Elroy told me about Spain - and how when they found all that new Aztec gold - thier money supply went up - it is just like the Fed printing a whole bunch of new dollars - so why did spain decline - they took all thier new MONEY and did not make good investments in thier society and citizens - say research, technology, labor, education, infrastucture etc etc - they squandered it. A few at the top got richer and the wealth gap swelled - today we CAN print new dollars and do good things if that aids in building the whole society with good programs and services and such - but if all it does is make a few fat cat CEO's and bankers richer - we are squandering our dollar like Spain squandered all her newfound golden money.
from conspiracypnepal:
In the old West, unscrupulous bartenders added water to their stores of whiskey in order to increase profits; source of the term "watered stock." Eventually, their patrons went elsewhere and they went out of business. The term carried over to the securities field.
Diluted money is said to be inflated instead of watered, since more dollars chase the same quantity of goods and services, which inevitably leads to price inflation. This is where you and I, gentle reader, get sheared by our own government. Eventually, governments that print too much extra money go out of business. America's is living on time borrowed by virtue of the fact that its currency has served as the world's currency for so long. As China, Iran, Iraq, Warren Buffet and Bill Gates all have told us recently, by dumping the dollar themselves, America's time now is up.
The average American family well understands the consequence of deficit spending via those ubiquitous credit cards: they simply refinanced the house! Now they are about to learn a very painful lesson, one their grandparents learned nearly a century ago.
The Fed was established in 1913 to stabilize America's money supply by regulating the operations of all of America's banks. What a joke! For two hundred years prior to the Fed's establishment, without its "stabilizing" influence, the American dollar varied little, if at all. A 1910 dollar bought exactly what an 1810 dollar bought, not to mention all the other American dollars, right back to the founding of the Republic.
Know what today's dollar will buy? Exactly what two cents would have bought on the day the Fed was established! Two cents. What happened to the other 98 cents? They were stolen by the Fed, doing exactly what the quotes at the head of this article promise will happen in the future.
The dollar has declined over 30% just since George W. Bush first assumed office, five years ago. You saw it happening. You heard about it. Deficits, donchaknow. Towering deficits, as far as the eye can see. Spending deficits. And trade deficits, which simply are spending deficits at the international level. Deficits of monumental and historical proportions. Humongous deficits. Deficits that defy description.
Gotta pay for that pointless war in Iraq (coming soon to an Iran near you), all that health care for the illegal immigrants, all that welfare for the now-permanent underclass in America, all those new government workers, all that price gouging by Halliburton...and so on.
When the government spends five dollars, yet takes in only four dollars, it simply prints the fifth dollar, which it then, incredibly enough, proceeds to borrow from the Fed. Counterfeiting, if you will, but they call it deficit spending. I call it theft.
Monetary Inflation
There is no such thing as a free lunch. When the government goes to lunch, you get to pay for it. The first four dollars of its five-dollar lunch might come from your taxes. The fifth dollar simply is printed and, when spent, dilutes the value of your remaining dollars. And that literally is what happened this past year, since America's money supply now is increasing at a clip of about 20%, but with no corresponding increase in the goods and services produced by America.
That is why, in March 2006, the American government is going to stop reporting how much the money supply grows
Neither WhirlyBen nor "Easy Al" understands economics, though both know full well that they have been stealing from you. They think that there is a free lunch and that the tab can be held at bay forever. They are wrong and we are dangerously close to the tipping point right now - the point beyond which too few of us have enough wealth or income after taxes (not to mention the government theft that is monetary inflation) to pay the mortgage and feed our families.
The Fed and its surrogate, the United States government (yes, that is the correct order, boys and girls), intend to crash the dollar like the mortally-wounded eagle-cum-albatross it has become. Perhaps the impending Iranian move to demand Euros instead of dollars for its oil (not so coincidentally, that is exactly what Iraq did just before we decided to invade it) will be the final straw. If not, we are dangerously close, regardless.
Think deflation, which has been masked for several years now by the monetary inflation being spewed by the Fed (except as regards your paycheck, of course). When that no longer works and the final refuge of the inflato-dollar, real estate, has its not-so-little bubble burst, think true hyperinflation, Weimar style.
This is the way it has to be, if one-world government, over a hundred years in the making, is to be implemented. We will need a one-world currency. |
