Some of you patriotic Americans are confused about inflation. You. Don’t understand why you should be concerned. After all, haven’t we had inflation “forever,” and hasn’t America prospered through it all?
Might I remind you of the “Great Depression,” of the 1930’s, and the “Great Recession,” of 2008? Hundreds, if not thousands of Americans lost everything in these avoidable events, and they were both greatly caused by “INFLATION,” (fiat currency, mass produced by our Federal Reserve.)
Let me assure you, the inflation of these historical events pales in comparison to the inflation of today. There will be a time, in the not too distant future, where, in the words of one of Barak Obama’s friend, “America’s chickens (will come) home to roost.”
This is not a threat, it is a fact. Mathematical certainties are not to be trifled with. On October 25th, 1929, most Americans were certain that prosperity was all that was in store for America, and Americans. That all changed, at the drop of a hat, America’s chickens came home to roost, and it was a decade, and a World War, before America was restored. It is important to pay attention to danger while there is still time to correct for it.
It may already be too late, only God knows for sure, but it is never too late to embrace truth, and it is never too late to draw near to God.
If my previous illustrations have not communicated to you, please indulge me in a couple more.
At the signing of our Constitution, in Article I, Section 8, and Clause 5;
“The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . ,” and Article 1, Section 10, Clause 1 says, “No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;..”
So with the Coinage Act of April, 1792, gold and silver, by weight was made our American currency. One dollar was one twentieth of an ounce of gold. That was the definition of, and the practical reality of the term, “dollar.” For the most part silver was used for the production of “dollars,” and the value of silver being unequal with gold, their exchange rate necessitated that a silver dollar weighed 26.73 grams.
Have you ever noticed the mention of a 20 dollar gold piece, in western movies? This is because a gold coil, from the US Mint, weighed one ounce of gold. This, “20 dollar gold piece,” was a one ounce gold coin.
When we consider the “cost of gold,” it is common for the average American to believe that it is gold who’s value fluctuates. This is not the case, it is gold that has value, and that is why the US Constitution requires that only gold and silver can be deemed money. When the, “cost of gold,” increases, or decreased, it is because the value of our currency has either diminished, or been strengthened.
We own a house that was built in 1973. I don’t know the value at the time of its completion, but I do know that we purchased it in 2004, for 90 thousand dollars. It was a “repossession,” (meaning that the bank was trying to recover as much of the outstanding investment they’d lost, as possible, but it was not the market value.)
At the time we bought it, the house was an unlivable shell. It needed many hours of demolition, and reconstruction in order to be occupied. I assure you that this house was not valued at 90 thousand dollars in 1973, even though it was in perfect, “new house,” condition. Why, what changed to “increase the value,” of this house?
It was not the value of the house that changed, it was the value of the currency that changed.
This house was probably valued at nearly $30,000, at the time of its completion, yet in 2004, it was valued at more than $90,000 in its, “unlivable,” condition.
I you were to, “save,” $90,000 for the next ten years, without investing it in an interest bearing utility, it would be worth a fraction of, $90,000.
You may have noticed my repeated references to the Weimar Republic, Venezuela, and Zimbabwe. These are not fictions, they are historical references to the tyrannical use of fiat currency to destroy vibrant societies, and they can be researched quite easily with the use of digital searches.
For those who have ears to hear, we are being robbed by the Federal Reserve, with the help of the US Congress.
God bless you, Dave