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A Century Of Fed Fools (Or How To Turn $1000 Into $40 Since 1913)

Tyler Durden's picture




 

Submitted by Anthony Sanders via Confounded Interest blog,

The Federal Reserve system was created in December 1913 with the stroke of the pen by then President Woodrow Wilson.

Since that time, consumer purchasing power has fallen from $1,000 in December 1913 to … $40 today.

 

Since 2007, the purchasing power of the dollar continues to fall along with average hourly wage growth YoY.

 

Thanks a heap, Woody.

wilsonfgold

JPMorgan Chase CEO Jamie Dimon says iPhones helps balance out U.S. Income Inequality. 

Let them eat iPnones?

 

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Mon, 09/21/2015 - 13:59 | 6575323 XAU XAG
XAU XAG's picture

Got Gold / Silver

Mon, 09/21/2015 - 14:13 | 6575399 Jumbotron
Jumbotron's picture

Yeah....but according to that shit for brains poster named Spiritof42, technology has made EVERYTHING more cheap and plentiful so our $40 dollars allows us to buy $1,000 of 1913 priced pieces of iShit.

And you all know how that has made us all BETTER people.

Mon, 09/21/2015 - 14:38 | 6575491 Fish Gone Bad
Fish Gone Bad's picture

Good ole' Woodrow Wilson got caught putting his dick in the help, got blackmailed into signing into existence the Federal Reserve.  There is an early NSA lesson there.  And so it goes.

Mon, 09/21/2015 - 15:16 | 6575689 MalteseFalcon
MalteseFalcon's picture

The FED has been skimming the excess value produced by technological advancement for a century.

It's criminal.

Mon, 09/21/2015 - 16:35 | 6576118 Cynicles
Cynicles's picture

THE FED is still running on an expired charter.

 

Mon, 09/21/2015 - 18:25 | 6576522 Jumbotron
Jumbotron's picture

Details.....details......pshah !

Mon, 09/21/2015 - 14:15 | 6575406 City_Of_Champyinz
City_Of_Champyinz's picture

Keep in mind that this darling of Liberal Progressivism fired every single black federal worker as soon as he took office.  A record like this is something the Democrat party can be really proud of. 

Mon, 09/21/2015 - 15:37 | 6575791 CoolClo
CoolClo's picture

And required  Fed employment applications to include picture IDs on them..

Mon, 09/21/2015 - 21:03 | 6577112 withglee
withglee's picture

Fired both of them?

Mon, 09/21/2015 - 14:01 | 6575330 Chuck Knoblauch
Chuck Knoblauch's picture

$100 into 2 cents is abiut right.

Cost per bill to manufacture.

Mon, 09/21/2015 - 14:09 | 6575369 Ignatius
Ignatius's picture

That's nothing, I can turn $1000 into $0.  Here, hand it to me and I promise I'll be right back with the change.

Mon, 09/21/2015 - 14:37 | 6575488 Chupacabra-322
Chupacabra-322's picture

That's nothing, nothing. Shit, I'll turn $1,000 into toilet paper fast .

Mon, 09/21/2015 - 21:00 | 6577097 withglee
withglee's picture

In the olden days doing that would have brought your body temperature to room temperature.

Mon, 09/21/2015 - 14:02 | 6575332 NoWayJose
NoWayJose's picture

And if you bought two $20 gold coins with $40 in 1913 you would have over $2200 today!

Mon, 09/21/2015 - 14:14 | 6575401 Seasmoke
Seasmoke's picture

So that's a +$1200 .... So simple. Yet no one is able to see they are sinking in quicksand

Mon, 09/21/2015 - 14:19 | 6575420 Kaiser Sousa
Kaiser Sousa's picture

take that mother fuckers....

DEATH TO THE MONEYCHANGERS..........

 

"As of today you really can pay your taxes, your credit cards, your mortgage, shop at Costco, and buy your groceries without so much as a bank account while using sound money.

The fact that Texas announced that it withdrawing its gold from Manhattan and is creating a state gold depository generated a good deal of interest because there would also be a way to transfer gold to others via said depository. So much interest that Texas received calls from all over the United States from folks that wanted to be part of such a system. The articles covering the future Texas depository cumulatively received millions of views. What was missed in all of this coverage is that a functional, and legal depository that allows anyone in the country to pay and save in gold dollars already exists. In Utah.

The United Precious Metals Association in Utah has gold and now separate silver accounts that act as checking accounts do at any bank or credit union. The way it works is that members deposit Federal Reserve Notes (or paper dollars) into their UPMA account which in turn translates them into golden dollars (or silver). The golden dollars are based off the $50 one ounce gold coins produced by the Treasury of The United States. They are legal tender under the law and are protected as such. So if I were to deposit $1,200 FRNs then I would have $50 golden dollars."

http://popularliberty.com/8671/i-am-divorcing-my-bank-and-so-can-you-con...

Mon, 09/21/2015 - 20:58 | 6577088 withglee
withglee's picture

while using sound money.

You say that like you know what "sound" money is. Please tell us.

Tue, 09/22/2015 - 02:26 | 6577797 StychoKiller
StychoKiller's picture

So long as the Ignorati accept FRN koopuns, I'll keep using'em!

Tue, 09/22/2015 - 12:32 | 6579648 withglee
withglee's picture

And if you don't hold on to them very long, your cost of using them is less than all other alternatives. They leak at the rate of 4% per year on average. The stupid Fed is trying to make them leak at 2%. The proper (and easily attainable) leakage is 0%.

