At its root, money is a means by which we exchange real value. Without real value in the world, money is nothing. As we have seen, it’s the real world that makes the loan, not the bank. We the people, in conjunction with the material blessings of the natural world are the source of all real wealth. Therefore money creation and its benefits belong to the public, not to private bankers.
I have here a coin which is 1 Argentine peso. This will buy you, well it’ll hardly buy you a bus trip in downtown Buenos Aires. And yet if I were to go to 1970 – in 1970 this little coin would have purchased you Argentina 4 or 5 times after another. Why? Because since January of 1970, we have undergone 4 major monetary changes where they’ve knocked off zeros on our currency. Thirteen zeros to be exact. So this would be worth 10 trillion pesos from that time and 10 trillion pesos at that time would’ve bought you Argentina 3 or 4 times over. That’s inflation. Actually that’s hyper inflation. So when we hear about your inflationary concerns and everything, we’ve seen that, we’ve done that. We’ve been through the whole thing.
Federal Reserve Prints Another $1 TRILLION – UN Recommends Dumping U.S. Dollar As World Reserve Currency
The Federal Reserve is one again stepping up efforts to save the U.S. economy announcing that it will pump and extra $1 TRILLION dollars into the U.S. financial system by purchasing treasury bonds and mortgage securities… While this may bring a short term jolt, many critics say that printing money, vast amounts of money out of thin air will bring disastrous consequences. More specifically hyperinflation and the plunge of the U.S. dollar. Many experts have gone on record saying the U.S. monetary policy has past the point of no return when it comes to printing money. So Americans may eventually one day may have a stash of cash at home, but if you go to a store and bread costs $10-$20 what is your money really worth? And if anybody has any doubts over the severity of hyperinflation look to Germany in the early 1920′s. At that point paper currency had lost so much value that people were literally burning it in furnaces to stay warm. The problem and severity of this situation cannot be underestimated.