http://www.freemarketnews.com/Analysis/110/5618/texas.asp?wid=110&nid=5618
FEDERAL RESERVE POLICY DESTROYS THE VALUE OF YOUR SAVINGS
Tuesday, July 11, 2006
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The Treasury department parrots the Fed line that consumer prices, as measured by the consumer price index (CPI), are under control. But even many mainstream economists now admit that CPI grossly understates true inflation. The most glaring problem is that CPI excludes housing prices, instead tracking rents. Everyone knows the cost of purchasing a home has increased dramatically in the last ten years; in many regions housing prices have more than doubled in just five years. So price inflation certainly is alive and well when to comes to the largest purchase most Americans make.
When the Federal Reserve increases the supply of dollars in circulation, both paper and electronic, prices must rise eventually. What other result it possible? The supply of dollars has risen much faster than the supply of goods and services being chased by those dollars. Fed policy makers have more than doubled the money supply in less than ten years. While Treasury printing presses can print unlimited dollars, there are natural limits to economic growth. This flood of newly minted US currency can only increase consumer prices in the long term.
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When most people think of gubamint, they think of it’s “benefits”. Or, perhaps what they would like it to do for them.
Nice people, who would not think of pickpocketing your wallet, have no reluctance to authorize gubamint to do it for them.
Just as it is wrong for YOU to steal my wallet, it is just as wrong for YOUR gubamint to do YOUR dirty work for you stealing my wallet.
Now when we think of government theft, we might think of TAXES. But that, while bad, is just the tip of the iceberg. The gubamint has other tools that are worse. So, you pay your unconstitutional income tax and your immoral sales tax and your unbelievable property tax and you’re smugly happy. Let’s see how the gubamint sticks it to you!
Inflation, a tax upon your savings, is the bottom of that iceberg. That iceberg will sink the USA. If you think as you were taught by classical economics, then money is a store of value. But, it hasn’t been since Roosevelt took gold out of the money! The gubamint can finance all the guns and butter they want by just printing more money and you are none the wiser. Except your dollar buys a lot less year after year. This tax is FAR more devastating than those income, sales, and property taxes combined.
Unavoidable fees are taxes in dusguise that give the policticians and bureacrats slush funds.
Laws that the gubamint passes are taxes since they increase our costs directly and indirectly.
Regulations from the unelected bureaucrats are taxes since they increase our cost directly and indirectly.
The taxes, laws, and regulations imposed by the gubamint on corporations just get passed along to us people disguised in the price.
Don’t forget this is AFTER you paid income, sales, and property!
And, then you die, and then you get to pay a DEATH tax.
Reinke Faces Life 