Mon, 09/21/2015 - 14:22 | 6575435 sdmjake
sdmjake's picture

Actually it is better than that.

If i had taken $1,000 into the bank in 1913 and exchanged it for gold, I would have gotten 50 1oz coins. Todays value would be approx $56,500.

It would have held its value. (Note: Median car price in 1913 = $490. Median House price in 1913 was approx. $3,400.)

Got Gold??

Mon, 09/21/2015 - 15:41 | 6575814 J S Bach
J S Bach's picture

I'll one-up it even more...

If your great grandfather just happened to bequeath those 50 1-oz coins to his progeny (1913 issuance), they would have an antique numismatic value close to double the figure you gave.

Mon, 09/21/2015 - 16:02 | 6575942 Stlouiemike
Stlouiemike's picture

Actually you would have turned it into Uncle Sam in 1933 for $20.67 an ounce for a total of $1033.50 in Fed notes which now would be worth $41.34, or you could have paid the 10 grand fine or did 10 years or possibly both.

Mon, 09/21/2015 - 16:18 | 6576044 sdmjake
sdmjake's picture

I woulda 'lost it ' in a steamboating accident...

Mon, 09/21/2015 - 16:58 | 6576214 wendigo
wendigo's picture

They didn't go door to door confiscating gold. You could have hidden it in the cellar and it would have been just fine. Lots of people did that. 

Mon, 09/21/2015 - 19:31 | 6576762 Shaznardickleze...
Shaznardickleze the Doon's picture

I'm really fucking sick of you idiots talking about PM confiscation. If the gov wants it, you want it too. This meme is fucking weak. What gold and silver. Fucking canoes and lakes bitchez.
Like the gov was running their TSA hands up your great grannie's nickers for gold coins... If your grand parents willfully turned in their gold then they were the sheep of their day. Congrats.

Mon, 09/21/2015 - 14:27 | 6575458 holgerdanske
holgerdanske's picture

The cost of an ounce of gold in 1913 was 22$. For 1000$ you would get 45 ounces. The value of that today?  $51819.

Inflation my right foot.!

And if you still haven't got it, you will surely lose it!

Mon, 09/21/2015 - 16:39 | 6576141 Cynicles
Cynicles's picture

And if you bought two $20 gold coins with $40 in 1913 you would have over $2200 today!


And if you bought two $20 gold coins with $40 in 1913 you would be dead, ancient if not.

Mon, 09/21/2015 - 14:02 | 6575333 Latitude25
Latitude25's picture

True but wages have gone up since 1913.

Mon, 09/21/2015 - 14:06 | 6575348 RafterManFMJ
RafterManFMJ's picture

True, but they've fallen or stagnated since ~1973.

... and from 1800-1912 the value of the dollar increased by around 8%.

Mon, 09/21/2015 - 14:48 | 6575541 Latitude25
Latitude25's picture

Of course.  The US was using gold and silver as money for much of that time.

Mon, 09/21/2015 - 14:07 | 6575362 Grandad Grumps
Grandad Grumps's picture

I am not thinking that planned inflation that allows banks prepetual control is an excuse for theft.

Can anyone possibly think that the massive inflation with periodic bouts of theft was not planned?

Mon, 09/21/2015 - 14:47 | 6575532 Latitude25
Latitude25's picture

Of course not.  Did I say that?

Mon, 09/21/2015 - 14:15 | 6575405 Jumbotron
Jumbotron's picture

True but wages have gone up since 1913.

 

(AHEM) there is a big difference in the the number of numerals that define a wage....and INFLATION ADJUSTED numerals.

Mon, 09/21/2015 - 14:43 | 6575494 Latitude25
Latitude25's picture

What you say is certainly true but the total loss in the dollar number does not accurately reflect the increase in wages anyway.  I am certainly making more today than I would have been making in 1913 in actual dollars.  In inflation adjusted dollars it is true that I may be making less and I am certain that I am making less in inflation adjusted dollars than I would have in 1981.

Mon, 09/21/2015 - 14:03 | 6575340 WhackoWarner
WhackoWarner's picture

Maybe someone with semi-deep pockets should put out a flyer/mailer  with these charts and a few added lines of information...then send it to each and every houselhold around the world.

 

Could be used as a tax write-off as public service or charity.

Mon, 09/21/2015 - 14:04 | 6575345 The Indelicate ...
The Indelicate Genius's picture

Wilson was a curious creature. After being elected very largely on an antiwar platform, he rapidly set about figuring out how to use 'propaganda' - then a more neutral term, to get Americans to support a war the majority of Americans, rightly, wanted no part of.

"To legitimize propaganda for World War I, Walter Lippmann persuaded President Wilson to create the official Committee on Public Information (CPI) on April 13, 1917. Wilson appointed newspaper publisher, George Creel, as chairman. Creel commissioned the nation’s artists to produce paintings, posters and cartoons to promote the war. With the expert help of Edward Bernays, “the father of public relations” and a nephew of Sigmund Freud, the CPI manufactured the most atrocious hate propaganda against the Germans. Bernays manipulated public opinion through crowd psychology, his uncle Sigmund’s specialty. Creel had a staff of persuasive wordsmiths – journalists, writers, intellectuals and many advertisers – who later admitted they were willing to lie, use emotional appeal and enemy demonization to generate hate and fear to elicit support for the war."

http://spingola.com/By_Way_of_Deception.html

---

"World War I & the Balfour Declaration

Zionists played a role in America’s entry into World War I. Whether this was a major role, as Zionists claimed and British leaders believed, or a minor one, is unclear. What is clear, however, is that: (1) The Zionist role, whether large or small, in the American entry into Britain’s side in the “Great War” was a significant factor in world history,[xxiv] and (2) this fact has been almost completely covered up in U.S. history classes.

