The United States is no longer the land of the free. Americans live in a system with literally millions of unnecessary government regulations that have destroyed the free market and sent millions of well paying jobs over seas. Americans today are constantly watching their speedometers and trying to conform to every little rule, yet their are so many rules that it’s impossible for even the most honest and hard working Americans not to be breaking some type of law on a daily basis.

NIA has just learned that if you buy a new Toyota at a dealership in San Diego, the sales transaction is now video taped in order to satisfy a requirement of Homeland Security which they claim is to prevent the laundering of drug or terrorist money.

If you are driving on a New York state highway and pay your toll with a denomination of over $20 the New York State Thruway Authority collector must collect your license plate number and report you to the Department of Homeland Security.

The U.S today is experiencing a merger of state and corporate power. The average small business owner in America is being squeezed by government forcing Americans to rely on a select few corporations who have all the wealth and power.

“If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny.” -Thomas Jefferson

Politicians don’t have anything to give. They can only take. They can only take and give to others. It’s like a politician saying they can create jobs. They don’t create jobs they just take money from one group of people and pay another group of people. Politicians cannot create jobs. American innovators, business creators, entrepreneurs with the lack of red tape not more red tape. Deregulation not more regulations. That’s what will create jobs in this country.

The age of pharmaceutical microchipping is now upon us. Novartis AG, one of the largest drug companies in the world, has announced a plan to begin embedding microchips in medications to create “smart pill” technology.

The microchip technology is being licensed from Proteus Biomedical of Redwood City, California. Once activated by stomach acid, the embedded microchip begins sensing its environment and broadcasting data to a receiver worn by the patient. This receiver is also a transmitter that can send the data over the internet to a doctor.

The idea behind all this is to create “smart pills” that can sense what’s happening in the body and deliver that information to the patient’s doctor. Novartis plans to start microchipping its organ transplant anti-rejection drugs and then potentially expand microchipping to other pharmaceuticals in its product lineup. This same technology could soon end up in pills made by other drug companies, too.

“If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn’t have, as banks can do….. Only commercial banks and trust companies can lend money that they manufacture by lending it.” – Professor Irving Fisher, economist in his book 100% Money (1935)

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” – John Kenneth Galbraith economist, author

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton (1834-1902) English historian

Maybe your first experience of putting money in the bank wasn’t quite as heartwarming as this. But odds are, years later, you still refer to the balance showing on your bank account as being your money in the bank. But it isn’t.

If we have a deposit box at the bank, the valuables we put in it are still ours. We’re just renting secure space to store them. In common usage, the word “deposit” means to set something down. But the use of the word deposit to refer to a bank account is misleading. A bank deposit is in reality… a loan. What the amount in our bank account really indicates is how much money the bank owes us. It is a record of the bank’s promise to pay us money, not the money we deposited itself. The difference is important. The truth is, when we hand the contents of our piggy bank to the bank teller, our money becomes the bank’s money to do with as it pleases. All of the money in the bank is the bank’s money. None of it is ours. That’s why the bank pays us interest. We have loaned the bank our money.

This may seem to be a semantic distinction. We know we can go to the bank at any time and take our money out in cash if we want to. But the distinction is not semantic. Nor is it trivial. The distinction is crucial. What happens in banking affects everyone and yet few of us know anything at all about how banking really works. The entire world economy now runs on a system of credit provided by banks. And when that credit system breaks down, everyone suffers.

To make things worse, the explanations for these breakdowns offered by the experts never look at the root cause… namely that, other than cash and coins, which make up just 1-5% of money in circulation, all the money in existence today was created as the principal of a bank loan, with the banks requiring principal plus interest as so-called “repayment”. Not only does this make the existence of money entirely dependent on the existence of bank credit, it makes the system as a whole bankrupt by design, as total debits, principal plus interest exceed total assets, from the moment the first loan document is signed.

As the global banking system staggers towards worldwide collapse, more and more people are realizing they can no longer ignore the realities behind banking as it is practiced today. Many have lost their homes and jobs due entirely to the unsustainable practices of moneylenders. It is time people understood money and the pressing need to fundamentally change the way it works. Clarifying what the words used in banking really mean is the first step. Now that we know that a deposit is, in truth, a loan to a bank, the next question is … what is a loan that we take out from a bank?

