By doing these things I have used my money wisely.

  • http://shelter101.com Dave Shelter

    Inflation was one of my big warnings due to the fact the dollars purchasing power will erode to the point that a wheel barrel of cash will be required to buy a loaf of bread. When that happens barter will regain popularity and the dollar will be toilet paper. However a major chunk of people in this country, currently 14 million, use government dollars in the form of welfare payments and food stamps to live. Those benefits are limited by their US Dollar value. What happens when the welfare check only buys you a loaf of bread? That’s when the robbing and looting begin.
    http://www.shelter101.com/gold-you-can-drink.html

    • Derald

      Dave, I think you meant 46.78 million people when you said, “However a major chunk of people in this country, currently 14 million, use government dollars in the form of welfare payments and food stamps to live.” The point you make is still valid.

  • davidmpark

    Most of our funds are invested in private infrastructure and long-term commodities. Infrastructure such as the garden, power generators, chem lab, etc. Long-term commodities are wheat, sugar, salt, copper, lead, silver, etc. They tax capital gains, income, and everything else, but they can only tax so much. When we build or buy commodities, we can only be taxed once.

    • Rowell

      I have to agree with you there. Why put money into a savings account or CD where it will continue to lose its value, when I can spend money now on the things I know I’ll need in the future, when prices are crazy expensive. Invest in the future with practical purchases.

      • deegee

        It doesn’t matter where you put your money,there will always be someone to take it away.Look what happened to gold in the 30′s !

        • saxa

          stop with the B.S. 193o,s confiscate argument. back then the government SAID the gold was to be turned over to them but no one was ever arrested for NOT doing it. why do you think there are still american gold hoards making it to our shores from europe even now? the people with any brains said no way, and got the gold out of the country or kept it hidden and kept for it rightly for themselves.

  • sam montgomery

    Well…Why do the men running for office run from the REAL numbers….I do not understand where they think we are going to end up!!!!!Not one of the candidates have one once of passion for this country.Time tp start prepping.

    • Julea Meyers

      It’s way past time to START prepping. Catch up as quickly as you can. Politicians already have theirs and don’t care what happens to us. We’ve been useful idiots for decades and they will abandon the rotting carcass that used to be the United States of America for whichever country will take them in. Never, EVER, vote for an incumbent. If there’s a new bunch coming in every 4-6 years, they don’t have time to set up the culture of corruption currently in use.

    • Joe Doaks

      Ever hear of “Ron Paul” ?

  • http://worldendsat5newsat11.blogspot.com Tony Lamb

    Back in the 60s I heard the term BURN BABY BURN but now I guess it’s PRINT BABY PRINT.
    More is better, right? Especially when it comes to money, RIGHT?
    Survive the coming Economic Apocalypse at:
    http://surviving12-21-2012.blogspot.com

  • Sonny

    Obama and his gang are out to destory the american way of life as we knew it.
    He is a cool customer and no incompentent idiot,he is doing exactly what his handlers are telling what to do. he says one thing and does the other.
    WELCOME to the NWO sheeple!
    Welcome to the slave wages!
    WAKE UP America!
    Time to kick the BUMS OUT!!!
    Time to uphold OUR constitutional RIGHTS!
    Time to RESIST the the EVIL in our society,schools government,and getright with GOD
    GOD save the USA!

    • Rowell

      Psst, Sonny. Guess what….it’s not just Obama and the democrats. It’s the republicans too. Both parties are merely puppets of their lobbyist and special interest group puppet masters.

      • http://lastdayrapture.blogspot.com/ TK

        Right on Rowell!

        Very few people realize that both parties are meant to distract the sheeple from the important issues. (sound money as an example)

        • Tim

          Both Parties together, now come on now, next thing you’ll tell me is that the Federal Reserve is a private bank in conspiracy with other private Central banks around the world and the IMF and ECB and so on. Or that one family, the Rothchilds are holding half the gold and are estimated at 300trillion in wealth. Then again what is wealth measured when you own stock in all the printing presses and central banks. You guys scare me on here, I think I’ll go back to watching American Idiot.

          We are all Goldman Sachs Slaves!

  • mondobeyondo

    And that, my friends, is the partial answer as to why we’re paying close to $4.00 a gallon for gas. The dollars in your pocket are losing purchasing value. The reason why you’re paying more for bread and bell peppers, isn’t because the bread and bell peppers have increased in value. It’s because your dollars are losing value.

    We will soon be paying more for everything else. You will soon see prices for essential items skyrocket.

    Skyrockets in flight… afternoon delight! Don’t you feel better now?*

    * Starland Vocal Band, 1976. Google or YouTube it.

    • NorCalPrepper

      “close to $4.00 a gallon for gas”? Here in the Bay Area of California, it’s already $4.35+ and going up daily.

  • Kevin Paubel

    Our founding fathers knew all of this, that is why they were so against a central bank. People have been dumbed down.
    Quoting Thomas Jefferson: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. “

    • Jennifer

      I agree with you totally Kevin and I think that the Constitution and and all the interpreting that has been done by lawyers in the recent past is destroying the true meaning that was originally intended.

      • St. Lukes School Teacher

        Jennifer sweetheart, you need to travel to Washington, D.C. to worship and praise president Obama so he can be a God in your soul. Obama will be Lord of America by October 21st of this year and that is good news gospel of Obama.

  • mondobeyondo

    How much did gasoline cost in 1960? 30 cents?

    Today, in 2012, you can still get gas for 30 cents, as long as you pay for it in 1960 silver currency.

    • Lennie Pike

      And there would still be the supply of gasoline necessary today, and all of those vehicles would have still been manufactured – no matter who tells you there would not have been enough silver and gold (money) to go around to make it happen.

    • Orange Jean

      Well, back in 1960 the minimum was was something like $1/hr. For my first part-time job at 16, six years later (1966) I got paid $1.25/hr. as a hospital worker (which, at least at the time, hospitals had a lower minimum wage than the general minimum wage – I don’t know if that is still true.

