"My people are destroyed for lack of knowledge."
Hosea 4:6
This short article will address the topic of
inflation, its causes, the effects thereof, and
how to safeguard against it.
Do not fall victim to inflation, i.e., the
government manipulation of your money. Let me
explain.
I. What Causes Inflation
Have you ever heard of the Federal Reserve? Well
then you know what causes inflation. The "Fed" is
the engine of inflation, by self-admission. But
how can that be?, you ask. The "Fed" is a branch
of the federal government, no?
It is not. It is neither federal, nor are there
any reserves - anywhere - to speak of. Time was,
when the American dollar was indeed as good as
gold, for it was actually backed by gold. These
days, the dollar is no more than a three cent
piece of paper(the three cents includes the price
of ink), worth anything only because our
government says it is. This is to say, that the
dollar has value due only to government's faith in
the people's ignorance, or, more accurately, the
people's ignorance of their government's lack of
faith.
The story of the Federal Reserve exemplefies this
infidelity, the greatest fraud ever perpetrated on
the American people. Even the most cursory
investigation will reveal that the "Fed" is a
private corporation, a "cabal" of bankers, if you
will. As with most corporations, it has
shareholders - mostly foreign, in this case. This
bears repeating: the controlling interest in the
company known as the Federal Reserve is European.
And I thought we won the Revolutionary War(!)
Let us pause here. My dear reader will agree
that the aforementioned facts are cause for
concern: of much import and gravitas, for you
academic types. For the rest of us, it is a matter
of everyday life, indeed, one of survival. Truth
be told, and at the risk of sounding like a
Democrat, it is getting harder. Let's clear the
air, and get down to brass tacks. Does your salary
double every ten years? It had better, because the
average price of a new car does. Clearly we are
dealing with inflation here, and clearly
government-given figures regarding inflation are,
well, underinflated. What is not as obvious is
that there need not be inflation.
But first, a question: What is in your pocket at
this moment? Is it a one dollar bill?
Congratulations! You are one dollar in debt! Do
you perhaps have a twenty? Then you are twenty
dollars in debt. For this is all that the dollar
is, no more than an instrument of debt. It is
simply the federal government's obligation to the
Federal Reserve, with you - the American people -
pledged as collateral.
Observe the back of a cancelled check from the
IRS: it will often state, "Pay any Federal Reserve
Bank, for debts incurred by the US Gov't."
It works like this: a)government needs money to
operate; b)government borrows money from private
bank(Federal Reserve); c)private bank prints money
"out of thin air"!(This is known as fractional
reserve banking, the discussion of which is beyond
the scope of this article. But I urge the reader
to conduct his own investigation.); d)since
government gets its money from the people,
government issues legal tender("dollar"), in
effect, "passing the buck"; e)ignorant American is
now forever enslaved by debt, owing Federal
Reserve what he thought was his own money.
How's that for representative government?
"The one aim of these financiers is world control
by the creation of inextinguishable debts."
--Henry Ford
Now you know what the dollar is.
This brings us to the underlying causes of
inflation. Let us remember that the dollar is an
instrument of debt, i.e., a loan. As such, it must
be repaid, and with interest. Where will the money
to the pay the interest come from,however, if the
principal itself never existed? Why, it must be
printed. The bankers are a clever lot, admittedly.
The most important factor causing inflation then,
is the interest charged by banks(the shareholders
of the "Fed"), the costs of which are then passed
along to consumers in the form of higher prices.
Inflation is, purely speaking, an inflation of the
money supply, as required simply to pay this
interest. The money supply, or number of dollars,
is inflated, or expanded, thereby reducing the
value of each and every individual dollar.
Know that it is not, generally speaking, that
commodities are rising in price, but rather that
the dollar is losing value. With every new dollar
that is printed, each pre-existing dollar loses
corresponding value. And when you have a dollar
that is worth less, naturally, it will take more
of them to make your purchase.
Worse yet, because all our "dollars" are debts
loaned into circulation, and with interest due,
the more of them there are, the greater the impact
on inflation. In other words, inflation is not
only here to stay, it must, by definition, only
get worse.
Thusly, and seemingly, prices rise. In reality,
you are wanting more of the devalued dollars for
the same amount of goods. In the absence of a gold
standard, this is not only entirely possible, but
encouraged.
