Reagan warned us this was coming. He said Those who had the most to lose, did the least to prevent it And thats exactly what weve done. The line about injecting 600 billion into the economy, I just want to explain. What that means is he simply printed 600 billion dollars and added that into circulation. If you dont understand how it could be a bad thing, Ill make it simple. The economy is like Kool Aid. Its great when there is the right mix, but if you add too much water, it gets watered down, diluted. Its no good. The value of the Dollar is EXACTLY the same. If you have 100 billion worth of gold, you print 100 billion worth of paper money. If you print 200 billion, then the value of the dollar isnt a dollar anymore, its only 50 cents. Thats the reason why the Fed will not make public how much is in Fort Knox, its why there is no actual accounting as to how much gold is in the US treasury. To put it simply, we have nothing to back up the money we print. It is absolutely worthless. The money in your wallet and in your bank account is WORTHLESS! If everyone turned in their us currency and bought gold, or silver or some other precious metal, the government would immediately make owning precious metals illegal. Its a fact, because the government cannot refund the value of the currency they have printed. It is unsecured. Think about that for a minute That means what you are being paid with, what you are putting in the bank, is nothing more than paper with ink on it. And what is paper with ink on it worth? Can you splash some ink on paper and go to the store and buy food with it? No, will it pay the debt on your house or car? No. So what will you do if the economy crashes? If there is a depression? That money you have saved up, or in the bank, even if youve hidden it in your mattress would be good for one thing, and one thing only, starting a fire. The worst inflation in the world, saw countries printing million unit denominations, which basically means if it got out of control here, you could see a million dollar bill. If it ever got that bad, what good would those tens, twenty, fifty, and hundred dollar bills get you? You might think it cant happen here, but ask the woman in eastern europe who was heading to the bakery hauling a wheel barrow full of cash to buy one loaf of bread if she ever imagined thats what a load of bread would cost. Reagan was spot on. https://youtube/watch?v=P3hY1eagq88
Posted on: Wed, 20 Aug 2014 08:07:20 +0000
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