When we sign for a loan, we give the bank a pledge to pay the amount of the loan plus interest. In return, the bank credits our account in the same amount as this so-called loan. While we speak of the bank as having put the loan money into our account, in reality, the only thing the bank puts into our account is its promise to pay the money.

What has actually happened is an exchange of promises. Neither party has delivered anything to the other, except matching pledges of debt. So, who is the borrower and who is the lender? The terms loan, lender and borrower are all misleading. The truth is that the two parties have traded promises to pay, and in the process created something called “bank credit” or “checkbook money” that can be legally spent as money.

Bank credit can be spent because we, in our innocence, notice that, each time we deposit into our account, it increases our balance by the same amount. In fact, unless we put something in, our account will be empty. Thus it’s a natural assumption that money in an account is money someone put in. Uh-uh. The account is a promise to pay, not the money itself. In fact, a promise always indicates the absence of the item promised. Otherwise why does it need to be promised? Now, because all bank accounts are just promises to pay, the bank and the borrower can simply exchange promises and, in the flash of a few keystrokes, a positive balance appears in the borrower’s bank account without anyone putting existing money in.

Now you know the real source of what we call a “bank loan”.

“Commercial banks create checkbook money whenever they grant a loan, simply by adding new
deposit dollars in accounts on their books in exchange for a borrower’s IOU.” – Federal Reserve Bank of New York, I Bet You Thought, p.19

How different would it be if two parties just got together in a basement with a printing press and created new money that way? We intuitively understand the act of fraud called counterfeiting. In printing fake $100 dollar bills, the counterfeiters also create new money out of thin air.

Money gives us the ability to purchase the real goods & services of the world. It’s clear that the counterfeiters have created new ability to purchase real goods & services without giving anything in exchange… except a fancy piece of paper. Counterfeiters get something for nothing, directly at the expense of whoever gets caught with their counterfeit money. And if the counterfeit money is not discovered, it dilutes the money supply, stealing from everyone. Counterfeiting is a serious crime and it is easy to understand why. It’s cheating on a basic social agreement… Thou shalt not steal.

But, taking a loan from a bank also creates new purchasing power. However, instead of being considered a form of theft, it is the very basis of our monetary system. How did one form of creating money out of thin air become a crime, and the other become standard business practice and the source of almost all our money? For this is what has happened.

To understand how, we need to look at the history of the laws governing commerce, but before that, we need to understand the logic of the loan process itself.

The borrower wants to purchase an item but doesn’t have the funds to do so at the present time. However the borrower does have confidence in having sufficient funds over time to pay both the original price of the item and the interest on a loan. So he goes to a bank to arrange a loan. The borrower is capable of making a credible promise of money in the future, but otherwise, at this moment, he comes with empty pockets. That’s why he needs the loan.

We’re probably all familiar with what happens next. The bank gets the borrower to sign an agreement in which the borrower promising to pay the bank the amount of the loan plus interest or, in default, surrender to the bank the object that is to be purchased with the loan. This is done countless times every day all over the world, but there’s a problem. How can the borrower pledge as collateral something that the borrower does not yet own? If I wanted to borrow $10,000 from you to go on a luxury cruise to Europe, would you accept my
neighbour’s car as collateral?

Of course not, because you know very well that I have no legal right to give you my neighbour’s car no matter how much I owe you. But, if instead, I promise to buy my neighbour’s car with the $10,000 you lend me, the situation is different. You might agree to lend me the $10,000 believing I will buy the car and will pledge it as collateral for the loan once I obtain legal title to it. However, until the transaction is completed, your $10,000 loan cannot be secured by title to the car. This sequence of events problem could be very simply avoided. You could buy the car and then sell it to me.

The bank could do it this way too. If the borrower commits to the bank to buy the item, why doesn’t the bank just buy it with its own money and then sell it to the borrower on time payments at interest? Well… the answer to that question is also very simple. It’s because the bank, like the borrower, has come to the transaction with empty pockets. The bank fulfills its part of the so-called loan transaction by creating an “account” for the borrower. The truth is… the so-called borrower has funded his own account by fraudulently pledging a car he does not yet own, as collateral. And the bank, the so-called lender, hasn’t put up any existing money at all…and, if all goes well, it never will.

