Inflation in America: ‘Virtually unheard of until the Federal Reserve took over’

Picture of the Week

Michael Krieger:

“As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard in 1971.  Continue reading

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Gold still undervalued: The West want to keep the inflation signals off people’s radar screen

BUT
A picture is worth a thousand words…

Gold saw gains against all fiat currencies again in 2012

Gold’s Gains In All Fiat Currencies in 2012 / Image via harveyorgan.blogspot.ca

Gold’s Gains In All Fiat Currencies in 2012 / Image via harveyorgan.blogspot.ca

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Llew Rockwell: War and Central Banking are linked

Image by Salvatore Vuono / freedigitalphotos.net *

The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. – Ron Paul

“Central banks, established by the world’s governments, allow those governments to spend more than they receive in taxes.”

“They allow governments, via inflation, to finance their operations far more cheaply and surreptitiously than they otherwise could. As an enabler of inflation, the Fed is ipso facto an enabler of war.

Creating money out of thin air is preferable for governments, since the process by which the political class siphons resources from society via inflation is far less direct and obvious than in the cases of taxation and borrowing.”

“What we need today is the separation of money and state.” Llew Rockwell (emphasis added)

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Utah’s Utopia? U.S. States Seek to Break Financial Connection with Federal Government

David Castillo Dominici / FreeDigitalPhotos.net *

“the United States is approaching a Constitutional crisis because states are beginning to financially break away from the federal government.  This is no less serious than the American War of Independence or the War Between the States.  The Utah Monetary Declaration (below) is a financial declaration of independence whereby states are beginning to opt out of the Federal Reserve System.  A major confrontation seems inevitable.” Ron Hera, Hera Research  Continue reading

Legalize Currency Competition : Ron Paul

Image: jscreationzs / FreeDigitalPhotos.net *

“In order to fund its military operations during the 1860s, the federal government for the first time in its history issued paper currency which was unbacked by any commodity and was to be accepted at face value as a legal tender.”

“For the past 40 years we have lived in a world in which the issuance of money is completely at the discretion of governments and central banks, and we are reaping the consequences. The fiat money standard has led from one financial crisis to another, as each attempt to inflate out of the previous bubble only sows the seeds for the next crash.”

“Historically, legal tender laws have been used by governments to force their citizens to accept debased and devalued currency.”  Ron Paul

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