One economist talks about inflation this way, "By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." -- British Lord John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).
In 1863 a banker from Rothschild Brothers of London put it this way, "Give me control of a nation's money and I care not who makes it's laws," Mayer Amschel Bauer Rothschild .
So there you have it in two direct quotes. Now it is a daunting task to describe the devaluation of the dollar in terms that millions of people can understand…and do something about.
And this devaluation through inflation has been going on for a very long time. "This Time is Different: Eight Centuries of Financial Folly" by Kenneth Rogoff. Its very scholarly research into eight hundred years of past financial crises is very interesting. (Interesting that virtually all the sovereign debt crises in history end in default through hyperinflation!) What the western financial world is experiencing now is from a playbook repeated some 240 times in the past 200 years alone and many more times before that! It is NOTHING new and, in fact, is one of the most commonly repeated dramas in history. This time it is following the same playbook!
And finally there is another important book. This book, “Fiat Paper Money, The History and Evolution of Our Currency" by Ralph T. Foster is a text that should be studied by all those that claim to be students of markets, history and currency.
Mr. Foster proves historically that a currency that continually loses buying power over a contiguous period of years and enters into a period of significant economic dislocation will implode all of a sudden as in a currency event of hyper-inflation.
All the above, suggests that there is a severe systemic problem with the western world’s money supply. Will it be addressed and fixed in time? In the meantime, life goes on in Anytown.
Anytown residents dutifully take their devalued dollars to the town hall to pay their not-so-delightful property and numerous other taxes. Most citizens of Anytown see this deliberate deed as a patriotic duty even though they’re declining household budget is slowly dissolving. This tax is made even more difficult by the deceitful actions derived in Washington D.C. by some despicable politicians residing there. It is now starting to become apparent that the politicians are in the pockets of the corrupt bankers. This is because no serious politician can be elected without corrupt banker money.
Anytown students will keep taking the tests to spend $100-$200 thousand to go through college.
Anytown students will then get out of college and start looking for a good paying job.
Anytown students will then be confronted with the bill and debt for all of the above. Uh – oh!
I wonder if the students are now aware of what is going on in the financial world. They soon will be!