Many Americans are experiencing the burdens of inflation, ever since our Government nullified the convertibility of our currency to gold coins in 1930's, currency became inconvertible to silver in 1965; then took us off the gold standard in 1971.
Inflation is caused by the increasing of the money supply. Some members of Congress have been pushing to raise the debt ceiling repeatedly, they even entertained the minting of a Trillion dollar coin to meet obligations. Don’t believe the Government when they tell you they didn’t increase taxes. Inflation is the most insidious tax of all.
Germany had hyperinflation as a result of forced reparation payments from the Versailles Treaty to France after WW I. At the height of Germany’s inflation it took a wheel barrel of Marks to buy a loaf of bread.
Inflation steals money from American bank accounts and pockets by eroding our purchasing power; though not apparent to most people usurping governmental transparency. Americans are feeling the effects of inflation through rising food prices, gas prices, and numerous consumer products.
Inflation is caused by the Federal Government, since the Treasury Department and the Federal Reserve collaborate through the creation of new fiat money, primarily Treasury Securities and currency.
The goal of the Socialists and Communists are clear, they seek to impoverish everyone and create a one class system. This actually existed during the first century when the Apostles and Disciples of Christ collected their goods and divided them among each other. This had more to do with communism than you would think. Inflation is immoral.
John Maynard Keynes stated it perfectly, “By the process of inflation governments can confiscate, secretly & unobserved, an important part of the wealth of their citizens. By this process, not only do they confiscate, but they confiscate arbitrarily, and while the process impoverishes most, it actually enriches a few…”
John Maynard Keynes, at the Paris Peace Conference 1919, the “Father of Deficit Spending”
In George Orwell’s book 1984, he refers to the doublespeak that the Government used to control the minds of the American people. Big Brother states in the book 1984 to paraphrase, “We are increasing your candy rations from 5 candy bars a month to 3 candy bars a month and the people applauded.”
The first leader to debase his Government’s coinage was the Emperor of Rome, Nero. Nero devalued the silver coins by decreasing the fineness of the silver in its coins and punching a hole in the gold coins.
How many people do you hear “applauding” after the reevaluation on their home? Many think their home is worth more because the tax man says so. Your home isn’t worth any more than before the reevaluation, it provides a utility, your home keeps you warm and dry.
John Maynard Keynes again, “ There is no surer, no subtler means for overturning the existing basis of a society than to debauch the currency.The debasement employs all the force of economic law on the side of destruction, and it does so in a way not one citizen in one million is able to diagnose.”
“Asking the government for statistic on inflation is like asking the Mafia how much money they made from drug-dealing, prostitution, and loan sharking.” Anonymous
If the USA were to go back on the gold standard the price of gold per ounce would approximately be between $9,000 and $15,000 an ounce, based on the amount of fiat money created and prospective gold reserve percentages. Source: Sprott Money Blog.
Coin collectors know that a coin has numismatic value when a coin has a higher value than its metal content. You may have your coins graded, certified and encapsulated by one of the leading coin grading companies, Professional Coin Grading Service, PCGS or Numismatic Guarantee Corporation, NGCCoin.
Your hedge against inflation is to buy silver and gold coins. You can do business with the United States Mint, a local coin dealer, or on the internet from your home, Ebay, Heritage Auctions or GreatCollections.
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