      In 1972 or thereabouts, my grocery bill for myself and my young son on $10 a week (including dish and laundry detergent, toilet paper, and other things like that I’d get normally from the grocers); and had decent, well balanced diet. I paid $85 a month for a half-way decent 2 bedroom apartment, in a safe part of town with a fenced in yard.

      So it’s partly relative; I wish when people posted stats on costs in the “old days” there was an easy way to adjust for cost of living, but I’m not familiar with what it would be.

      • sre

        To adjust for the cost of living simply compare the price then of the same items now. For example, I worked back then for $1.75 per hour. Gas was $.25 per gallon, so for my hour’s work, I cou;d buy 7 gallons of gas. Now, how long would I have to work at $1.75 per hour to buy 7 gallons of gas? $1.75 per hour would be a ridiculous wage. No one would work for it. But 28.00 per hour would buy 7 gallons of gas. Who makes that? Skilled workers now make about what I did just out of high school at my first job.

    • saxa

      in 1973 gas was 34 cents in new york, never mind the sixties…..

  • Gary2

    We need to inflate the taxes on the rich and corporations.

    Tax the greedy to feed the needy

    Tax the wealthy to keep us healthy

    • Syrin

      Hey GARY. They just released a study showing the gov’t mis allocated $400 BILLION last year. Another study sghowed the majority ofg America thinks (and knows) the rich already pay too much in taxes.

      Tax the greedy? So you and the 49% of the other greedy non-contributors are going to get taxed and actually CONTRIBUTE ?!?!?!? Sign me up. You need a 22% tax like they have in those Scandinavian countries.

      We already tax the wealthy since a mere 1% pays 42% of ALL taxes. Who’s going to make up that 42% difference when they move over seas? YOU ?!?!?! BWAHAHAHA !

      We have the narrowest tax base on the planet, and the greedy parasites such as yourself can never take enough away from someone else.

      Cute little phrases. You find those in “Mein Kampf”? Perhaps it was a creed of the Third Reich? maybe it was Mao’s statement?

      Tell us GARY, why do you like Soviet Russia and mass starvation and death so much? Why do you hate freedom and prosperity GARY?

      Idiots like you are incapable of looking at history and seeing what was successful. What made this nation great and wealthy? Capitalism. 1950′s we had full booming capitalism without 120,000 gov’t regulations and all of society and the wrold benefited. Same thing in Europe during their boom in the 1600-1700′s. Same thing in ancient Rome. See, anyone with ANY grasp of history can see it’s practically a mathematical formula and study after study shows economic freedom and individual freedom go hand in hand. That’s why idiots like you are so useful to Stalin. You put the noose around your neighbor’s neck and your own at the same time while chanting cutesy little naive phrases.

      When the SHTF, guess who will be one of the first victims GARY!

      Read, GARY ( lol, I know you won’t, you are incapable of thought and critical learning). This is for others to see the path we are on as shown by history.

      http://www.shtfplan.com/emergency-preparedness/societys-five-stages-of-economic-collapse_02282012

      • Mal R.

        “Idiots like [Gary] are incapable of looking at history and seeing what was successful”

        The only point I disagree with. People like Gary have been wholly duped, along with a heaping helping of just plain dumb, by the evil people in power that have rewritten history so that they can sell us ALL (including him) back into slavery.

        People like Gary call Republicans ‘regressives’ but I contend that they are the ULTIMATE regressives. They want to take us back to a time where the entire world was enslaved, in poverty and forced to do for others.

      • Sunshine

        “… What made this nation great and wealthy? Capitalism. 1950′s we had full booming capitalism without 120,000 gov’t regulations and all of society and the wrold benefited. …”

        One must ask; What were the tax rates on the super rich in the booming 50′s era? Compared to today?

        The Americanthinker provides some clue.

        http://www.americanthinker.com/blog/2011/06/the_real_tax_rates_on_top_earners.html

    • Lennie Pike

      Sounds like a Johnny Cochran quote.

    • John Thomas

      Nice bumper sticker slogans, as shallow as they are. In fact, we should tax the 50.5% that pay nothing, then they’ll quit whining for “Free” stuff on the backs of their neighbors.

      • Jennifer

        Bring on the drug tests for the welfare collectors, then maybe we could bring that 50.5% down some. People are out there selling crack, making a ton of money and still collecting! WTH!

    • Jamel Jarvis

      Simply increasing taxes on the wealthy wouldn’t work. Even if you could tax the wealthy, which you can’t, you still have the problem of the Federal Reserve bank and the fractional reserve banking system. The wealthy that own the banks that own the Federal Reserve create all of your money out of nothing, lend it to the government, and then we are supposed to pay it back with interest with our taxes where it goes right into the pockets of the owners. If it sounds like a huge ponzie scheme designed to rob you and your family and leave you homeless it’s because it is.

    • John Parker

      I want to suggest to all readers of this blog to please ignore Gary2. I don’t know if he actually believes the silly posts he submits; it really doesn’t matter. His juvenile rants add nothing to the discussion so the best thing is to ignore him and don’t give him an audience by responding to his sophomoric scribbling. He clearly is someone with too much time and nothing to do.

  • 007

    Bernanke bragged today that he had kept inflation at under 2% for the last 10 years. What is he talking about? Food, electricity, healthcare, taxes, clothing, automobiles, gasoline, rents, education costs are all increasing at 10%. what exactly has increased at 2%?

    I believe to qualify to run the Federal Reserve, one has to be able to lie to the American people to such an extent that it insults their intelligence and still keep a straight face.

    • Tim

      Yeah. I often wonder how that man can sleep at night.

    • mondobeyondo

      Ol’ Benny Boy is lying right through his teeth, if he claims inflation has been under 2% for the last 10 years.

      The way the consumer price index is calculated is flawed. If you go to shadowstats.com, or inflation.us, you will discover the real truth about inflation in this country.

    • Lennie Pike

      Bernanke has to lie to buy time – for what I wonder?

      • http://www.iam126.org Joseph Pijanowski

        Why? Our current monetary system is unsustainable. This system ONLY works if you create and loan ever increasing amounts of “debt money” into the economy. This is why the debt will continue to grow at an ever increasing rate……To keep it from spiraling out of control, all they can really do is slow the economy down. Hmmm….. they shoved NAFTA and all the other JOB exporting trade deals down our throats and then set out to destroy UNIONS – Does this suddenly make sense (in a perverse way) in light of our unsustainable system?
        As hard as they tried, as many people that lost their JOBS, their houses, their retirement and their families….. Do you think it worked? The national debt says no.