Hello, my name is Adrian Salbuchi and I’m speaking to you from Buenos Aires in Argentina. Everybody seems to be talking about the global financial crisis. But I want to show you, based on our experience here in Argentina, that there is no global financial crisis. What you are suffering, the First World, is an irreversible global systemic melt down. There’s no way of saving it. You might think, well this is a little bit exaggerated, but I want to show you, based on our experience, perhaps we know better.

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.

The whole global financial system is a ponzi scheme. And I’m going to show you how this works. First side of the global financial pyramid. Planned monetary insufficiency. The real money in every country – United States, Argentina, Brazil, Britain… Real money is the money that is issued by the state. In other words real “hot money” let’s call it that way, legal tender. Which in the United States is a funny sort of money because it’s issued by the Federal Reserve Bank. And the Federal Reserve Bank is a private entity. Let’s say central banks issue the real money. The dollar bills, the euros, the Argentinian pesos and so forth. The whole system is planned in such a way that there is never real money for the needs of the economy.

There enters the second side of the pyramid. Since there is not sufficient public money, that is replaced, or that is substituted by private money. In other words, the private banking system exerts sufficient control over the state and over the central bank, over the Federal Reserve System, as to guarantee that it will always issue insufficient amounts of money. And in comes the private banking system saying ‘Mr. individual, Mr corporation, Mr. government… you need money? No problem. We’ll give it to you.’And that’s when the banks come out with the fractional reserve system and charging huge amounts of interest. Whereby for all the loans that they make, tey make huge amounts of money. That’s the second part of the pyramid. Replacing real money, with funny money. In other words banking money, Which grows at an exponential rate because it grows based on the fractional monetary system, the fractional banking system.

The third side of the pyramid.Do everything by debt. Consumers are always indebting themselves. Do everything with a credit. Do everything with a loan. If an individual wants something, no problem have it on credit. If a corporation needs to build a new headquarter or a new manufacturing assembly line, no problem. Do it on credit. If the government has to do something in Argentina, the United States, no problem. Just get yourself nicely indebted with all the major private banks.

And you have now a situation where, in the United States for example, the government owes over 10 trillion dollars, that’s your debt indebtedness. Corporations owe about 9 trillion dollars. Individuals owe about another 9 trillion dollars. my country Argentina, the state is indebted over 350 billion dollars and our individuals are also indebted. Everybody’s indebted. Everywhere in the world. Individuals, corporations, states… Everybody owes money. And the key question is owes money to who. Why is the entire planet indebted to somebody?

And the forth part of the pyramid is the one we Argentinians are experts on. And I will call it privatizing the profits, socializing the losses. Because since the whole thing is a model, that model can be predicted how it will react, we know that when this ponzi scheme is growing there’s money all over the place. There’s easy loans, easy credit – “everybody” makes money. And when this is growing, the whole system is planned in such a way, that the channels for the huge profits will go to the private bankers. It will go to the private shareholders. It will go to all the people that they want it to go to. When it gets to a point where this is just going to explode, as happened to you (U.S.) on September of 2008, the whole thing starts collapsing, a new set of channels is activated. And all the losses are socialized. Just as the profits were privatized to the people they wanted to privatize them to, when the whole thing blows down and starts imploding and collapsing, that is socialized by taxpayer bailout plans or via the Federal Reserve issuing trillions of dollars of fake money, which means the entire planet is paying for it.

If you are still smarting from the economic collapse in 2008, you’d better buckle your seat belt Dorothy, because Economic Armageddon is coming and the MSM (main stream media) is not talking about it.

A handful of patriots are voicing the issue, but no one is listening.

There are events unfolding and some yet to unfold that will leave you wondering how you are going to survive.

The mortgage problem, the unemployment problem, the shipping problem, the Afghanistan surge problem, etc.

A Perfect storm is brewing and nobody seems to care.

Add to it, the Biden, Powell, et. al. prophetic words of an impending or potential (almost certain) “terrorist” attack and you’ve got a complete and total Collapse (with a capital C) of the economy.

We’re talking destitute Americans in the streets. No money, no food, no homes, no employment…

California which represents 1/3 of the US GDP is talking about issuing I.O.U.’s. Imagine calling your bank and saying, hey, all I have this IOU from the state, can I pay my mortgage with it?