From the very beginning of their movement, Zionists realized that if they were to succeed in their goal of creating a Jewish state on land that was already inhabited by non-Jews, they needed Great Power backing. They tried the Ottoman Empire, which controlled Palestine at the time, but were turned down (although they were told that Jews could settle throughout other parts of the Ottoman empire and become Turkish citizens).[xxv]

They then turned to Britain, which was also initially less than enthusiastic. Famous English Arabists such as Gertrude Bell pointed out that Palestine was Arab and that Jerusalem was sacred to all three major monotheistic faiths.

Future Foreign Minister Lord George Curzon similarly stated that Palestine was already inhabited by half a million Arabs who would “not be content to be expropriated for Jewish immigrants or to act merely as hewers of wood and drawers of water for the latter.” [xxvi]

However, once the British were embroiled in World War I, and particularly during 1916, a disastrous year for the Allies, Zionists were able to play a winning card. They promised the British government that Zionists in the U.S. would push America to enter the war on the side of the British, if the British promised them they would support a Jewish home in Palestine afterward.[xxvii]

This pledge helped push Britain to support Zionism and resulted in the famous “Balfour Declaration,” a letter addressed to Lord Rothschild (which, while signed by British Foreign Minister Lord Balfour, was actually written by secret Zionist Leopold Amery[xxviii]).

In this declaration Britain promised to “view with favour the establishment in Palestine of a national home for the Jewish people” and to “use their best endeavours to facilitate the achievement of this object.” It then qualified this somewhat by stating: “it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine.” The “non-Jewish communities” were 90 percent of Palestine’s population at that time.

While this was a less than ringing endorsement of Zionism, Zionists considered it a major breakthrough as it cracked open a door that they would later force wider and wider open.

These Balfour-WWI negotiations are referred to in various documents. For example, Samuel Landman, a leader of the Zionist-revisionists and secretary of the world Zionist organization, described them in a 1935 article in World Jewry:

“After an understanding had been arrived at between Sir Mark Sykes and [Zionists] Weizmann and Sokolow, it was resolved to send a secret message to Justice Brandeis that the British Cabinet would help the Jews to gain Palestine in return for active Jewish sympathy and for support in the USA for the Allied cause, so as to bring about a radical pro-Ally tendency in the United States.[xxix]

British Colonial Secretary Lord Cavendish, in a memorandum to the British Cabinet in 1923, reminded his colleagues:

“The object [of the Balfour Declaration] was to enlist the sympathies on the Allied side of influential Jews and Jewish organizations all over the world…[and it is arguable that the negotiations with the Zionists…did in fact have considerable effect in advancing the date at which the United States government intervened in the war.”[xxx]

Former British Prime Minister Lloyd George similarly referred to this deal, telling a British commission in 1935:

“Zionist leaders gave us a definite promise that, if the Allies committed themselves to giving facilities for the establishment of a national home for the Jews in Palestine, they would do their best to rally Jewish sentiment and support throughout the world to the Allied cause. They kept their word.”

American career Foreign Service Officer Evan M. Wilson, who had served as Minister-Consul General in Jerusalem, writes of Balfour:

“The pledge was given to the Jews largely for the purpose of enlisting Jewish support in the war and of forestalling a similar promise by the Central Powers.”[xxxi]

In 1917 President Wilson, who had been voted into office by Americans who believed his promises that he would keep them out of the war, changed course and plunged the U.S. into a tragic and pointless European conflict in which hundreds of thousands were killed and injured.[xxxii] Over 1,200 American citizens who opposed the war despite the rousing song about “Over There” were rounded up and imprisoned, some for years.[xxxiii]
Paris Peace Conference – 1919

The influence of Brandeis and other Zionists in the U.S. had enabled Zionists to form an alliance with Britain, one of the world’s great powers, a remarkable achievement for a non-state group and a measure of Zionists’ immense power. As historian Kolsky states, the Zionist movement was now “an important force in international politics.” [xxxiv]

After the war was over, American Zionists sent a delegation to Paris to join with other Jewish organizations at the conference, particularly the World Zionist Organization, to lobby for a Jewish “home”[xxxv] in Palestine and to push for Balfour wording to be incorporated in the peace accords.[xxxvi] They were strengthened by the fact that the American delegation to the Peace Conference also contained a number of highly placed Zionists.

Zionists were opposed in Paris by American Christian leaders from Mideast churches and colleges, a group that consistently supported Palestinian rights to self-determination through the years. Despite their efforts, joined by numerous prominent Christian leaders – including two of the most celebrated pastors of their day – they were, as a a pro-Israel author notes, “simply outgunned.”[xxxvii]

The most prominent American in the Middle East at the time, Dr. Howard Bliss, President of Beirut’s Syrian Protestant College (later to become the American University of Beirut), traveled to Paris to urge forming a commission to determine what the people of the Mideast wanted for themselves, a suggestion that was embraced by the U.S. diplomatic staff in Paris.[xxxviii]

Princeton’s Professor Philip Brown asserted that Zionism would be disastrous for both Arabs and Jews and went to Paris to lobby against it.[xxxix]

William Westermann, director of the State Department’s Western Asia Division, similarly opposed the Zionist position, writing that [it] impinges upon the rights and the desires of most of the Arab population of Palestine.” He and other US diplomats felt that Arab claims were much more in line with Wilson’s principles of self-determination and circulated Arab material.[xl]

