- Continued money printing, maybe under some disguise or many disguises. The American people should never discover that the money creators are carrying on modern warfare against them. No matter what name or pretense they use to print money, they are transferring wealth from the people to the money creators. All U.S. dollar assets are under attack. Did you hear your politicians warning the American people? The exceptions are Ron Paul and Texas Governor Rick Perry, though I’m not sure he understood what he was saying.
- Massive devaluation of the U.S. dollar. As if consistently printing multitrillions of new dollars weren’t enough, we might as well prepare for the eventuality of an overnight or weekend huge devaluation preceded by denials “that it will never happen.” Desperate governments do desperate things, like attacking their own people. We may believe it or not. There is more than enough precedent in America and the world.
- Exchange controls. Greater restriction of money leaving the United States. The excuse will be the same old, same old “money laundering.”
- Money printing creates higher prices on everything. Few people are alert to the fact that higher prices are caused by money printing. It is the value of paper money going down that we call inflation or higher prices.
- Stepped-up police state under a barrage of propaganda. Our politicians will cooperate with the police state. There will be more and more controls and restrictions of freedom.
- New war(s) will be waged under the same old fear-based propaganda. Warfare is a vital part of a worldwide paper-money system. It is the alter ego of the Keynesian welfare state. I suppose we could say paper money plus blood is the foundation of the Keynesian welfare state.
Paper Money Is Not Wealth
November 28, 2011 By 4,585 Comments
Bob Livingston Personal Liberty November 28, 2011 Have you ever seen “old people” hold and fondle their paper money? They count it, hide it under the mattress and bury it for safekeeping. Remember my example of the power of inflation? I said that you could bury your paper money 40 miles deep in a sealed concrete vault, and it still could be inflated or devalued to nothing. There is no way to preserve your paper money. It is up to the money creators to not overprint. Here’s how we are fooled: People equate fiat paper money like U.S. dollars with wealth. Only if paper money held its purchasing power could it be a store of value. Only then could you bury it and forget it.