"In the absence of a gold standard, there is no
way to protect savings from confiscation through
inflation. There is no safe store of value. If
there were, the goverment would have to make its
holding illegal, as was done in the case of
gold... The financial policy of the welfare state
require that there be now way for the owners of
wealth to protect themselves.
"This is the shabby secret of the welfare
statists' tirades against gold. Deficit spending
is simply a scheme for the 'hidden' confiscation
of wealth. Gold stands in the way of this
insidious process. It stands as a protector of
property rights."
--(a younger and much more honest)AlanGreenspan:
Gold and Economic Freedom
As we can see, inflation is a hidden tax, and
like the income tax itself, is the interest we are
paying to the Federal Reserve. It is no
coincidence that both the "Fed" and the IRS were
created in the same year, just as it is no secret
that prior to that year, 1913, the income
tax(along with property taxes, incidentally) were
nonexistant. The constitution, in fact, strictly
prohibits such a direct tax on income.(Where is
the ACLU on this?) The inescapable conclusion is
that the more government spends, the more the
Federal Reserve profits. It is for this reason
that we have the welfare state we find ourselves
oppressed by.
Did I mention that Alan Greenspan(titular head of
the private company known as the Federal Reserve)
visits the White House on a weekly basis?
Can you say conflict of interest?
II. The Effects
Meet John Public. John graduated from college in
1970, eager, prepared, ready and willing to enter
the workforce. John did so, worked hard, and
prospered. In accounting for his retirement, John
figured that 40 years hence, he would need
$100,000 in the bank. $100,000 in the bank, at %5
interest, John thinks to himself, will net me
$5,000 a year, a modest, yes, yet comfortable,
living. Fast-forward, if you will. It is now 2004.
Remember John? John has worked hard, has played by
the rules, has done all the right things. Our
not-so-fictitious friend has married, and raised
children. Six years 'til retirement, John thinks
to himself. And John continues working. John
retires, proud of the $100,000 he's saved. And
John is all set.
I will stop here. I wish to use this momentary
pause to enlist the help of the reader. Email me,
if you would, if you are receiving %5 interest on
any of your accounts. Likewise, email me please,
if you are subsisting on $5,000 a year. This would
be of the greatest interest to me, and my readers
alike, and I thank you in advance.
John Public... what happened here? J.P. worked
hard, did all the right things, and is now...
living below the poverty line?
Is it possible? How did this happen? Liberty and
justice for all?
What happened was that John was robbed. Inflation
is counterfitting, and counterfitting is cheating,
and it is the Federal Reserve itself that is
cheating, under the guise of a duly-elected
government.
Harry Browne defines inflation as, "an increase in
money substitutes above the stored stock of real
money; the counterfiting of money receipts."(p.
372, You Can Profit From a Monetary Crisis, and
How You Can Profit From the Coming Devaluation).
III. What You Can Do
"Give me control over a nation's currency and I
care not who makes its laws." --Baron M.A.
Rothschild
"Whoever controls the money in any country is
master of all its legislation and commerce."
--President James Garfield
Seems hopeless, I know.
What can you do?
When the people own the money, they control the
government. When the goverment owns the money, it
controls the people. Bernard's Law.
There was a time in this, God's country, when you
could visit your banker and exchange a 20 dollar
bill for a 20 dollar gold piece,a coin containing
nearly an ounce of gold.
When was the last time you saw a 20 dollar gold
piece?
Happily, the solution is simple, and as
American as apple pie. The answer is: good
old-fashioned competition. A nonprofit
orginization has introduced a competing currency,
%100 backed and redeemable in gold and silver, as
mandated by the Constitution. Below is their
Declaration of Monetary Liberty.
Sometimes in the course of events it becomes
necessary for men and women of strong moral
character to cast off the invisible economic
chains of debt and taxation which bind them, and
to form a more just monetary system. It is this
common situation which inspired the National
Organization for the Repeal of the Federal Reserve
Act and the Internal Revenue Code(Norfed). We hold
these truths as evident:
-The Federal Reserve and the Income Tax were both
created in the same year 1913. Neither are
constitutional.
-The Federal Reserve, by its own admission, is not
"federal" nor has any "reserves". It is actually a
private bank cartel that profits from enslaving
the people with debt.
