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200 Years Of Dollar Debasement
Everyone has seen the 100-year US Dollar destruction chart; so here is the 200-year... a century without The Fed and a century with... which would you prefer?
Via Ralph Dillon of Global Financial Data,
Newton’s 3rd law states: To every action there is always an equal and opposite reaction. Sounds pretty simple right?
Except in Government, where for every action, the reaction seems to produce catastrophic consequences for such action. Yet inexplicably, the answer these days to everything seems to be more Government intervention and meddling. You would think that at this point we would have learned from our prior mistakes. Yet the meddling goes on and on and on….because it works so well.
Have you ever considered the true cost of all of this intervention? Think about it. Since the creation of the Federal Reserve in 1913, we have been in perpetual warfare, we introduced the New Deal which birthed Government programs, we eliminated the gold standard, we flooded the market with massive credit expansion, we accumulated massive amounts of debt and have now seen the Government take over 20% of our economy through healthcare. As if all of the prior interventions were not enough, in just the last 5 years, we have had shovel ready, bank bailouts, trillion dollar stimulus, QE 1,2,3,4, operation twist, unemployment benefits extended, car bailouts and crony capitalism that threw good money after bad. What we have gotten is more of the same. More debt, more political posturing and the complete destruction of the dollar and the purchasing power of it. With it, no one is accountable. Not the Government, not the banks, not the private companies but the citizens whose burden it has become to fund all of this intervention.
With the backdrop of other Governement ventures like the USPS and Social Security Administration, what can possibly go wrong with our latest intervention Obamacare? Whether you are for or against it, you have to recognize that this is and will be the mother of all Government interventions. With a horrific rollout, low enthusiasm and a general public that is either unaware or just ignorant to what is truly coming down the pipe, we can only hope that this time it will be different. But consider, that for every word that defines Obamacare, there are 30 more words that enforce it. With 109 new regulations and counting, you have to wonder if this monstrosity of intervention will finally be the straw that breaks the proverbial camel’s back. It surely has the making for it because we have never seen anything like it.
Cost since 1913? Well, the dollar has lost nearly 90% of its value and the purchasing power of that dollar has been eroded considerably.
Below is a chart that demonstrates the destructive quality of Government intervention to 1819:
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it is hard to judge how to award a nobel prize in economics. but, nobel has awarded many prizes for economics. the world economy is no better than before we had a discipline called "economics".
maybe, by awarding nobel prizes to "economists" we are demonstrating the futility of human intellect. and these awards are a demonstration of how little higher learning can affect the human condition.
if there is an "economist" alive that can take what he/she has learned and bring the world's current 2013 economy and move it past what is a replication of what the world had in 1930 please step forward.
nobel should award based upon how well an economist obfuscates data - guess that is what nobel has been doing...
Oh come, all ye faithful. Let us bring Him silver and gold. Oh, come let us adore him, Christ, the Lord. The angel of peace for all the world.
Just thought I'd add that for the moneychangers. Values triumph over price every time. Cynics deserve their penury. They chose it. Free will.
Pay attention, munchkins.
The Fed is bringing a dual passport holder Fischer from Israel to run your money supply. His allegiance is to the Internationale, not to you.
He is here to use and abuse you; steal everything you own for the globalists, the Internationale.
Yellen is the face. He is the manipulator puppeteer.
Obviously, no one saw a thing.
Not to worry, if you are from the States your kids will thank you, as will theirs.
Who needs stability when there is fraud and a printing press.
No one will have reason to thank the Rothschild Israel, for all its theft and hate and vanity.
American jews are being used, again. The first Rothschild Zionist Congress said: 'One cow in Palestine is worth more than all the jews in...'.
That is Israel, the pet of rich men in Britain and Europe, not conscience or good money, backed by gold and silver.
Only American troops refused to hand over their jewish comrades to the Nazis. Only Americans give safest refuge to jews. Yet the Zionist Internationale abuses the USA. For what? For money, paper money.
The Chinese are going to kick their arse.
Attribution please.
Really, who needs anything but bullshit finance and big government. Pick a country, creed or sect.
The USA was founded on different principles than Britain, Europe and everywhere else.
Read the Federal papers.
Bringing the Israeli central bankster Fischer to the USA is deeply offensive, in my opinion.
I am not your tutor. My references are easily found by those who wish to know instead of distract.
Speaking of distraction, the Federalist papers make no mention of central banking. Perhaps the Federal or Schmederal ones do.
One has to turn to your great grandparents for sellout-debauchery in the middle of the night to find central banking.
Again, attribution for Israeli something-something-something, Skywalker.
Good thing for you, you are not my tutor, because Shittin-Britian is the focal point of your "Israeli" discontent.
Not too often that you save 1000 generations from Fascism to have two of theirs piss in your mouth and call it diplomacy.
Dup.
Oh my God I can buy Whole Foods cards with my BitCoin avd
ASICS Men's GEL-Kinsei 5 Running ShoesHaven't found airlines tickets or gasoline cards yet.
Surely what you are seeing in the US Dollar riding on the stability of the Gold Standard Pound Sterling until 1914 when the UK economy and financial stability basically imploded. Prior to 1914 the UK had a foreign earnings stream from investments of £5 billion which was then around $25 billion and in modern terms probably $1.4 trillion.
Had the UK not stupidly lurched into two major wars in which in had no need to be involved it would have been a dominant creditor nation instead of being the little brother to the US defaulter
It's better to hunt down 95 percent copper pennies than it is to dink around with bitcoin. If I don't have a computer and electricity, bitcoin is worthless. Circus barkers doing their thing.
Old pennies can be found in circulation if you keep an eye out for them.
Came across a 1935 penny here the other day and it is a nice old copper penny. A keeper if there ever was one.
The new copper clad zinc pennies ain't worth shit. Take them to the bank and dump the worthless things. I buy beer; I feel like I am drinking free beer.
The new and improved penny is worthless. I don't want any of them, albeit, they buy me beer.
See a penny, pick it up, all the day, you'll have good luck.
Welcome to the Banana Republic of America
shut up and send my welfare check.
ain't nobody got time for your gold standard, bitchez
Yes, we get it. And in the past the Fed has been very quiet about itself. All we got from the mainstream media was reverence when the Chairman spoke ... and most people did not even have a clue what the guy did or what the Fed did ... even though the Fed and its BIS tied central banker network is ultimately, one way or another, responsible for pretty much everything bad in the world.
But the bankers are not stupid. They know that all fiat systems come to an end because in their effort to control the world and parasitically suck off it through the creation and direction of fiat, they create imblances that spiral out of control. They do not seem to have any desire to stop the destruction because bankers tend to support each other in self-centered greed based and controlling efforts. They tend not to be "good" people even though they masquerade as philanthopists and pillars of their community.
Knowing that their system always spirals out of control eventually they always need an exit plan. You may as "what is the Fed's exit plan"? Clearly the bankers do not want to give up control and would prefer to increase control and fine tune the world that they arrogantly think is theirs to do with as they please. I have my own beliefs and have expressed them on ZH multiple times.
But, I am done with ZH for a while. The straw that broke the camels back were the pop-up advertisements (I have pop-ups blocked multiple ways and rather than honor my desire, ZH chooses to find ways to force pop-up on me). One gets tired of the scripts, the crashes, the 300+ free rider connections that ZH supports so that you can be tracked and advertised to... and ultimately whether ZH is run by Goldman Sachs (as it seems) or is independent (as it purports to be), it is still a tool of the dialectic. Ciao