      • Julea Meyers

        He has to lie and try to keep the lies going until his boy, Obama, is re-elected and can really get going on screwing the country. Then, what (?) they divide up what’s left and bail for Cuba, Russia or Kuwait?

  • Georgiaboy61

    The only consolation the patriot can take is that, if current conditions continue, the corrupt national and world financial system must soon collapse under its own weight. Inflation is real, individuals are being squeezed hard, many are jobless and those that have work, aren’t getting raises. Over time, as inflation makes the USD more and more worthless, sooner or later the bottom will drop out, and the whole corrupt enterprise will be exposed. Only then will it be possible to rebuild and start anew. Sometimes, hitting bottom has to happen before the recovery can begin.

  • ken Nohe

    Inflation is the only “honest” way the Government can provide the services, that people ask for, without raising the taxes, that people oppose. It is unavoidable in a modern democratic society.

    The difference between the -0.5%/-1% that technology and improved productivity should give us and the 2% inflation that we consider “acceptable” is the “room” we give Governments to do their job.

    The problem of course is that this is not enough and they therefore also accumulate debt which eventually increases inflation until it is out of control. We are getting there.

    A deflationary society also has the huge drawback that it makes holding money more attractive than investing; not a very attractive proposition for growth to which we are addicted.

    • Gary3

      Americans have DEMANDED freebies, and been told someone else will pay for whatever they want. Any politician who dared to speak the truth has been quickly voted out of office.

      Even in America, there is no free lunch. Sorry, we’re not THAT special.

    • Lennie Pike

      Very few “Americans” are asking for the military industrial complex, the endless war on “terrorism”, bailouts of large industrial corporations, bailouts of banks and bailouts of the sovereign debt of foreign countries to the tune of trillions of dollars, support of the IMF, World Bank, U.N., foreign aid, a Congress that does not represent them, etc. – in other words Fascism.

      Might as well go ahead and admit it – Americans no longer exist, we already are citizens of the one world government – you can tell that is true by the actions of “our” government.

      There is still time to take our country (FREEDOM!) back, but once the majority cedes official and “legal” control to them – it’s all over.

      The main reason over 70 million foreigners have been allowed to immigrate here and millions to other countries that had a tradition of freedom, is because those immigrants DO NOT have that tradition. When they begin to vote (officially), it’s all over.

      I don’t look forward to getting pulled over for a traffic violation by one of them.

      • Marty

        Mr. Pike –you are TOTALLY correct.WE allow ourselves to be used. The New World Order and globalization is FAST approaching. Big business and multinational corporations are killing America. Many of them pay NO taxes. Business phylosophy is “I’ve got mine,–f__k you!”
        All of you that send in replies are intelligent people that are very aware of what is happening to our country. If we could only get people to take intrest in our government and our constitution MAYBE we could still have a chance of keeping America AMERICA.
        The federal reserve act of 1913 NEEDS to go bye-bye. The federal reserve bank NEEDS to go bye-bye.
        As much as I love our country, (retired military) capitalism and free enterprise is synonomous with GREED,CORRUPTIONand GRAFT. All you need to do is “follow the money.”

        • Lennie Pike

          I agree, except that I think free enterprise fueled with sound money is the only system that works for everyone and that is just.

          We do not have free enterprise, we have Fascism made possible by counterfeit money, for the benefit of the enslaving elite, at the expense of their now partial slaves – soon to be full time slaves – that is, the ones who will be allowed to remain alive.

          With the technology that exists nowadays, they are way over-staffed.

          • Lennie Pike

            But now I see what you’re saying – that NOW capitalism and free enterprise is synonomous with greed, corruption, and graft – can’t argue with that.

  • chiller

    The Fed has been a destroying factor on our nation. Go to
    http://mykindred.com/cloud/TX/Documents/dollar/
    and look for yourself. This 200 year history/financial lesson makes it perfectly clear how the Fed has systematically siphoned off our currency in good times and bad. It’s a matter of national security that the Fed and all of it’s associates and supporters be rounded up, sent to trial and prison/*************.

    • Lennie Pike

      I agree with that last part.

  • http://www.TotalCollapse.com TotalCollapse.com

    The New Movie from Alex Jones!!!

    Must Watch!!!

    New World Order: Blueprint of Madmen (Full Length HD)

    http://totalcollapse.com/2012/02/29/must-watch-new-world-order-blueprint-of-madmen-full-length-hd/

  • JustanOGuy

    Interestingly… Americans owe over $5 Trillion in debt to the Federal Reserve..

    It’s time to default on it…

  • William

    Inflation is not rising prices. That is the result of inflation. Inflation is too much money for the available goods and services, or some say just too much money. The PRIVATE Federal Reserve has created a HUGE amount of money out of nothing, and backed by nothing since 2000 to bail out the criminal trash of Wall St and to help European banks weather the financial storm there. The assessment that current inflation is about 10% is a little low.
    But, the federal gubmint lies about inflation to keep the COLA low for Social Security recipients. Also, a low and false inflation rate allows the gubmint to lie about GDP growth.
    Finally, by lying about inflation, there is no
    need to raise interest rates, thereby allowing the US gubmint to fund its horrible debt at LOW interest rates. So, you see, Americans, it all all a scam run by a PRIVATE bank. The US Constitution gives the US Congress the power to create money and to regulate the value of that money. The FED is UNCONSTITUTIONAL. Why has the FED existed for almost 100 years. Answer: If one criticizes the FED, they are accused of being anti-Jewish.

    • Lennie Pike

      And the people who run the fed aren’t even real Jews – most real Jews think they are, and get caught up in their wickedness exactly the same way the German People did with Hitler.

