Tag: Federal Reserve Bank

MONEY: The FED is “shrinking” the value of your money silently and secretly

Published on by reinkefjLeave a comment

https://tenthamendmentcenter.com/2021/10/15/yes-we-can-trust-the-fed-to-keep-devaluing-our-money/

Yes, We Can Trust the Fed. To Keep Devaluing Our Money
By: Stefan Gleason | Published on: Oct 15, 2021

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Former Fed chair Yellen wants us to trust current Fed chair Jerome Powell when he says inflation is “transitory” and merely the effect of supply disruptions.

She doesn’t want us to focus on the fact that the central bank is now buying well over 50 percent of all new Treasury debt. Nor does she want us to be concerned that the M2 money supply is growing at a 13 percent annual rate.

Sure, let’s trust the Fed.  What the Fed can absolutely be trusted to do is continue inflating.

But that means investors can’t trust fiat dollars to hold their value. Debt instruments denominated in U.S. currency will almost certainly return less than the inflation rate. Over time, bondholders risk an enormous loss of purchasing power even if the issue never results in formal defaults.

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What is a “poor” “We, The Sheeple” to do?

“Poor” is used in the sense of not rich, but yet not poor enough to qualify for the Gooferment’s dole.

Well, if you’re in the bottom of that spectrum, save your nickels and stockpile your everyday needs whenever you see a bargain. I particularly like Shoprite’s “can can” sale where the Progresso soup, which is usually near $3 / can, for a dollar if you buy ten.  I was putting them under my bed and using them when I felt like soup.  Have to watch the expiration dates. But I usually write them on top with a big black sharpie.

For those who are the top of that spectrum, I recommend a monthly buying program of whatever you can afford in a 50/50 gold and silver mix.  It doesn’t take long before you can “amass” a decent portion of “hard money”.  This presumes that you have no “bad debt” (i.e., credit cards, non-zero interest car or other capital goods credits).  

You can, of course, do both. 

Be aware of “shrinkflation”!  That’s where the package size stays the same but the content is reduced. Unit costs are the key metric.

And, remember this when the politicians say “free”!

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MONEY: Penny candy and other economic lessons

Published on by reinkefjLeave a comment

https://schiffgold.com/interviews/peter-schiff-with-tucker-carlson-inflation-is-a-painful-tax/

Peter Schiff With Tucker Carlson: Inflation Is a Painful Tax
APRIL 6, 2021  BY SCHIFFGOLD 

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We’re told inflation isn’t a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson’s show to talk about inflation. He said the price of everything is going up and the value of everything is going down.

It’s clear that prices are rising.

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I’m tired of ranting about inflation. 

Just do a search on the blog for “three silver dimes” and you’ll see some of my best examples (i.e., the Roman’s cloak, penny candy, 1968 gas prices).

It all comes down to the politicians and bureaucrats having an incentive for silent taxes.  If some Gooferment goon came in every year and seized 2% of your wealth (i.e., 2/100ths of your house), then you’d understand.

I don’t know what I can write that will make the point of inflation is due to the FED. (The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.)

Sure the rich, the elite, politicians, and bureaucrats love inflation.

It’s a racket.

“It’s a big club, and you ain’t in it! You, and I, are not in the big club.” — George Carlin
https://www.youtube.com/watch?v=i5dBZDSSky0

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MONEY: Save the penny; it’s educational

Published on by reinkefjLeave a comment

http://www.makeuseof.com/tag/keep-using-cash-support-killing-penny/

If You Want People To Keep Using Cash, Support Killing The Penny
By Justin Pot on 15th May, 2015 

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There’s quote you might have heard.“A penny saved is a penny earned” -Ben Franklin

First: Franklin never said that. Second: adjusting for inflation, an early 1800’s penny is worth about 25 cents today. With these points in mind, I propose the following update: “A quarter saved is a quarter earned” -Unknown

My point is simple: when the penny was worth more, no one saw the need for a piece of currency valued at 1/25th of a penny. Creating something like that would have been stupid, because you couldn’t have bought anything with it.penny-bucketToday, it’s nearly impossible to find anything that costs one cent. Anywhere.Seriously: try to find anything that costs a penny. You’ll have to resort to a single nail at the hardware store, but when you try to pay for it with your penny the clerk will probably tell you not to bother – saying to just take the nail and leave. 

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I disagree. The penny is an in your face constant reminder that the Gooferment, specifically the FED (i.e., Ferderal Reserve Bank) … …

— The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. —

… … stolen the wealth of the world by inflation. I insist on ranting every time some wants to get rid of the penny, by pointing to Ron Paul and the evils of fiat currency. 

Without the Fed’s fiat currency, WW1 and WW2 could not have been fought and the current welfare / warfare state would be impossible. 

The penny is the “canary in cage” for the national debt, the deficit, the unfunded liabilities, and the out of control spending.

Keep the penny and let’s not forget WHY it’s worthless!

If you doubt any of this rant, listen to the Tom Woods podcast http://tomwoods.com/podcast/ep-397-the-fed-the-lifeblood-of-the-empire/ and how the FED enables war.

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