I’m trying to connect the dots, but you need to read the information.

Hopefully you will arrive at the same conclusion before it’s too late.

Shipping rates hit zero as trade sinks

“Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October…It has spread to core trade of finished industrial goods, the lifeblood of the wold economy.” Telegraph.co.uk Jan. 15, 2009

“A report by ING yesterday said shipping activity at US ports has suddenly dived. Outbound traffic from Long Beach and Los Angeles, America’s two top ports, has fallen by 18pc year-on-year, a far more serious decline than anything seen in recent recessions.

‘This is no regular cycle slowdown, but a complete collapse in foreign demand,’ said Lindsay Coburn, ING’s trade consultant.” Telegraph.co.uk Jan. 15, 2009

If that doesn’t make you shudder, then I suggest you go back to watching American Idol, or whatever mundane task you were doing, because you just don’t get it.

It means goods are not being shipped, think empty store shelves, because that’s what is next.

Adjustable Rate Mortgage Loans

“According to Huxley Somerville, a director at Fitch Ratings, $29 billion of these loans will reset by the end of 2009 and another $67 billion in 2010. The drastic increases anticipated on each loan are expected to cause delinquencies to more than double.” Motley Fool

The Coming Tsunami

The Mortgage problems are not over yet. If “Revelation” of the Subprime mess shook the Dow from 13,028 in June to a bottom of 7,552 on Nov. 20, 2008, what kind of effect can we expect from the ARM, ALT A, Agency loans that will start resetting in 2009?

Citi exposed to $60 billion in subprime loans – may need more cash.

“I would argue that the $18.3 billion in Alt-A loans are just as suspect and dangerous to the company as the subprime loans. While many subprime loans are made to homeowners with bad credit, the Alt-A loans were made to specuvestors with little or no documentation that will be unable to afford the new mortgage payments when these Alt-A loans reset or recast in the near future.” Huliq News

And that’s just Citibank. When are Fannie & Freddie, Bank of America, Wells Fargo and others going to announce?

What about the Investment Banks that are still stuck with these loans? What about the US Government who took out interests in Fannie, Freddie and others in the bailout, or as I like to call it, the “sellout” (as in, “of America”)

And NONE of this includes commercial properties/loans. Not one word from anyone, except one person and I can’t find his information.

How much exposure do the American People have in the Commercial market? No one knows.

Unemployment at 16-year high

In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points. Bureau of labor statistics.

Add to that, the Federal Reserve’s audacity to deny disclosure of nearly $2 Trillion dollars. As determined by the court, and I’m paraphrasing, that (bold) We the People are not party to what the Federal Reserve (a private corporation) does with its money.

Suddenly, conspiracy theories start to play themselves out…

North American Union
Civil Unrest
Martial Law
One World Government…

Sadly, I do not have a solution. I do however subscribe to the ideas that Peter Schiff and Ron Paul and other brave patriots have stated.

*Let the economy fix itself
*Stop printing money
*Let’s return to the Gold Standard
*Merge the Fed with Treasury (an Actual Government Entity)

You’d better be ready. Start preparing and don’t get caught in the downdraft.

The fact that shipping hit Zero in Europe means you’d better start stocking up on essentials.

We conspiracists have been telling you for months.

These are my opinions.

New York, New Jersey, Michigan, MA, TN, and many other states are depleting or have depleted Unemployment funds.

States are asking the Federal Gov for a Bailout. ($1 Trillion)

Obama asked for $875 BILLION plus the $300 Billion from TARP.

“The president-elect would devote 40% of the $775 billion to give taxpayers a break, but his party is urging him to put more into roads, bridges and other projects.” L.A. Times

That’s right, Democrats don’t want you to have tax breaks, they want to give it to big companies and government to “build” our infrastructure. You know, eh hmm, their friends.

Any guesses as to who might get a lion share of the contract (s)?

Halliburton and KBR

Halliburton announced that it would relocated it’s Texas based World Headquarters from Texas to Dubai. It will still maintain a corporate US office in Texas, but the CEO is moving UAE. (ABC news 03/11/2007)

Halliburton is no longer an American company, but they will probably get the contract, along with KBR.

The Federal Reserve is Printing More Money, thereby increasing Our National Debt. If you add up all debts and liabilities, it adds to about $53 Trillion (look it up).