President Wilson decided to send a commission to Palestine to investigate the situation in person. After spending six weeks in the area interviewing both Jews and Palestinians the commission, known as the King-Crane commission[xli], recommended against the Zionist position of unlimited immigration of Jews to make Palestine a distinctly Jewish state.[xlii]

The commissioners stated that the erection of a Jewish state in Palestine could be accomplished only with “the gravest trespass upon the civil and religious rights of existing non-Jewish communities in Palestine,” pointing out that to subject the Palestinians “to steady financial and social pressure to surrender the land, would be a gross violation of the principle [of self-determination] and of the peoples’ rights…”[xliii]

They went on to point out that “the well-being and development” of the people in the region formed “a sacred trust, that the people of the region should become completely free, and that the national government should derive their authority from the initiative and free choice of the native populations.”[xliv]

Zionists through Brandeis dominated the situation, however, and managed to have the report suppressed until years after the Peace Accords were enacted. As a Zionist historian noted, “With the burial of the King-Crane Report, a major obstacle in the Zionist path disappeared.”[xlv] The US delegation was forced to follow Zionist directives.[xlvi]
Using “anti-Semitism” to promote Zionism

Long before Hitler, Zionists were pushing alleged European “anti-Semitism” as a way to procure support for their movement. In 1919 a brilliant young diplomat named Hugh Gibson was nominated to be U.S. Ambassador to Poland. After he arrived in Poland, he began to report that there were far fewer anti-Semitic incidents than being alleged. He wrote his mother: “These yarns are exclusively of foreign manufacture for anti-Polish purposes.”

His dispatches came to the attention of Brandeis and his protégé (and future supreme Court Justice) Felix Frankfurter, who demanded a meeting with Gibson. Gibson later wrote of their accusations:

“I had [they claimed] done more mischief to the Jewish race than anyone who had lived in the last century. They said…that my reports on the Jewish question had gone around the world and had undone their work…. They finally said that I had stated that the stories of excesses against the Jews were exaggerated, to which I replied that they certainly were and I should think any Jew would be glad to know it.”[xlvii]

Frankfurter hinted that if Gibson continued these reports, Zionists would block his confirmation by the Senate.

Gibson was outraged and sent a 21-page letter to the State Department. In it he shared his suspicions that this was part of “a conscienceless and cold-blooded plan to make the condition of the Jews in Poland so bad that they must turn to Zionism for relief.”

In 1923 another American diplomat in Poland, Vice Consul Monroe Kline, confirmed Gibson’s analysis:

“It is common knowledge that [Zionists] are continually and constantly spreading propaganda, through their agencies over the entire world, of political and religious persecution,” adding “The Jew in business oppresses the Pole to a far greater extent than does the Pole oppresses the Jew in a political way.”[xlviii]

By 1922 there were 200,000 Zionists in the U.S. and by 1948 this had grown to almost a million.[xlix] The Yiddish press from a very early period espoused the Zionist cause. By 1923 only one New York Yiddish newspaper failed to qualify as Zionist. Yiddish dailies reached 535,000 families in 1927.[l]

Using “anti-Semitism” to promote the Zionist agenda continued during the rise of Hitler, when Zionists sabotaged refugee efforts and at times collaborated with Nazis in their quest to convince the world of the necessity of creating a Jewish state in Palestine.[li]

Journalist Erskine B. Childers, son of a former Irish Prime Minister, wrote:

“One of the most massively important features of the entire Palestine struggle was that Zionism deliberately arranged that the plight of the wretched survivors of Hitlerism should be a ‘moral argument’ which the West had to accept. This was done by seeing to it that Western countries did not open their doors, widely and immediately, to the inmate of the DP [displaced persons] camps. It is incredible that so grave and grim a campaign has received so little attention in accounts of the Palestine struggle – it was a campaign that literally shaped all subsequent history. It was done by sabotaging specific Western schemes to admit Jewish DPs.”[lii]

When FDR made several efforts to provide havens for Nazi refugees, Zionists opposed these projects because they did not include Palestine. Morris Ernst, FDR’s international envoy for refugees, wrote:

“…active Jewish leaders decried, sneered and then attacked me as if I were a traitor. At one dinner party I was openly accused of furthering this plan of freer immigration in order to undermine political Zionism… Zionist friends of mine opposed it.”[liii] Ernst wrote that he found the same fanatical reaction among all Jewish groups and their leaders, who, he found, were “little concerned about human blood if it is not their own.”[liv]

FDR finally gave up, telling Ernst: “We can’t put it over because the dominant vocal Jewish leadership of America won’t stand for it.”[lv]"

- https://middleeastatemporal.wordpress.com/2011/10/11/the-real-story-of-h...

Mon, 09/21/2015 - 14:08 | 6575367 Grandad Grumps
Grandad Grumps's picture

Wilson owed too many people and was very weak. He did what he was told to do ... only to regret being one of the worst presidents the US has ever seen.

Mon, 09/21/2015 - 14:40 | 6575499 Skiprrrdog
Skiprrrdog's picture

So what you are saying is he was a white O'BooBoo?

Mon, 09/21/2015 - 14:22 | 6575428 Jumbotron
Jumbotron's picture

Jeebus.....can you anti-Semites give it a rest.

All your supposed stories do is prove how utterly stupid and how easily manipulated we Gentiles have been since we crawled out of the caves.

Jews have always been a tiny fraction of any nations' population....much less the world.  You would think if Gentiles weren't so stupid and so much the easily led cattle they could do something about it.