      These money changers are the ones Jesus called sons of the devil, and this is the reason that what is going to happen will not make a lot of sense to a lot of people. If these “Jews” who run the Western World, and have completely controlled all U.S. Presidents since Kennedy, (who they assassinated) are actually real Jews, why are they going to turn their backs on Israel and leave it hanging in the wind, exposed to it’s enemies. And why would they risk provoking a war with Syria = Iran = Russia when they know the consequences are going to be tragic for Israel? Why does anyone think Iran would launch a nuclear attack on Israel when it would be the same thing as suicide? Maybe they would, who knows? These people behind the fed don’t even live in Israel or the U.S., have NONE of the beliefs or values found in the Old Testament, (the exact opposite actually) and couldn’t care less about Israel.

      • Lennie Pike

        Maybe these “sons of the devil” hate God’s Chosen People more than any of us can imagine.

      • 1stVArifleman

        I’m assuming you are refering to the Ashkenazic Jews, or really the Rothschilds. Which I believe your are correct to point a finger at the Rothschilds, but people such as Albert Einstein are Ashkenazic Jews and I don’t believe they are guilty of being involved in this global cabal. However many do benefit from it, for many of them are put in high positions in all industries and government around the world so people all over the world will resent Jews as a whole. All the while the Rothschild Cabal uses this resentment to benefit their unbelievable ambitious political aspirations which are far more ambitious than even Caesar or Genghis Khan. The Rothchild Cabal must be stopped but first they must be truly exposed to the public. Jews as a whole even the Ashkenazi Jews are innocent of this deception but they are a pawn in this 250 year chess game. Realize that the Rothschilds have financed both sides of almost every single war since the American Revolution.

        Rothschilds quotes:

        Let me issue and control a nation’s money and I care not who writes the laws.
        Mayer Amschel Rothschild

        I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.
        Nathan Mayer Rothschild

        Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.
        Nathan Mayer Rothschild

        Teach those impudent Americans a lesson. Bring them back to colonial status.
        Nathan Mayer Rothschild

        [Nathan Mayer Rothschild is] the Lord and Master of the money markets of the world, and of course virtually Lord and Master of everything else. He literally held the revenues of Southern Italy in pawn, and Monarchs and Ministers of all countries courted his advice and were guided by his suggestions.
        Benjamin Disraeli

        I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
        Thomas Jefferson

        History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.
        James Madison

        The refusal of King George III to allow the colonies to operate an honest money system. Which freed the ordinary man from the clutches of the money manipulations was probably the prime cause of the revolution.
        Ben Franklin

        You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.
        Andrew Jackson

        I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one in my rear is my greatest foe.
        Abraham Lincoln

        I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed.
        Abraham Lincoln

        Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
        James Garfield

        I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
        Woodrow Wilson

        Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breadth when they speak in condemnation of it.
        Woodrow Wilson

        A world banking system was being set up here…A superstate controlled by international bankers…Acting together to enslave the world for their own pleasure. The Fed has usurped the government.
        Louis McFadden

        The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized…….The greatest crime of the ages is perpetrated by this banking and currency bill.
        Charles Lindbergh

        If you want to remain slaves of the Bankers and pay for the costs of your own slavery. Let them continue to create money and control the nation’s credit
        Sir Josiah Stamp

        LONG LIVE THE CONSTITUTIONAL REPUBLIC!

        • 1stVArifleman

          Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.
          Sir Josiah Stamp (full version of previous quote)

          LONG LIVE THE CONSTITUTIONAL REPUBLIC!

          • http://lastdayrapture.blogspot.com/ TK

            Amen 1stVArifleman!!!!

          • Marty

            Please read “Web of Debt’ by Ellen Brown.

        • Lennie Pike

          Thanks for correcting me.

          • 1stVArifleman

            No problem, I just think it hurts our cause when anyone says Jew and is not very specific about what they mean. Some good modern sources to consult about the Rothschilds and their global deception are:

            “Rule By Secrecy” by Jim Marrs
            “Vile Acts of Evil: Banking in America” by Michael Kirchubel
            “The Conspiracy that Will Not Die: How the Rothschild Cabal is Driving American Towards One World Government” by Sr. Robert Gates

  • hefsmaster

    michael, american dream wont let me on…. says i am forbidden…

    • Michael

      I know – the technical issues with my hosting company are being worked out now. They should be resolved soon.

      Michael

  • REED RICHARDS

    Michael,

    Let me guess, inflation began to rise on 20Jan2009 the day Obomber was sworn into office…………

    What you and many others fail to understand is why the asylum states government has no choice but cause inflation, which, by the way, is the direct result of engaging in endless money printing and eternal warfare.

    The Explanation Follows:

    1. Endlessly Print Money – The asylum states economy is essentially dead, this unfounded boast of a 15 trillion dollar GDP is a myth, the asylum produces nothing of value unless one counts guns and ammo as part of the equation, and the only thing keeping the asylum afloat is government transfer payments/handouts to the massess at all levels of the social ladder from banker bailouts and corporate welfare for the wealthy, to food stamps and unemployment checks for the non-working and the unproductive. This keeps the masses at all levels, fat, dumb, ignorant, high, and ready to kill on command like pit bulls.

    2. Wage Endless War On the Entire Planet – This second imperative enables the first. Or one could say both imperatives feed off of each other. War and the the threat of war is what keeps the asylum states dollar as the world’s reserve currency. Otherwise, this place would be like Zimbabwe and a loaf of bread would be 10 million dollars. Actual and/or threats of invasion and regime change are used to keep would be nationalists from doing business in their own currencies or the currencies of those they wish to freely do business with. Just take the examples of what happended in Iraq and Libya when their leaders tried to do business in either gold, euros, or any currency other than dollars. Instructional isn’t it?

    Amerika is in a death spiral, taking a nosedive from the stratosphere, nothing can stop it, and one can only hope that anyone who does survive this empire’s collapse will have the wisdom to learn from and not repeat the mistakes of their predecessors…………

  • http://chartistfriendfrompittsburgh.blogspot.com Josh

    If you look under the hood at the percent annual change of the CPI or PPI over the past century you can see that the system has actually been deflating.

    http://chartistfriendfrompittsburgh.blogspot.com/2012/02/top-is-in-its-all-downhill-from-here.html

  • bsmith

    If you haven’t seen the movie Soylent Green, I suggest you see it. It describes perfectly what America is going to look like in about ten years or so.