-"A heavy preogressive or graduated income tax" is
the Second Plank in the Communist Manifesto.
-"Centralization of credit in the hands of the
State, by means of a national bank with State
capital and an exclusive monopoly" is the Sixth
Plank of the Communist Manifesto.
-The American Revolution was not fought about
taxes, but due to the oppressive British control
over the money supply. The colonies propsered
prior to losing that control.
-According to John M. Keynes, inflation is a
hidden tax that "only one man in a million is able
to diagnose." $1.00 today buys what four cents did
in 1913!
-According to Lenin, "There is no surer way of
overturning a society than to debauch the
currency." He was referring to unlimited,
un-backed government paper "money".
-According to our government's own Grace
Commission Report in 1984, "not one dime of your
income taxes goes to run the government or fund
any program."
-According to researcher and author G. Edwards
Griffin in his 1997 study of the Federal Reserve,
48% of our income taxes pays the interest on the
national debt.
-According to researcher and Peter Kershaw, the
day is coming when 100% taxation will not even
cover the interest payments. Beyond bankruptcy!
-Federal Reserve "Notes" are IOU's that can not be
nor ever will be paid.
From the beginning of time, some have always
sought to control others. Now "they" strive to
control us with their valueless fiat currency.
NORFED turns the tables on their modus operandi by
putting people at the head of the line, where
money is worth the most. Now we can privatize our
money and profit by inroducing the Liberty Dollar.
Now we can miraculously decentralize the monetary
system with the simple Norfed solution which
returns the ownership of the money to the people.
There is no fiat currency, such as our dollar,
that has ever survived, and not one that has not
collapsed. Please understand what eliminating the
"Fed" would accomplish:
a)The elimination of the national debt...
overnight.
b)The elimination of the income tax... there would
no longer be a need for it.
c)An end to inflation.
"I believe that if the people of this nation fully
understood what Congress has done to them over the
past 49 years, they would move on Washington, they
would not wait for an election. It adds up to a
preconceived plan to destroy the economic and
social independence of the United States." --
Senator George W. Malone, speaking before Congress
about the Federal Reserve Bank(1962)
Hosea 4:6
This short article will address the topic of
inflation, its causes, the effects thereof, and
how to safeguard against it.
Do not fall victim to inflation, i.e., the
government manipulation of your money. Let me
explain.
I. What Causes Inflation
Have you ever heard of the Federal Reserve? Well
then you know what causes inflation. The "Fed" is
the engine of inflation, by self-admission. But
how can that be?, you ask. The "Fed" is a branch
of the federal government, no?
It is not. It is neither federal, nor are there
any reserves - anywhere - to speak of. Time was,
when the American dollar was indeed as good as
gold, for it was actually backed by gold. These
days, the dollar is no more than a three cent
piece of paper(the three cents includes the price
of ink), worth anything only because our
government says it is. This is to say, that the
dollar has value due only to government's faith in
the people's ignorance, or, more accurately, the
people's ignorance of their government's lack of
faith.
The story of the Federal Reserve exemplefies this
infidelity, the greatest fraud ever perpetrated on
the American people. Even the most cursory
investigation will reveal that the "Fed" is a
private corporation, a "cabal" of bankers, if you
will. As with most corporations, it has
shareholders - mostly foreign, in this case. This
bears repeating: the controlling interest in the
company known as the Federal Reserve is European.
And I thought we won the Revolutionary War(!)
Let us pause here. My dear reader will agree
that the aforementioned facts are cause for
concern: of much import and gravitas, for you
academic types. For the rest of us, it is a matter
of everyday life, indeed, one of survival. Truth
be told, and at the risk of sounding like a
Democrat, it is getting harder. Let's clear the
air, and get down to brass tacks. Does your salary
double every ten years? It had better, because the
average price of a new car does. Clearly we are
dealing with inflation here, and clearly
government-given figures regarding inflation are,
well, underinflated. What is not as obvious is
that there need not be inflation.
But first, a question: What is in your pocket at
this moment? Is it a one dollar bill?
Congratulations! You are one dollar in debt! Do
you perhaps have a twenty? Then you are twenty
dollars in debt. For this is all that the dollar
is, no more than an instrument of debt. It is
simply the federal government's obligation to the
Federal Reserve, with you - the American people -
pledged as collateral.