Gentiles' problems are their own.  Ball up....man up....and own up.  If what you say is true.....then hold your Gentile leaders accountable.  Better yet.....get off the fucking couch and start your own Gentile movement to take back 'Murca or the world back to whereever you think it should be.

Otherwise....regurgitating someone else's deluded writing in public is the same as masturbation.  Do it in private.

Mon, 09/21/2015 - 14:32 | 6575472 The Indelicate ...
The Indelicate Genius's picture

Huh??

Your rejoinder is absolutely inane - more fucking red herrings to obfuscate the decades-long, and harmful influence of Zionist warmongers.

Fuck you.

So Zionists were not a major force in getting the US into WW1, or is it they were, but dumb fucks like you want to claim it is "anti-Semitism" to discuss it, and the practical effects that had on the 98% non-Jewish population?

You might want to give the Hitler card a rest, pal.

It's not fooling anybody not already fooled.

And saying A had something to do with 'X' does not mean "only A" had to do with it.

As for your lazy, hasbara claim that any discussion of Zionist/Jewish power and influence on government is "anti-Semitic" - you can go right ahead and fuck yourself.

https://en.wikipedia.org/wiki/Godwins_law

http://www.ihr.org/leaflets/iraqwar.shtml
http://mondoweiss.net/2014/06/about-though-israel

When all you have is crying 'anti-semite' but do not sensibly dispute the facts {here, this regards Jewish Zionist leaders - at a time when 'Zionist' had narrower, more precise meanings} more and more people see your sort of reply as a hackneyed trick to get people to not see wildly disproportionate - and deleterious Zionist power {whether 'Jewish' or more broadly Israel Firster}.

Mon, 09/21/2015 - 14:48 | 6575542 The Indelicate ...
The Indelicate Genius's picture

Is the US Waging Israel's Wars? - Counterpunch
http://www.counterpunch.org/2006/04/25/is-the-us-waging-israel-s-wars/

The Most Dangerous Ally: How Israel Makes us Fight ...
http://www.elephantjournal.com/2015/03/the-most-dangerous-ally-how-israe...

The United States Fights and Pays for Israel's Wars | Maidhc ...
https://maidhcocathail.wordpress.com/2010/10/18/the-united-states-fights...

WAR FOR ISRAEL - TomatoBubble.com
http://www.tomatobubble.com/war_for_israel.html

Israel – America’s Biggest Frenemy
http://original.antiwar.com/justin/2014/11/23/israel-americas-biggest-fr...

Mon, 09/21/2015 - 14:33 | 6575480 oddjob
oddjob's picture

regurgitating someone else's deluded writing in public is the same as masturbation

Go tell that to your rabbi.

Mon, 09/21/2015 - 14:39 | 6575493 Skiprrrdog
Skiprrrdog's picture

oy vey...

Mon, 09/21/2015 - 14:26 | 6575452 Turin Turambar
Turin Turambar's picture

Nothing curious about Wilson.  He was a pathological progressive, a precursor to today's oligarchs.  All are deserving of the hangman's noose.

Mon, 09/21/2015 - 15:56 | 6575885 rejected
rejected's picture

Truman was influenced by his close adviser Col. House. Both were strong central government advocates as were most of their ilk, past and future, and all were traitors as defined in the constitution. 

The Militia Act in 1903 under Theodore Roosevelt changed the constitutional militia to a National Guard. This allowed the U.S to send militia (now the Guard)  outside it's borders. The Militia was defensive while the Guard could be offensive and as we see today it is nothing more than an Executive play toy.

The elimination/change of the Militia was completely unconstitutional. As the militia is defined in the constitution only a amendment could lawfully modify it.

Of course the founders knew this would happen when their baby federal government finally got strong enough. Their entire reasoning for trashing the Articles was because the states and citizens were sovereign,,, not the national government. This was reversed with the constitution. Then codified by Lincolns uncivil war,,, with the coup de grace being the elimination of the militia,,, the end of state participation in the national government and the end of the Peoples money. All within a ten year span.

And now today we get to enjoy their work. 18 trillion dollar debt,,, Wars everywhere,,, The TSA at airports, bus stations,,, a 100 mile admitted constitution free zone from borders we don't control,,, the NSA and brethren traitors spying on everyone, and now requiring passports to fly within the nation because a few states haven't yet complied with the governments real ID gestapo requirement. 

Land of the free.... lol

 

Mon, 09/21/2015 - 14:11 | 6575385 Seasmoke
Seasmoke's picture

Yeah but could they buy an iPhone in 1913 ???

Mon, 09/21/2015 - 14:23 | 6575440 TrustbutVerify
TrustbutVerify's picture

"I feel better about myself because I get contacted on my 'smart' phone every 10 seconds."  

Mon, 09/21/2015 - 14:47 | 6575537 Fish Gone Bad
Fish Gone Bad's picture

This reminds me, gotta put the phone on vibrate mode.

Mon, 09/21/2015 - 14:19 | 6575423 mastersnark
mastersnark's picture

I would die a happy man if, just one time, someone would have the balls to go against their Bilderberg owners and ask Yellen or any Fed governor about this chart while they are testifying before Congress.

Mon, 09/21/2015 - 14:20 | 6575424 Gunga
Gunga's picture

The people that benefit  from the current system are not going to change willingly. A slave revolt will be required.

 There is a reason they don't teach school children about Spartacus.

Mon, 09/21/2015 - 14:20 | 6575426 Panic Mode
Panic Mode's picture

iLoan Free ??

