Learn why democracy destroys your standard of living (starting at 11:30 mark):
Posts Tagged ‘money’
Posted in abuse of power/corruption, Federal Reserve, fiat currency, government regulation, Obama Regime, taxes, tagged banking, Fed, fraud, hidden tax, inflation, money on September 3, 2009| 1 Comment »
Erik Voorhees reports:
In other words, the value of the dollar remained extremely stable for 150 years, the Fed was created in order to “stabilize the value of the dollar,” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.
The Federal Reserve System is fraudulent. Whatever its stated purpose, its effect is to create a hidden mechanism of deficit spending by politicians, through the insidious invisible taxation of monetary debasement (inflation). With printed money, the Government can buy services for its voters before the effects of inflation are felt. The voters money buys less the following year, as the new money has raised prices, and they are often none the wiser.
Fraudulent, yet very effective.
Not to invest, but to preserve your wealth says Ron Paul:
Buying gold and holding it is somewhat analogous to converting one’s savings into one hundred dollar bills and hiding them under the mattress – yet not exactly the same. Both gold and dollars are considered money, and holding money does not qualify as an investment. There’s a big difference between the two however, since by holding paper money one loses purchasing power. The purchasing power of commodity money, i.e. gold, however, goes up if the government devalues the circulating fiat currency.
Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar.
It is no secret that the destruction of the Dollar is not an accident, as Lee Rogers points out:
We are about to witness a financial calamity of epic proportions and the establishment shows no sign of wishing to implement policies to reverse this. The end game appears to be the continued destruction of the U.S. Dollar which will allow the establishment to implement the North American Union and a regional currency which will completely undermine the sovereignty of the United States. The crisis in the U.S. Dollar will be used to facilitate this phony solution which will give the big multinational corporations and central bankers even more power.
Posted in 2008 elections, Federal Reserve, fiat currency, government regulation, ideology, libertarian, mainstream media, politics, Ron Paul, video, tagged Ben Bernanke, Economy, inflation, money on February 27, 2008| 2 Comments »