  • r.bitting

    Gold and silver could never save the people anyway, only Jesus Christ can. Trust in Christ’s sacrificial death on the cross for your sins and God will save you.

    • You’re An Idiot

      Silver saved the family of Jacob who became the tribes of Israel. The Bible tells us they went to Egypt to buy food and took silver with them to pay for it.

      …salvation is from the Jews – John 4:22

    • Jamel Jarvis

      *sigh* I think if Jesus were alive today he would facepalm right now. Did you read the part in the Bible where Jesus found out about the money changers in the temple?

      • r.bitting

        What about it. Jesus ran them off. So where did their silver & gold save them? Only Christ saves.

  • Ryu

    Soo I’m taking an economics course right now and I’ve done my reading and know about the Fed and what inflation is and have for a little while now and so when my professor asked the class what inflation is I responded by saying “It’s an increase of the amount of dollars circulating which in turn decreases purchasing power.” I was kinda surprised when he didn’t really like that answer and said some schools of economic thought look at inflation that way. So another student responded by saying “It’s a price increase” And my professor said “Yes!”. And right after that… my head exploded.

    • Orange Jean

      So, was your teacher teaching from the Marxist-Leninist perspective? Unfortunately, I found out too late that’s what I was paying for when I did my undergraduate degree (UMass-Amherst).

      • Ryu

        Haha… I don’t know but he definately has a slant and it sucks for students who aren’t hip to the other views because they take it as fact. Too sad.. I asked him if he would get into the difference between Keynesian Economics and Classical or Austrian Economic thought. This is how he basically declared it, Keynesian economists want to help take the burden off citizens by lessening the length and severity of recessions through monetary policy and government involvement, while Classical economists hate everybody haha, he didn’t exactly say that but he might has well have.

  • MarkieMark

    ken Nohe is exactly right.

    I have been saying the only way the US government can keep up the illusion of paying all of the entitlements is to allow inflation to run slightly ahead of Cost of Living Increases. Social Security recipients may get a 3% raise but then inflation will run 5% that year. Then they will get a 5% increase, but inflation will run 7% that year.
    The net effect will be the government will be paying out less and less in inflated dollars while those recieving pensions and entitlements will find their buying power decreasing year after year.

    • Mal R.

      “The net effect will be the government will be paying out less and less in inflated dollars while those recieving pensions and entitlements will find their buying power decreasing year after year.”

      Have you ever seen the Justin Timberlake movie “In Time”? Watch it.

  • http://onlineeconomicsclasses.com/ Al Broadman

    I think you make a great case for a no-no in capitalism….price controls.

    In times of economic upheaval, governments should step in and stop inflation by whatever means necessary. And as far as the Fed admitting they are devaluing our currency. Ron Paul got it right….its nothing more than simple theft. If the federal government refuses to do anything about it, it is up to the states to issue alternatives to federal reserve notes that are not debased by private companies but set value by our governments.

    I’m serious people….get out there and start doing something and quit just typing in front of your little screens. The game is afoot.

  • mondobeyondo

    The Five Stages of an Economic Collapse:

    http://www.shtfplan.com/emergency-preparedness/societys-five-stages-of-economic-collapse_02282012

    We are approximately at Stage 2.4 right now.

    Ladies and gentlemen, fasten your seat belts.

    • knightowl77

      I’m thinking 2.98….

    • Rodster

      Thanks I wasn’t aware of that website.

  • Cinderella Man

    I loved the Bernanke-Paul confrontation!!! Uncle Ben goes grocery shopping!!! What a frickin joke!!!! That scumbag could care less that a steak is going to cost $20 and a bag of Fritos is going to be $12!!! Just print more screw the little people!!! Im Uncle Ben and I crap all over you!!! LOL LOL

  • Rick

    Is this what one is to expect from working all his years away in some frickin’ factory? All this just so one can watch all of his life savings being depleted by some frickin’ banker?

  • libertyin413

    What’s more is the Inflation Tax forces people (most of the time unqualified) to become speculators in the Market and Wall Street just to MAINTAIN the value of their dollar. The large banks, encouraged by the FED Reserve, invest in the market at lower prices using the newly created dollars. This causes an uptick in the stock prices and a plunge in gold prices, which is then reported as a recovery, encouraging even more “average” investors to buy. The stocks split (or rise drastically), the “bankers” take out their winnings, repay the FED for the no-interest loan, and pocket the difference. All the while the regular investor watches as the market tumbles and their investment is wiped out and can now only be withdrawn and redeemed in the new, drastically depreciated, U.S. Dollar.

    • Lennie Pike

      True, except that an uptick in stock prices (these days) is not the main reason that causes the price of gold and silver to go down – not even close.

      Gold and silver is real money and is the only competition that federal reserve notes etc have. If the U.S. returned to using real money, the people behind the federal reserve would immediately lose all of their power. “They” can not allow the dollar price of silver and gold to rise for that reason and one other reason:

      The price of gold and silver and any other commodity is determined in the commodity markets – every time a futures contract is bought, the price goes up, and every time one is sold, the price goes down. It is that final transaction that determines the price of all commodities – although many other factors determine price beforehand. Whoever has the cash (FIAT!) to buy or sell a contract is setting the price.

      Through a few of “their” banks such as J.P. Morgan and HSBC, gold and silver futures contracts are sold short with “their” fiat money that is created out of thin air to keep the price of silver and gold low. Silver and gold should both have a price today ten times what they are now, but that price is suppressed.

      These contracts represent at least one thousand times more physical silver and gold that exists. Selling that amount of futures contracts is a huge fraud only for that reason, but when the price is fraudulently taken down when it begins to rise – it is the same as theft.

      NO ONE SHOULD EVER BUY A FUTURES CONTRACT IN GOLD OR SILVER!!!!!! – for those two reasons….BUT NOW THERE IS A THIRD REASON – these assholes are stealing money directly out of gold and silver futures investor’s accounts when making money by stealing it with the first two methods isn’t enough to satisfy them – see M.F. Global.

