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Saturday, December 14, 2013

200 Years Of Dollar Debasement

Everyone has seen the 100-year US Dollar destruction chart; so here is the 200-year... a century without The Fed and a century with... which would you prefer?

Newton’s 3rd law states: To every action there is always an equal and opposite reaction. Sounds pretty simple right?

Except in Government, where for every action, the reaction seems to produce catastrophic consequences for such action. Yet inexplicably, the answer these days to everything seems to be more Government intervention and meddling. You would think that at this point we would have learned from our prior mistakes. Yet the meddling goes on and on and on….because it works so well.

Have you ever considered the true cost of all of this intervention? Think about it. Since the creation of the Federal Reserve in 1913, we have been in perpetual warfare, we introduced the New Deal which birthed Government programs, we eliminated the gold standard, we flooded the market with massive credit expansion, we accumulated massive amounts of debt and have now seen the Government take over 20% of our economy through healthcare. As if all of the prior interventions were not enough, in just the last 5 years, we have had shovel ready, bank bailouts, trillion dollar stimulus, QE 1,2,3,4, operation twist, unemployment benefits extended, car bailouts and crony capitalism that threw good money after bad. What we have gotten is more of the same. More debt, more political posturing and the complete destruction of the dollar and the purchasing power of it. With it, no one is accountable. Not the Government, not the banks, not the private companies but the citizens whose burden it has become to fund all of this intervention.

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4 comments:

  1. What will the Tea Party do? Boener finally admits that they are Crazy......

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  2. And what's really funny (not at all) is that most of the sheeple think they pay taxes towards services, government salaries etc. WRONG. Really our taxes pay off the interest on the bailout loans and all the other 1,000 ways the Federal Reserve has figured out to screw the public via our government...

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  3. And an average of $3 goes towards food stamps so poor kids can eat... That's horrible isn't it

    ReplyDelete
  4. Most people really do have no clue what their taxes go toward, that's horrible and true

    ReplyDelete

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