Mon, 09/21/2015 - 14:21 | 6575430 lawyer4anarchists
lawyer4anarchists's picture

Not 1 in a 1000 People have any idea how "legal tender laws" got past the 5th amendment requirement regarding a "taking" of property for fair value. http://www.thetruthaboutthelaw.com/our-legal-tender-laws-were-blessed-by...

Mon, 09/21/2015 - 14:24 | 6575441 birddog27
birddog27's picture

POOF! And it's gone.....

Mon, 09/21/2015 - 14:40 | 6575501 Jason T
Jason T's picture

And yet in 2000, America, with just 4% of worlds population, was able to be the consumer of 25% of the worlds stuff.  

We had it all.

 

Then American's got fat, started having bastard children in mass, got dumb, got hooked on prescription drugs, elected Obama.. twice!, quickly took to fast fashion clothing.. which is utter garbage made in places like bangladesh and china,.... and are now embrasing Socialism via the likeness of Bernie Sanders ...good lord! 

Mon, 09/21/2015 - 15:21 | 6575705 rejected
rejected's picture

Only on credit and the fact the FRN was/is the worlds default currency. We produced very little then and almost nothing now and therefore had nothing of value to trade..... and still don't.

How long the producers will continue to take paper IOU's from the non producer debtors determines how long this game will play.

Mon, 09/21/2015 - 15:28 | 6575746 ejmoosa
ejmoosa's picture

The people did not enable the outcomes you mention.  The government did.

They absolved individuals of any responsibilities of their own outcomes.

Because they care....

Mon, 09/21/2015 - 14:44 | 6575514 Chupacabra-322
Chupacabra-322's picture

The Zionist Elephant In The Room

The political creed of Zionism has big ears and a long trunk and I think it’s time that was pointed out. It also stampedes through our lives at every level and that needs to be said, too.
It has created a pincer-movement on the human mind by hijacking staggering amounts of political, corporate, banking and media power on one side and by using the fear of being called ‘anti-Semitic’ if you dare to state the bloody obvious.

They have been able to do this by equating in public perception that Zionism = Jewish people. It does not. Zionism is a political creed introduced by the House of Rothschild to advance the goals of the Illuminati families that are largely controlled by the Rothschilds.

When people think of Zionism they think of Jewish people. When they think of Israel they think of Jewish people. That’s understandable given the propaganda, but it is seriously misleading and those instant connections need to be broken if we are going to understand what’s going on here.

Zionism means Rothschild just as Israel means Rothschild. When we see the extraordinary number of Zionists in key positions around the world we are looking not at ‘manipulating Jews’, but manipulating Zionists representing the interests and demands of the Rothschilds.

Significant numbers of Jewish people are not Zionists and oppose that appalling creed while many Zionists are not Jewish. These include the Christian Zionists and Obama’s vice-president, Joe Biden, who told Israeli television ‘I’m a Zionist’. If, as Biden rightly says, you don’t have to be a Jew to be a Zionist, how can it be a racial rather than a political movement? It can’t. It’s just made to appear like that to manipulate public perception because opposing Zionism then becomes opposing Jewish people as a whole and the ‘you’re a racist’ card can be played over and over.
Far from protecting and advancing the interests of the mass of Jewish people it has often been devastating for them and caused millions to be labelled unfairly by the actions of the Zionist elite. On the Jews Against Zionism website one feature highlights how Rothschild Zionism targeted Jews who had lived for generations in Palestine side-by-side with Arabs in peace and harmony:

‘The religious Jews who by virtue of their faith, clearly contradicted Zionist nationalism, and who had lived peacefully with their Arab neighbors for generations, became unwillingly identified with the Zionist cause and their struggle with the Arabs.
They requested the United Nations that Jerusalem be designated as a defacto international city. They appealed to the diplomatic corps assigned to Jerusalem — but to no avail. They were hence confronted with the choice of either becoming a part of the Zionist State, which diametrically opposed the interests of Jews as a religion, or abandoning the land of which their forefathers were the first Jewish settlers.

Let’s get this straight. Zionism doesn’t give a damn about Jewish people. To the Rothschilds and their Zionist gofers and thugs the Jewish people as a whole are merely cattle to be used and abused as necessary – just like the rest of the human population.

The networks of the House of Rothschild were behind Hitler and the rise of the Nazi Party in the Rothschild heartland of Germany where they had changed their name from Bauer in 18th century Frankfurt and launched the dynasty that was to control global finance.

After the war the Rothschilds used public sympathy for Jewish people targeted by the Nazis to press for a homeland in Palestine. This was the alleged reason for the founding of Zionism, but that is only part of it.
The campaign to impose a Rothschild fiefdom in Palestine goes back at least to the earlier part of the 19th century and probably long before. It was given a massive boost with the Balfour Declaration in 1917 when the British Foreign Secretary Arthur Balfour declared in a letter his government’s support for a Jewish homeland in Palestine.
This letter was sent by Balfour, an inner-circle member of an elite secret society called the Round Table, to Baron (Walter) Rothschild who funded the Round Table.

Today, Rothschild Illuminati fronts like the Council on Foreign Relations, Trilateral Commission, Bilderberg Group, Royal Institute of International Affairs, and others, still answer to the Round Table which string-pulls and coordinates from the shadows. This is why Zionists in government are invariably connected with these Rothschild-controlled organisations.