      I know everyone knows this already but just in case – a buyer of a futures contract is required to pay only a small fraction of the total value of the gold or silver represented in it, and also has the right to receive delivery into his possession the actual physical metal by coming up with the “money” to pay the remaining value of the gold or silver represented in the contract.

      So, if “they” allowed the price to rise and people began to invest in the snowball going downhill that it would become, and even more people would demand delivery of the physical metal, imagine what kind of hurt these thieves would be in trying to cover their fraud – they wouldn’t be able to.

      They have already been forced to pay large premiums in cash to holders of contracts who have demanded delivery because they do not have the actual physical metal they are supposed to have.

      This type of thing forces these thieves to begin small wars to confiscate the gold and silver of countries so that they can make these deliveries of physical metal, and world wars when there are no more countries to attack.

      • William

        You are right about the precious metals price suppression scam. It was run for the FED and the US Treasury Dept by Bear Sterns. Then, when Bear Sterns got in trouble in 2008, to keep the accounting books of Bear Sterns secret, which would not have happened in a bankruptcy, the FED gave JPMChase money to take out Bear, and keep the price suppression scam going. The criminals at the CFTC have been “investigating” this for over 4 years….
        If you buy gold or silver, you can be a victim of this scam short term, but not long term IF you take physical possession of your metal.

        • Lennie Pike

          Yep – make sure it’s the physical metal, and in your possession – that does NOT! mean a safe deposit bank in one of their banks. Bury it deep in a PVC pipe with glue welded end caps and put a few oxygen absorbers inside if it’s silver.

        • 1stVArifleman

          Great info there guys!

          During time of universal deceit, telling the truth becomes a revolutionary act.
          George Orwell

  • McKinley Morganfield

    No worries Michael, its everyone’s chance to be a billionaire for a day and then a trillionaire the next day! ;-) The monster from Jekyll Island devours all.

    • Prepared Pastor

      When I went on my first mission trip I realized that I was a Honduran millionaire! I have to admit it felt pretty good until I tried to buy something.

  • sharonsj

    I’m just sitting and waiting for good weather so I can go sell my belongings at flea markets and earn enough to pay my outrageous electric bill.

    About a year ago, Pennsylvania removed the cap on electric companies. We were told this would bring us wonderful competition and our bills would go down. What bullshit.

    I’m thinking about selling everything I can, including my house, and moving to a warmer state. Of course I’ll be faced with a humongous air conditioning bill and the same problem…. And while they’re at it, they’ll be raising my fees for sewer, water, highway tolls, state taxes, etc.

    Meanwhile, the government says inflation barely exists so they don’t have to give more money to the elderly, the disabled, and widows with children. And if you get food stamps the Republicans want to take away your right to vote!

    • Mal R.

      “About a year ago, Pennsylvania removed the cap on electric companies. We were told this would bring us wonderful competition and our bills would go down. What bullshit.”

      Well, you know that Democrats control federal energy policy through their enviro-fascism.

      Unless you’ve been living under a rock, you’ve seen the video of Obama telling you that his energy policy will cause energy prices to “NECESSARILY SKYROCKET”.

      So, you were lied to by democrats and judging my your statements, you blame republicans.

      Count me in as one that wants to remove your right to vote if your on the govt dole. There are too many people that cant sustain themselves in this country to allow them to have a say in where govt money goes. You people are selling us all back into slavery.

  • http://www.conservativemormonmom.blogspot.com Eva

    And if inflation isn’t bad enough to deal with right now, Obama has to go and support the high energy prices which inflate the cost of living and doing business even further. I’m a little scared about how we will(individually and Americans in general) make it through 2012. And I don’t even want to think about the possibility that Obama survives the election.

  • http://goto.glocalnet.net/pdn/ Awakened

    Seems like your site endoftheamericandream.com is blocked? Can´t enter it, it says FORBIDDEN.

    • Michael

      I know – my hosting company is being very slow about getting this fixed for me. I apologize for this, and hopefully things will be back to normal on that site very soon.

      Michael

      • http://goto.glocalnet.net/pdn/ Awakened

        Seems like the problem is fixed, can enter the other site now.

        • Michael

          Yes, and I will be making improvements to make sure that technical issues like that don’t arise on that site again.

          Computers can be so frustrating! :)

          Michael

          • REED RICHARDS

            Michael,

            Why not pray for divine intervention?

  • jdubya

    Inflation is a non-issue so long as salaries keep pace. Trouble is, salaries haven’t kept pace since the 1970s. But the point is, rather than railing against the Fed and longing for deflation, it’s more productive and logical to simply demand a raise!

  • http://www.iam126.org Joseph Pijanowski

    There are a handful of people around the world who have dedicated their lives to finding a solution to this daunting economic problem.
    Their work, is in congress right now as HR2990 (The National Emergency Employment Defense Act). This is a short, easy to read bill which would make three changes to our monetary system. Here is the short version of what it does.
    First, the Federal Reserve Banking System is incorporated into the US treasury (which is funny because many people think it always has been a part of our government).
    Second, fractional reserve banking is eliminated. Big Banks will still perform the same basic functions, but they will no longer be able to create “Debt Money” through fractional reserve banking.
    Third, the US government MUST create and spend (real, debt free, US money) into our economy to replace the current supply of “debt money” which will no longer be “loaned” into our economy. This is crucial as you must replace the current supply and continue until the “debt money” is replaced and taken out of circulation.
    HR2990 would provide $2.2 Trillion over 5 years for infrastructure repair and replacement. The infrastructure in need of repair has already been identified and rated D- by the American Society of Engineers. This would create over 7 million JOBS nationwide. For Illinois, it would amount to $17.6 billion EACH year for 5 years (a total of $88 billion). This is huge help for our state budget and it would begin in a matter of months from the passage of HR2990.
    HR2990 would also pay off the National Debt as it comes due. Real debt free US money would replace the current, fatally flawed “debt money”.

    • REED RICHARDS

      Joseph Pijanowski,

      CONGRESS PROVIDE A SOLUTION? GOOD LUCK WITH THAT::

      Sorry, but amerika is finished. There is no way out of this mess. The asylum states of amerika will collapse, there is no stopping it, and the only hope is that anyone who manages to survive can rebuild and not repeat the mistakes of their predecessors.