Observe the back of a cancelled check from the
IRS: it will often state, "Pay any Federal Reserve
Bank, for debts incurred by the US Gov't."
It works like this: a)government needs money to
operate; b)government borrows money from private
bank(Federal Reserve); c)private bank prints money
"out of thin air"!(This is known as fractional
reserve banking, the discussion of which is beyond
the scope of this article. But I urge the reader
to conduct his own investigation.); d)since
government gets its money from the people,
government issues legal tender("dollar"), in
effect, "passing the buck"; e)ignorant American is
now forever enslaved by debt, owing Federal
Reserve what he thought was his own money.
How's that for representative government?
"The one aim of these financiers is world control
by the creation of inextinguishable debts."
--Henry Ford
Now you know what the dollar is.
This brings us to the underlying causes of
inflation. Let us remember that the dollar is an
instrument of debt, i.e., a loan. As such, it must
be repaid, and with interest. Where will the money
to the pay the interest come from,however, if the
principal itself never existed? Why, it must be
printed. The bankers are a clever lot, admittedly.
The most important factor causing inflation then,
is the interest charged by banks(the shareholders
of the "Fed"), the costs of which are then passed
along to consumers in the form of higher prices.
Inflation is, purely speaking, an inflation of the
money supply, as required simply to pay this
interest. The money supply, or number of dollars,
is inflated, or expanded, thereby reducing the
value of each and every individual dollar.
Know that it is not, generally speaking, that
commodities are rising in price, but rather that
the dollar is losing value. With every new dollar
that is printed, each pre-existing dollar loses
corresponding value. And when you have a dollar
that is worth less, naturally, it will take more
of them to make your purchase.
Worse yet, because all our "dollars" are debts
loaned into circulation, and with interest due,
the more of them there are, the greater the impact
on inflation. In other words, inflation is not
only here to stay, it must, by definition, only
get worse.
Thusly, and seemingly, prices rise. In reality,
you are wanting more of the devalued dollars for
the same amount of goods. In the absence of a gold
standard, this is not only entirely possible, but
encouraged.
"In the absence of a gold standard, there is no
way to protect savings from confiscation through
inflation. There is no safe store of value. If
there were, the goverment would have to make its
holding illegal, as was done in the case of
gold... The financial policy of the welfare state
require that there be now way for the owners of
wealth to protect themselves.
"This is the shabby secret of the welfare
statists' tirades against gold. Deficit spending
is simply a scheme for the 'hidden' confiscation
of wealth. Gold stands in the way of this
insidious process. It stands as a protector of
property rights."
--(a younger and much more honest)AlanGreenspan:
Gold and Economic Freedom
As we can see, inflation is a hidden tax, and
like the income tax itself, is the interest we are
paying to the Federal Reserve. It is no
coincidence that both the "Fed" and the IRS were
created in the same year, just as it is no secret
that prior to that year, 1913, the income
tax(along with property taxes, incidentally) were
nonexistant. The constitution, in fact, strictly
prohibits such a direct tax on income.(Where is
the ACLU on this?) The inescapable conclusion is
that the more government spends, the more the
Federal Reserve profits. It is for this reason
that we have the welfare state we find ourselves
oppressed by.
Did I mention that Alan Greenspan(titular head of
the private company known as the Federal Reserve)
visits the White House on a weekly basis?
Can you say conflict of interest?
II. The Effects
Meet John Public. John graduated from college in
1970, eager, prepared, ready and willing to enter
the workforce. John did so, worked hard, and
prospered. In accounting for his retirement, John
figured that 40 years hence, he would need
$100,000 in the bank. $100,000 in the bank, at %5
interest, John thinks to himself, will net me
$5,000 a year, a modest, yes, yet comfortable,
living. Fast-forward, if you will. It is now 2004.
Remember John? John has worked hard, has played by
the rules, has done all the right things. Our
not-so-fictitious friend has married, and raised
children. Six years 'til retirement, John thinks
to himself. And John continues working. John
retires, proud of the $100,000 he's saved. And
John is all set.