The Rothschilds funded the early settlers from Europe to relocate in post-war Palestine and they also funded and armed the terrorist groups, like Irgun, which bombed and terrorised Israel into existence in 1948, a campaign which forced 800,000 Palestinians to leave the land of their birth.
Israel is simply the State of Rothschild and how appropriate that they paid for the construction of the Israeli parliament building, the Knesset, and the Israel Supreme Court. The name Rothschild means Red-shield and it originates with the red shield ‘Star of David’ symbol (not a Jewish symbol before the Rothschilds) which they displayed on their house in Frankfurt .

Mon, 09/21/2015 - 14:45 | 6575518 Chupacabra-322
Chupacabra-322's picture

Political Zionism:

The social movement which creates and sustains the physical nation of Isreal. The driver for World Government through Isreal in the tradition of the Heretical Frankist Jews.

This definition is embodied by The Rothschild family.

Not all Jews are political Zionists. Not all political Zionists are Jews.
The political Zionist movement feeds off Jews in the sameway the the Nazi movement feed off the Germans.

Political Zionism is the greatest enemy of the Jews.

Mon, 09/21/2015 - 14:49 | 6575548 Bay of Pigs
Bay of Pigs's picture

+1

You nailed it bro. I couldn't agree more with your very persausive and well documented argument above.

Mon, 09/21/2015 - 15:33 | 6575767 Chupacabra-322
Chupacabra-322's picture

Damn, only a +1. I must be slipping. However, feel free to cut, paste & plaster the internets with it.

Mon, 09/21/2015 - 14:45 | 6575519 Sudden Debt
Sudden Debt's picture

The only problem is that this is over a 100 year timespan.

I don't have another 100 years left.

I would like to see a serious serious serious pop over the next 2 years.

I was 30 years old when I started stacking. I'm 38 now in a few months.

Honestly, it hasn't yet turned out to be a good investment so far.

My silver pile is on 19,8 dollars on average, my gold is at 1380 on average and it would take a few more years to average those down to levels of the price today.

And that money could have made me a shitload more. 

I'm having serious doubt that I've been played into PM's and as things are looking, a quick crash as I expected for so long won't happen. It will most probably be slow and painfull.

For me, my gold and silver are turning into insurance plays for my kids when they are older.

Mon, 09/21/2015 - 15:31 | 6575761 ejmoosa
ejmoosa's picture

Look at some of the other crap you bought eight years ago.  What is it worth today? 

I am glad I started stacking.  Kept me from wasting money on bs like Iphones, Ipads, and more.

I cut the cable cord two years ago.  Get myself two ounces of AG for every month I do without.

 

 

 

Mon, 09/21/2015 - 15:58 | 6575916 ramgold2206
ramgold2206's picture

@ejmoosa.. plus 1.. i do the exact same thing, no matter what I stack my oz every month. I promote the hell out of my karatbars affiliate business anywhere and everywhere I can... Sure I get heckeled, but my skin gets thicker everytime fedex arrives with that familiar package of PM's paid for with commissions earned.. as the world  turns on its self its every man for him self..

 

 

 

Mon, 09/21/2015 - 15:50 | 6575870 ramgold2206
ramgold2206's picture

@suddendebt.. take solace in your gold. opposite to you, 8 years ago I bought 3 rental properties leveraged at 85% yielding 5%pa on 4% mortgage interest. I did all my "due diligence" bought new houses in middle class area, did my 10 year projections etc etc and all looked tickety boo, and by 2016 I'd have doubled my wealth!!!

 Fast forward to today (im 40btw) Rents half, capital value half, bank busting my balls, new property tax, new water charges, whinging tenants, on and on and on.. im trapped in this hell for 20 years. - at least the area didn't collapse (yet). I wish I had stacked (even with leverage) instead.. at least the only trouble with "pet rocks" is where to bury the critters in case .gov comes a knocking.

I got involved in the gold gig 14 months ago for exactly the reasons you are concerned about. Im taking a 18 year view that when my kid is ready for college those little 5gram gold bars that I have accumulated will cover the cost.. Can I see the future? no, but we have little else as secure as the PM

 

... I promote my business on here fairly regularly, I take the occasional hater punch. but it turns out a few from ZH actually joined me and guess what... its working for them too..

 

www.teamramgold.com   

Mon, 09/21/2015 - 16:11 | 6575998 Hubbs
Hubbs's picture

There you go man. Keep as cool as you can. Face piles and piles of trials with smiles. It riles them to believe you perceive the web they weave. Keep on thinking free.

Mon, 09/21/2015 - 16:17 | 6576040 RaceToTheBottom
RaceToTheBottom's picture

"I would like to see a serious serious serious pop over the next 2 years."

You are 38 and this is for your kids?  You hopefully got more than 2 years buddy....

Mon, 09/21/2015 - 14:46 | 6575525 ersatz007
ersatz007's picture

The idea that 'inflation' is a good thing is the biggest fraud ever perpetrated over the last 100 years. 

Mon, 09/21/2015 - 14:59 | 6575591 Winston Smith 2009
Winston Smith 2009's picture

Articles like this are so stupid. As long as wages and asset values keep up with inflation, it doesn't matter that the dollar is devalued. If something that cost a penny in 1913 now costs 25 cents but I can earn that 25 cents in the same amount of time I would have earned a penny in 1913, the higher dollar value now makes no difference.

But, yes, inflation is a hidden tax on any cash held.

The worst problem occurs when wages don't keep up with inflation or when wages simply drop which is what we have had now for 15 years. 

Mon, 09/21/2015 - 16:13 | 6576008 Vuke
Vuke's picture

Winston, you're overlooking the fact there was virtually no tax on that 1913 penny earned.  Today the 25 cent earning attracts a lot of tax and a huge health premium to boot.