  • D

    C’mon now don’t be thinking too much.

    Be a good boy….good slave.

  • Tatiana Covington

    Paper money is essentially carbon-based currency. Now gold is extremely scarce. It is only about 1 part in 3 billion, by mass, of the Earth’s crust. Carbon is about 1 part in 5000 by mass, of the Earth’s crust: some 600,000 times more common. Further, it is logically impossible to counterfeit gold, and economically impossible to synthesize it. (However, lead can be turned into gold by neutron irradiation, setting off decay chains which convert Pb-206, 207, and 208 into Au-197.)

    Simply because carbon is so much more plentiful than gold, and easier to work with, no wonder carbon-based money is so much more plentiful.

    Blame the periodic table.

  • James Cooke

    So then we all are too scared to do anything about this then. The words of one of those forefathers who stated (and I paraphrase):

    “If the American people knew what the bankers where doing with their money they would errupt in a violent overthrow of the present reigning regime..”

    was really said in folly and jest – as no one is going up against the FED mafia, the illuminati, the collaborators of death and denizen of evil.

    We are all scared out of our wits and want for safety and security as opposed to freedom to keep charge of that which we earn.

    So Comrades all welcome to the world of socialism soon to be communism and soon to be setting in gulags awaiting the gallows to any who dissent the usurping of this feigned authority.

  • Gil

    If peoples’ pay aren’t keeping with inflation that simply means Americans aren’t as productive. If things are costing more in real terms that means there’s a shortage going on. Such problems would still exist even if the money is made of gold and silver.

    • Anthony

      Dead wrong, Americans are more productive than ever and are being fleeced for it, especially the younger generations.

      • Gil

        If Chinese workers can the same work as Americans for half the pay then they’re 2x productive or Americans are 1/2 productive as Chinese depending on how you look at it.

  • farah

    ********* people Ron Paul is the ONLY candidate that has been trying to educate the public on this exact problem!!!!!!!!! But this Country will continue to elect the status Quo because of their ignorance, you get what you deserve.

  • Cleo

    When my wife and I got married in 1971, we spent $12 to $15 a week on groceries and ate pretty good. I bought a used Ford for $300 to commute to my last semester of college…ran pretty good too. And once we both got working full time, it seemed like we had more than enough money to get pretty much anything we needed. But we did spend wisely, and saved and put away rainy day money our entire marriage.

    We always planned on taking care of ourselves with no gov’t handouts, and we planned on getting by without SSI…we viewed it as an extra bonus if we got any at all. Now I have doubts if we’ll get any the way things are going.

    Prepare for inflation the best you can. And try and awaken your friends and family. Spend wisely and save what you can. Be prepared to help others. And you still have time to get mentally and physically fit…it will come in handy when everything goes south.

  • Benjamin Cole

    inflation is not a tax, or even much of a worry. The Fed should print even more money, and juice this economy up. If the dollar goes lower against other world currencies, our exports go up and we get more work.

    If you are worried about inflation, and genuflect to gold. then buy gold. Why worry about inflation?

    It used to be said inflation is theft from creditors, who are largely wealthy.

    But we use income taxes to pay down the national debt–collected largely from the wealthy. If we monetize the debt through quantitative easing, we eliminate debt that income tax payers would have to pay off.

    It’s a win, win, win. Inflation is at historic lows, and probably needs to run in the five percent range for a while anyway.

    Money is not a store of value–if it is, then people store it and don’t spend it, causing a perma-deflationary recession. See Japan for how that turns out. P.U.

    Worship not gold, nor genuflect to the currency cultists. The Theo-Monetarists should find religion in church, not in the money supply.

    I worship real output, I love money, I love boom times, I love Fat City.

    Print the money and let the good times roll.

  • Steve

    Dwight Eisenhower in 1961 spoke of a Military-Industrial Complex (MIC). Today we have a Banking-Corporation-Employer-Government-Military-Politician Complex – the BCEGMP Complex. The banks print fiat money. The corporations plunder money and manufacture nothing. The employers outsource and automate jobs. The governments make money by war, the arms trade and drug trafficking. And, the politicians make laws favoring their corporate masters.
    All the money is flowing to the top as the Middle Class becomes the Lower Class and the Lower Class becomes destitute. The uprisings in Tunisia,England, Egypt, Libya, Spain, Bharain, Greece,Yemen, Italy, Syria and now the U.S. are not political nor religious demonstrations – they are ECONOMIC demonstrations. These economic demonstrations started in the 1990′s with the anti-G8 demonstrations. People of the Middle and Lower classes have no jobs and no money. Unlike the anti-Vietnam protests of 1965-73, which ended because of Vietnamization and the end of the military draft, the inciting causes of these revolts WILL NEVER END! JOB DESTRUCTION IS PERMANENT AND ESCALATING. The upper class will relentlessly destroy jobs until the entire world is totally automated by 2100 A.D. The equation of the 20th Century was E=mc2. The equation of the 21st Century is T + G = D, i.e. TECHNOLOGY + GREED = JOB DESTRUCTION.
    In Chicago May 2012 the G8 AND NATO are meeting in Chicago. COME TO CHICAGO !!

  • Carl Freeman

    We are buying 17 rentals,right now inflation is not working like it should for us, but the idea is to have something of value, and not papper dollars

  • Barni

    Inflation is bad if you have a lot of money because inflation decreases it’s relative purchasing power. On the other hand if you own an asset, inflation is your friend. It means your asset is worth more money today than last year.
    ALL inflation is bad for people with a lot of money (the top 10% wealthy elites)because each dollar can buy less of any commodity, service or asset.
    EXCESS hyper-inflation is destructive for all and is not demand (pull) induced – it is the result of an unregulated market in which greed (push) is the only motive, or undemocratic kleptocratic government purchased by elites, or rampant corporate control frauds; however not as a result of inflated real estate – inflated real estate is in fact a result of excessive money creation, greed, kleptocratic elites and rampant corporate control frauds which netted the top 10% hundreds of billions and which handed the majority of citizens an historically enormous bail out debt higher than necessary inflation and a depression as the top 10% elites shipped middle class jobs to Asia.
    Recently we have had inflation through use of
    “future money” to buy assets and items now and excessive money creation in the financial/banking sectors through debt and leverage.

