"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
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