Inflation is nothing more or less than the result of the buying power of our (fake) paper-dollars going down.
Once upon a time, paper dollars could readily be (and often were) exchanged for real silver dollars at any bank. That is because the paper dollars which we used back then were in fact, certificates which represented one dollar in silver coin.
As RW pointed out, that stopped during the (D)presidency of LBJ, or to be more precise, it was first instigated in 1965 when LBJ signed the Bill which ushered in the beginning of the end of silver money. Then a scant few years later, another Bill was signed by our then (R)President, Richard Nixon which effectively put a stop to the gold standard as well.
It didn't take long after all of that for inflation to begin in earnest, and it's happened just as the first chart posted by Jimbo illustrates. In other words, the gold and silver certificates which we once used as money had real value, so it didn't take many of them to buy something. By contrast, today's paper-FRN has no real value aside from the amount of debt it represents, which to date is what?..some 10-20 TRILLION dollars?...hence the 60-70 thousand dollar pick up truck.
Bottom line is that we've been robbed, and it wasn't a one-party endeavor. Fact is, many administrations have come 'n gone since then, both R's and D's, yet not a one has sought to do anything which would rectify the situation. In fact, both parties have done nothing but become willing co-conspirators in what will surely go down in history as the greatest theft (and the resulting enslavement) ever perpetuated against a People.
And all this time, you thought it's simply been a matter of balancing a budget so a debt could be re-paid, eh? :lol: :lol: :lol: ......well, my question to anyone who really believes that is this:
Given that all of the gold coins (and certificates) which were stolen from our Grand Parents was transferred to the FED, and given that all of the silver coins (and certificates) which were stolen from you, I and our Parents was also transferred to the FED, and given that the debt owed to the FED is already valued in more dollars than has ever been known to even exist.....where do you plan to get the money from?.....'cause there aint any money, 'cause the FED has already stole it all.
And BTW, in today's world "balancing the budget" don't mean that we're suddenly going to operate with the money we have on hand, 'cause (again) we aint got any money. What it really means instead, is that if we try hard enough, we MIGHT find a way to NOT continue raising the debt-ceiling every couple of years. On the other hand, given that inflation never sleeps, the simple fact is that the continued use of our ever-devaluing FRN-dollar will prevent even that from becoming any sort of viable possibility. Leastways, not for long.
You guys chew on that a while, and then get back with me on which party has been the good guys in this scenario....because frankly, I haven't seen any difference in either.
DGW
