RANT: The true root of the USA’s problem — faith-based money; no gold


Saturday, December 17, 2011

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The point I was making was that the two biggest ripoff generators in recent years affecting the American public were involved. Oil producers and a bank. The royal family requiring $3 million pocket money for a London vacation. A bank with so much extra money that it invests $7.4 million in a rare gold coin.

Something is wrong with the system! The rich get richer. Poor poorer. The incidents reported sort of like spitting in some one’s face.

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Amusing about the “oil”? Every President — D and R — since I can remember from Nixon on has promised to make the USA energy independent. Which logically would imply that OPEC would get less of our money. But, demonstrating that politicians and bureaucrats would rather talk than do, the USA, despite having a “department of energy”, ain’t independent.

With respect to gold — I believe that the “little people” have been screwed royally by FDR’s gold seizure (i.e., gold was removed from the money supply). This allowed the banking cartel, the “Federal” Reserve System, to inflate the money supply and destroy the value. It allowed Presidents, politicians, and bureaucrats to spend without concern. Guns and butter. Warfare / Welfare state. Without the check of having to get money from the taxpayers. And, we all fell for the ruse. Ron Paul in one of the debates had a killer line that went like “three silver dimes bought a gallon of gas in the late Sixties, today those same three dimes will buy more than a gallon. It’s not that gas has become more expensive, but the money is worth less.” Absolutely true! I remember buying gas at 25¢ a gallon while getting a free glass, trading stamps, and my windshield cleaned. Argh!

My point is that the poor, the working stiff, the pensioner are screwed by inflation.

(And, when they don’t like the numbers, the bureaucrats exclude energy, food, or whatever other inconvenient component they feel like. Pat us on the head and tell us “move along. nothing to see here.”)

Occupy had many flaws, but I think what they could NOT express cogently was “we’ze gettin’ screwed”. They were just “occupying” the wrong place. Wall Street as a symbol for crony capitalism wasn’t the root. It was the politicians of both parties that are the problem.

And the TRUE ROOT of the problem is faith-based fiat money. From time immemorial, the little guy has been <synonym for the past tense of the procreation act.> by the “King” debasing the monetary unit.

(Go to the Smithsonian and see the French Franc over decades. From the gold hockey puck of Louis 1 to the paper thin collar button of Louis 17. That’s a visual problem statement. Cant do it with a paper dollar, but we know that between 1970 and 2010, it lost 98% of its purchasing power. That’s why there’s no penny candy any more.)

“We, The Sheeple” are SOOOOO dumb!

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