Yet, Executives are getting Bonuses

And Nobody is disclosing where the money is.

* AIG ‘Retention Pay’ Rises to $619 Million

* Detroit CEOs to Get $1 Per Year? Not Quite. (see story)——>

* Morgan Stanley, which has received no less than $10 billion in bailout funds, paid out $2 billion in bonuses this year, according to The New York Times.

* Goldman Sachs, another beneficiary of billions in TARP funds, reportedly rewarded some employees with $200,000 cash bonuses.

* Members of the US Congress started 2009 with a 2.8 cost of living increase ($4,700 for 535 members) which amounts to about $2.5 Million.

” ‘ All 2.7 million federal employees receive a cost of living adjustment most years, which this year has been set at 2.8 percent for members of Congress and other senior federal officials, and 3.9 percent for rank-and-file employees,’ said Congressman Mike Thompson.” Lake County News

Bank of America just got a $25 Billion infusion, on top of the $15B from October. But they still plan on FIRING 35,000 employees.

BA stock went from $38 on Oct. 1, 2008 to $7 as of Jan. 16, 2009.

Do you remember the Secret FISA meeting from Mar. 13, 2008?

What was discussed?

There are several videos, but here is the list:

1. The Imminent Collapse of the US Economy to occur sometime in Late 2008.

2. The Imminent Collapse of the US Government Finances to occur sometime in Mid 2009.

3. The Imminent possibility of Civil War inside the US as a result of the collapse.

4. The Advance Roundups of insurgent US Citizens who are likely to move against the Government.

5. The Detention of those rounded up at Rex84 camps constructed throughout the US.

6. The possibility of public retaliation against members of congress for the collapse.

7. The Location of safe facilities for members of congress and their families to reside during this massive civil unrest.

8. The Necessary and unavoidable merger of the United States with Canada and Mexico establishing the North American Union.

9. The issuance of a new currency called the Amero for all three nations as an economic solution.

The so called royal family which triumphed is basically German. They are seated on almost every throne in Europe. They are the Saxe-Coburg-Gotha- Battenberg bloodline, which often inter-marries with the Hesse-Cassel German nobility and claim Jewish decent from the royal house of David in ancient Israel. They raised their children without love or compassion, breeding each successive generation to be at the head of a military establishment, who keep an angered peace by use of fear, surveillance, and war.

Prince Harry’s Grandfather attended the Schloss-Salem School in Germany which was managed by NAZIs. The Duke of Edinburgh’s sisters married senior NAZIs. Prince Bernhardt of the Netherlands wore a NAZI uniform throughout the whole of the second world war. He worked for IG Farben who manufactured Zyklon B Crystals which killed millions.

By the 1600′s the thrones of Europe were mostly occupied by Germans, which had super wealth, earning vast profits from peasant labor, outright slavery, and the international opium trade.

This Germanic family Saxe-Coburg-Gotha, the Schleisweg-Holstein, Habsburg, Romanov, and house of Cassel-Hesse share the same tiny genetic bloodline.

In Medieval Britain, Dr. Jon Dee, was consulted regularly by Queen Elizabeth I. At the British Museum in London, we see the dark mirror which Jon Dee used to see, or scry, the faces of spirits. Dee’s ability to communicate with the spirits, led him to be employed as a spy, developing psychic espionage techniques which we now call remote viewing. Jon Dee attended Trinity College in Cambridge, which became a place where occultists and the world of spies were intertwined. Aleister Crowley, who also attended Trinity College, in 1904, he wrote an ancient introduction to a book of spells called the Goetia. Soon after, Aleister Crowley followed the steps of Jon Dee and worked as a spy for her majesty’s secret intelligent service MI5 (MIV). In Medieval Britain anyone found communicating with spirits was in danger of being arrested by the many inquisitions organized by the Vatican. The costumes and wickedness of the Vatican’s inquisitions would later be copied by the Klu Klux Klan in the United States. They used the so called ‘earth solute’, which was originally devised by members of the Victorian Secret Societies known as the Golden Dawn. Hitler would also use the same salute and drop millions of leaflets quoting prophecies of Nostradamus, to create a global NAZI superstate.

