The Death of the Dollar
The Death of the Dollar
Has anyone ever told you that putting your money in the bank, in an attempt to save some of that hard earned cash is a waste of time? That your batter off tucking it under your mattress or throwing it out the window.
Why? Because a former President decided that we had no longer had a need to be able to convert out dollar into gold or silver. Because of that single act our money is now just worthless paper that the Federal Reserve (which is privately owned) can print at will, lend to our government and charge interest on!
Inflation and interest have combined to make the GROSS income taxes collected annually insufficient to pay the interest accrued every year on the national debt! The hole just keeps getting bigger and deeper every year.
How does this affect you and your attempts to save? It means that while inflation grow every year you have less and less buying power with which to live.
Remember gas at $1.24?, smokes for $0.93 a pack? How about a 6 pack of beer for $1.80 It wasn't that long ago.
Once the dollar hits a certain level of top heavy inflation versus value, the money has to be restructured. Learn from the past, Germany, Japan, Mexico etc, because you may yet see in your lifetime when you will be able to trade in $100.00USD for $0.10 NEW-US dollars and if you have been schlepping burgers at the arches or greeting folks at the door at Walmart you WILL have nothing to trade.
Make your money NOW, buy things of value like real estate NOW before it is too late.
Has anyone ever told you that putting your money in the bank, in an attempt to save some of that hard earned cash is a waste of time? That your batter off tucking it under your mattress or throwing it out the window.
Why? Because a former President decided that we had no longer had a need to be able to convert out dollar into gold or silver. Because of that single act our money is now just worthless paper that the Federal Reserve (which is privately owned) can print at will, lend to our government and charge interest on!
Inflation and interest have combined to make the GROSS income taxes collected annually insufficient to pay the interest accrued every year on the national debt! The hole just keeps getting bigger and deeper every year.
How does this affect you and your attempts to save? It means that while inflation grow every year you have less and less buying power with which to live.
Remember gas at $1.24?, smokes for $0.93 a pack? How about a 6 pack of beer for $1.80 It wasn't that long ago.
Once the dollar hits a certain level of top heavy inflation versus value, the money has to be restructured. Learn from the past, Germany, Japan, Mexico etc, because you may yet see in your lifetime when you will be able to trade in $100.00USD for $0.10 NEW-US dollars and if you have been schlepping burgers at the arches or greeting folks at the door at Walmart you WILL have nothing to trade.
Make your money NOW, buy things of value like real estate NOW before it is too late.
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Comments (4)
Udo Hoffmann14
Erudite polymath
Gold is WAY to high.. do NOT buy! The way to make money is to buy "low" and sell "high" not buy "high and hope to sell higher"
As for the federal reserve... It is the richest private industry in the world... you will never be able to get rid of it :(
Jesse Lyons3
Media Arts Student
The Federal Reserve has to go. Since it's inception in 1913 our money has plummeted at an astronomical rate. What we need more than anything is to return to a credit system like our Constitution allows us to have.
Richard Wenzel2
Very Informative
Richard Kennedy4
Your right but gold is on the decline so buy now and if you can afford it buy platinum.
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