I will stop here. I wish to use this momentary
pause to enlist the help of the reader. Email me,
if you would, if you are receiving %5 interest on
any of your accounts. Likewise, email me please,
if you are subsisting on $5,000 a year. This would
be of the greatest interest to me, and my readers
alike, and I thank you in advance.
John Public... what happened here? J.P. worked
hard, did all the right things, and is now...
living below the poverty line?
Is it possible? How did this happen? Liberty and
justice for all?
What happened was that John was robbed. Inflation
is counterfitting, and counterfitting is cheating,
and it is the Federal Reserve itself that is
cheating, under the guise of a duly-elected
government.
Harry Browne defines inflation as, "an increase in
money substitutes above the stored stock of real
money; the counterfiting of money receipts."(p.
372, You Can Profit From a Monetary Crisis, and
How You Can Profit From the Coming Devaluation).
III. What You Can Do
"Give me control over a nation's currency and I
care not who makes its laws." --Baron M.A.
Rothschild
"Whoever controls the money in any country is
master of all its legislation and commerce."
--President James Garfield
Seems hopeless, I know.
What can you do?
When the people own the money, they control the
government. When the goverment owns the money, it
controls the people. Bernard's Law.
There was a time in this, God's country, when you
could visit your banker and exchange a 20 dollar
bill for a 20 dollar gold piece,a coin containing
nearly an ounce of gold.
When was the last time you saw a 20 dollar gold
piece?
Happily, the solution is simple, and as
American as apple pie. The answer is: good
old-fashioned competition. A nonprofit
orginization has introduced a competing currency,
%100 backed and redeemable in gold and silver, as
mandated by the Constitution. Below is their
Declaration of Monetary Liberty.
Sometimes in the course of events it becomes
necessary for men and women of strong moral
character to cast off the invisible economic
chains of debt and taxation which bind them, and
to form a more just monetary system. It is this
common situation which inspired the National
Organization for the Repeal of the Federal Reserve
Act and the Internal Revenue Code(Norfed). We hold
these truths as evident:
-The Federal Reserve and the Income Tax were both
created in the same year 1913. Neither are
constitutional.
-The Federal Reserve, by its own admission, is not
"federal" nor has any "reserves". It is actually a
private bank cartel that profits from enslaving
the people with debt.
-"A heavy preogressive or graduated income tax" is
the Second Plank in the Communist Manifesto.
-"Centralization of credit in the hands of the
State, by means of a national bank with State
capital and an exclusive monopoly" is the Sixth
Plank of the Communist Manifesto.
-The American Revolution was not fought about
taxes, but due to the oppressive British control
over the money supply. The colonies propsered
prior to losing that control.
-According to John M. Keynes, inflation is a
hidden tax that "only one man in a million is able
to diagnose." $1.00 today buys what four cents did
in 1913!
-According to Lenin, "There is no surer way of
overturning a society than to debauch the
currency." He was referring to unlimited,
un-backed government paper "money".
-According to our government's own Grace
Commission Report in 1984, "not one dime of your
income taxes goes to run the government or fund
any program."
-According to researcher and author G. Edwards
Griffin in his 1997 study of the Federal Reserve,
48% of our income taxes pays the interest on the
national debt.
-According to researcher and Peter Kershaw, the
day is coming when 100% taxation will not even
cover the interest payments. Beyond bankruptcy!
-Federal Reserve "Notes" are IOU's that can not be
nor ever will be paid.
From the beginning of time, some have always
sought to control others. Now "they" strive to
control us with their valueless fiat currency.
NORFED turns the tables on their modus operandi by
putting people at the head of the line, where
money is worth the most. Now we can privatize our
money and profit by inroducing the Liberty Dollar.
Now we can miraculously decentralize the monetary
system with the simple Norfed solution which
returns the ownership of the money to the people.
There is no fiat currency, such as our dollar,
that has ever survived, and not one that has not
collapsed. Please understand what eliminating the
"Fed" would accomplish:
a)The elimination of the national debt...
overnight.
b)The elimination of the income tax... there would
no longer be a need for it.
c)An end to inflation.
"I believe that if the people of this nation fully
understood what Congress has done to them over the
past 49 years, they would move on Washington, they
would not wait for an election. It adds up to a
preconceived plan to destroy the economic and
social independence of the United States." --
Senator George W. Malone, speaking before Congress
about the Federal Reserve Bank(1962)
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