  • saxa

    > I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
    > Thomas Jefferson
    >
    > History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.
    > James Madison
    >
    > The refusal of King George III to allow the colonies to operate an honest money system. Which freed the ordinary man from the clutches of the money manipulations was probably the prime cause of the revolution.
    > Ben Franklin
    >
    > You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.
    > Andrew Jackson
    >
    > I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one in my rear is my greatest foe.
    > Abraham Lincoln
    >
    > I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed.
    > Abraham Lincoln
    >
    > Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
    > James Garfield
    >
    > I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
    > Woodrow Wilson (after allowing formation of the “fed”)
    >
    > Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breadth when they speak in condemnation of it.
    > Woodrow Wilson
    >
    > A world banking system was being set up here…A superstate controlled by international bankers…Acting together to enslave the world for their own pleasure. The Fed has usurped the government.
    > Louis McFadden
    >
    > The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized…….The greatest crime of the ages is perpetrated by this banking and currency bill.
    > Charles Lindbergh
    >
    > If you want to remain slaves of the Bankers and pay for the costs of your own slavery. Let them continue to create money and control the nation’s credit
    > Sir Josiah Stamp
    >
    > LONG LIVE THE CONSTITUTIONAL REPUBLIC!

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  • http://www.youtube.com/watch?v=-ZZhmXMHZdA&feature=youtu.be Bill Poole

    http://www.youtube.com/watch?v=-ZZhmXMHZdA&feature=youtu.be

    This short film says it all. The inflation cycle in ancient Rome went from silver and gold to brass and copper, they could not even get tin for brass as the empire declined as it was mined in Britain. Ancient China had inflations and devaluations with each dynastic cycle. The ties that bind all Americans are within our medium of exchange…and these ties are being devalued by a profligate government and an irresponsibly accommodative central bank.

    http://www.youtube.com/watch?v=-ZZhmXMHZdA&feature=youtu.be

  • Phyl

    http://www.soldierhugs.com/cabal-surrender-poll-vote/
    We the People of planet Earth hereby set forth these NON-NEGOTIABLE CONDITIONS whereby to accept the COMPLETE and IRREVOCABLE PEACEFUL SURRENDER of the various Dark and Controlling factions who have illegally and covertly usurped Human populations and societies with varying agendas intended to control, rule, manipulate, subjugate, and ultimately exterminate the majority of our Human populations. These Dark and Controlling factions have and operate under many names, structures, titles, and organizations. Some of these include but are not limited to: The Illuminati, P2 Freemasons, The Cabal, Committee of 300, Bilderberg Group, The New World Order, The Jesuits (Black Pope Society), Rothschild Group, Rockefeller Group, Neo Nazi Bush Cabal, Federal Reserve Central Banks, European Central Banks, Shadow Government,… all hereinafter referred to as “Cabalists”.

    *Foundational Pre-Requisites* http://www.soldierhugs.com/cabal-surrender-poll-vote/
    It is understood and assumed as a Prerequisite to and in Addition to the below conditions listed, that the Cabalists will STAND DOWN and allow a NEW GLOBAL FINANCIAL system to be enacted and ANNOUNCED, while the current FIAT and FRACTIONAL RESERVE Banking and Financial protocols of the FEDERAL RESERVE and ROTHSCHILD EUROPEAN banking Cartels and their Subsidiaries are REPLACED with a new EQUITY based and ASSET backed Financial system and Currency exchange REVALUATION globally that ALIGNS with the INTERESTS and WISHES of the World populations. (ie: uS Treasury currency vs. Fed. Reserve notes) Additionally we demand the immediate release of the WORLD GLOBAL SETTLEMENTS, the PROSPERITY PROGRAMS, CMKX, FARM CLAIMS and all AMERICAN INDIAN SETTLEMENTS that Congress has APPROVED yet has still not funded, be RELEASED and INITIATED.

    [Here’s your Divine Intervention)-the purpose of the voting is not to decide the future of our planet, but to give the Light forces an idea of what people want so we can negotiate better.

  • http://www.whatreallyhappened.com Ben Dover (America)

    It’s July 4th, 2012 – Do YOU KNOW what time it is?
    (It’s time to pass H.R. 459, and AUDIT THE ‘FED’!)
    http://chooseliberty.org/auditrphf3.aspx?pid=0703

    http://www.chooseliberty.org/mailin/audit_donate1_mail.htm?i=CL090077-0703

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  • boethius

    Things were only so cheap because people were borrowing from the future. It’s not sustainable to have dirt cheap automobiles and so on – no matter if they cost $1 or $1000. Complaining about prices is to complain about a symptom. The cause is imbalances in sustainability: one which no green legislation will be able to fix. There needs to be a radical overhaul of conciousness before the people can drop the shackles of inflation and consumption.

  • Donald Bly

    Inflation isn’t necessarily a bad thing…. however, inflation caused by quantitatively easing Fed Reserve Notes is a travesty. The federal reserve banks take a rake off of everything. The more spending beyond the governments ability to tax means the more money these private banks bring into the system to supply the ever more ravenous spending of politicians. It devalues idle money but has absolutely no effect on investment. IE: You invest in one share of company A’s stock for $100. The amount of money in circulation doubles your stock is now worth $200…. inflation has had absolutely no effect on wealth that is invested in the means of production. However, idle money, money hoarded by the rich and not actively at work is now worth half as much… Most recessions are caused by the wealthy trying to preserve their wealth by hoarding it.

    Inflation is a problem for the paycheck to paycheck earner unless their is a regular adjustment of wages to compensate for the effects of inflation. OR…. wages could be tied to a tangible such as gold… IE: Joe Public earns $30 per hour… at the current gold price of $1231 an ounce…. we could also say that Joe earns .69089 grams of gold per hour since gold equals $43.42 a gram at the $1231 price.

    If Joe was simply paid the current value of .69089 grams of gold for each hour of work his wages would be essentially inflation proof.

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