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America: BANKRUPT And On BORROWED TIME

Thursday, April 23, 2015 14:49

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Thomas Jefferson is credited with the following sage advice, “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin.

And so it seems sometimes the answer is right in front of us all along and we just fail to see it.

We hear a lot of talk these days about inflation. For decades the western world has been misled about a necessity for inflation to grow an economy. This is entirely false.

Inflation has no relevance to economic growth; inflation is a depressive force on an economy and it can only come by way of increased money supply,” says First Rebuttal.

We know that dollar inflation has been approximately 2400% since 1913, 2000% of that devaluation
coming subsequent to 1971 when Nixon
moved to a pure fiat currency.

“For inflation to occur demand for a given currency must decline relative to its supply. This can happen if consumers lose faith in a currency and thus demand less of it, or by governments increasing supply without proportional increases in demand.

The latter is exactly what we’ve seen over the past 100 years but to such a grotesque degree over the past 8 years that it may have actually shattered the foundation of the economy of which it was driving. This is precisely the chain reaction that Thomas Jefferson had warned us would result from a private central banking system.

Once the economy is broken an epidemic of resource misallocation leads to an immense narrowing of income distribution, ultimately paralyzing the velocity of money; the result being an income-less society save for an elite slice.

It seems then, that Jefferson’s prediction is theoretically sound, but let’s see if we can find any empirical evidence to either support or refute his cautionary message.

We know that dollar inflation has been approximately 2400% since 1913, 2000% of that devaluation coming subsequent to 1971 when Nixon moved to a pure fiat currency.

We can see in the next chart that inflation is directly linked to money supply, which has seen around 1700% increase since 1971.”

The Fed says we don’t have enough inflation. They want ………read the rest of the story at GramsGold.com

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