After WW2, the NAZI Prince Bernhardt of the Netherlands continued the plan to build a Royal-German SuperState…He presided over the first meeting of the Bilderberg Group…The Bilderberg Group continued Hitler’s plan and created a Royal-Germanic European SuperState.

King Solomon ruled ancient Israel in the year 970 to 928 B.C. Satanist, occultists, and Freemasons worldwide venerate the memory of King Solomon who owned a magic ring engraved with a symbol called the Seal of Solomon. This gave him power of the invisible monarchy of demons. This Seal of Solomon is better known as the Star of David. It is this symbol which is encoded into the one dollar bill. It is also the flag of Israel.

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.

Now the purpose of the Federal Reserve system really is to protect the large member banks from competition and to preserve their profit margins. And as we’ve seen in late, when some of the banks get into trouble, the purpose of the Federal Reserve system comes to the fore which is to pass on the losses of the banks to the taxpayers.

What’s the purpose of this secrecy? Because when you look at the list of these people who went, they were the money trust. They were the representatives of the banks – the J.P. Morgan, the Rockefellers… they represented Kuhn, Loeb & Co. They had connections, business relations with the Warburgs in Germany and the Netherlands and the Rothschilds in England. This was the Money Trust. Not only of the United States, but of the world. These are the people who created the Federal Reserve system, supposedly to break the grip of their own power. So now had that fact been known, who these people were that were drafting the Federal Reserve system, the trick would have been exposed and the public never would have adopted the Federal Reserve Act…

You and your family are going broke right now and you don’t even know it. When the gold standard was set in place, the price of gold remained a constant $20.65 per ounce. And this price fluctuated only one penny over the years 1833 to 1890. That means that for 57 years the U.S. dollar was literally ‘as good as gold’. And that’s what the United States currency was designed to be from the very beginning. The Constitution states that our currency was meant to be only gold and silver to prevent exactly what’s happening to the u.S. dollar right now. From the years 1891 to 1930, the price of gold per ounce was still very stable. The low was $20.58 per ounce, and the high was $21.32. And this means that between the years of 1833 and 1930, for a total of 97 years, the price of gold changed in U.S. dollars only $.74 from top to bottom.

Since the Feds creation, we’ve been slowly going off the gold standard. Until finally on August 15, 1971, President Nixon, one of the worst Presidents in our Country’s short history, announced the United States would no longer redeem U.S. currency for gold. And this was the final step in abandoning the gold standard. What is important is to visually see the devaluation of the U.S. dollar since we were taken off the gold standard. Keep in mind, the price of gold really doesn’t go up or move, it has historical value. It is extremely consistent. So instead of seeing this as the price of gold going up, you need to see this as the value of the dollar dropping like a rock.

…if you wanted to buy a brand new Corvette convertible in 2008 it would cost roughly $55,000. So in gold, that’d be roughly 60 ounces of gold, at the spot price of $930 per ounce. So the time when gold was $930 you could basically take 60 one ounce gold coins, cash them in, and buy that very same car. Inversely, if you remove inflation and the devaluation of the dollar, as if the U.S. currency were still attached to the gold standard as it was originally intended when this country was founded, that same car being bought with the same 60 ounces of gold would have a gold standard value of only $1,200. Or the same 60, $20 one ounce double eagles.

Back in 1964 and earlier, a quarter would buy you roughly a gallon of gas. This is because the quarters made in 1964 and earlier were made of 90% silver and 10% copper. So the spot price of silver being $17.20 an ounce, this makes that quarters actual value $3.11. So you can see that same 1964 quarter will still buy you roughly a gallon of gas today. And in case you were wondering, it takes about 5 1/2 silver quarters to make up a full ounce of silver.

This is a fact. The price of gold may fluctuate with the value of the dollar. This doesn’t change the fact that precious metals, such as gold and silver, have maintained their value throughout time. And the only thing that changes is the value of the currencies that are not ties to gold and silver. This is what the founding fathers warned us about and tried to prevent from happening with the Constitution.

What people need to understand is the excess printing of the United States currency is just another tax on the American people. It takes the value of the dollars that they have and makes them worth less in the long run. Meanwhile you’re still making roughly the same amount of money. Yet, the prices of everything, from gas to milk, are going up constantly when in fact nothing is really going up in price, it’s the dollar’s actual value that’s been dropping, and not prices going up.