Mon, 09/21/2015 - 16:25 | 6576078 RaceToTheBottom
RaceToTheBottom's picture

Wages have stagnated since the 70s.  For most here, that is an entire working career.

The people benefiting from inflation have not had their wages or earnings stagnate, ever.

 

Mon, 09/21/2015 - 15:07 | 6575637 Hubbs
Hubbs's picture

 

 

I keep confusing Neville Chamberlain (appeasement to Hitler) with Woodrow Wison (appeasement to bankers) as history's biggest wimps.

Mon, 09/21/2015 - 15:26 | 6575730 ersatz007
ersatz007's picture

do you mean Wilt Chamberlain?

Mon, 09/21/2015 - 15:10 | 6575650 benbushiii
benbushiii's picture

This is all perfectly planned. $1,000 may have turned into $40, but in reality, the FIRE (Finance, Insurance, and Real Estate) economy have confiscated the difference.  We are just witnessing the end of the shift to the top 1%.  It all began slowly at Jekyll Island, but as we entered the later part of the 20th Century the corrupt politicians led by Bill Clinton repealed Glass Steagall opening the door the final confiscation of wealth and saving from the majority.  Each sector of the FIRE group encourages borrowing and consumerism.  The real winner is always the one whom can capture the spread between borrowing money for nothing, then lending that money for an exorbitant spread  They can't have asset values fall, thus the "2% banter" by Yellin.  The politicians are bought and paid for by this group and appreciate the ability of the FED to monetize the debt so they can by the votes of the masses through entitlements.  Yes, the purchasing power of the masses as decreased from $1,000 to $40, but the reverse has happened for the 1%.  History portends a very unhappy ending.

Mon, 09/21/2015 - 15:15 | 6575674 ersatz007
ersatz007's picture

+1

Consumerism and debt is basically a way to make sure the natives don't get restless.  If we're constanly buying stuff, going into debt so we can buy more stuff, then having to work more to pay for the stuff we bought, not much time to worry about overthrowing the 'king' or 'lord' or 'baroness' or whatever.  Feudalism 2.0.  

Mon, 09/21/2015 - 15:28 | 6575686 falak pema
falak pema's picture

Most of the rest has gone to CAPITAL ...that was the whole idea of Oligopoly matrix.

Nixon freed the Oligarchs of gold and Friedman invented our money your problem riding on the back of derivative forward market and Dear Henry nailed it to petrodollar to close the loop  that then required a NEW PUMP to hump even more the middle class.

Reaganomics provided that via supply side asset rachet up. And NWO made it global via outsourcing.

Enter Clinton and the Squid...

Mon, 09/21/2015 - 15:42 | 6575827 Not if_ But When
Not if_ But When's picture

Outside of the FED for a moment:

Wasn't it George Bush who after 9/11 told everyone to forget terrorism and go out and shop?

Well, I find it very hard to forget the impact of terrorism (NSA spying, Patriot Act, Homeland Security, and on and on and on).  And I have only a pittance of discretionary money to shop after basic living expenses, food, IRS taxes owed as a member of the beset-upon member of the former middle class - exacerbated by humungously increasing property taxes.

I'd really like to shop at places other than Goodwill, consignment shops, and yard sales.  But.........................

(at least I don't have to worry about 8% inflation because the FED says it's less than their 2% goal).

Mon, 09/21/2015 - 16:01 | 6575938 Lucky Leprachaun
Lucky Leprachaun's picture

How often have I heard Fed Chairmen (that includes the current man) and top bankers described as fools.  They are not fools. If they were how come they're able to plunder all the rest of us geniuses?

Mon, 09/21/2015 - 16:09 | 6575982 tarabel
tarabel's picture

 

 

In 1913, gold was 20.67 an oz. Say 1100 now? I think that works out to about 1/50th of the purchasing power, or 22 bucks rather than 40. 

Mon, 09/21/2015 - 23:11 | 6577555 Hope Copy
Hope Copy's picture

I smell a pawn shop...  Where's the extra $35 (paper COMEX)?   The eBay flip will get you 20% after costs.

Mon, 09/21/2015 - 16:09 | 6575983 steelrules
steelrules's picture

$1000 buys $40 worth.

 Just in my lifetime according to http://www.bankofcanada.ca/rates/related/inflation-calculator/ It will take $8000 to buy what $1000 would in 1962.

Mon, 09/21/2015 - 19:17 | 6576725 tarabel
tarabel's picture

 

 

Yeah, but that rotary dial phone from the Kennedy administration wouldn't play Angry Birds on it and was really hard to tap, so modern technology is much better and thus worth more to you.

Mon, 09/21/2015 - 16:12 | 6576003 AntiFabian
AntiFabian's picture

An oz of gold in 1913 was $20, so $1,000 today is worth essentially two oz of gold in 1913.
Therefore gold today is 50% undervalued.

Mon, 09/21/2015 - 16:44 | 6576168 Stevious
Stevious's picture

Nah, back in 1913 they all knew a barbarous relic when they saw one.

Mon, 09/21/2015 - 20:44 | 6577027 withglee
withglee's picture

Ok. Here come the Mises Monks again.

There is an easy way to institute a MOE management process that "guarantees" zero inflation all the time everywhere.

It wasn't described in the article and I didn't see it in the comments (someone please reference if it was).

So come on Mises Monks. Tell us how it's done ... in 200 words or less, because that's all it should take.

Do NOT follow this link or you will be banned from the site!