The Truth About Money
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We’ve all heard the saying “money can’t buy happiness.” And if the true value of the U.S. dollar ever reared its ugly head to every American, money wouldn’t even buy a gumball Many of us think if we spend 80 to 90 of the possible 168 hours every week working a job we will eventually become wealthy and buy a happy life. Instead, millions of hardworking people lost their homes, jobs, and pensions this past decade and are left wondering what more they could have done or what they did wrong. Learn the truth about what money really is, where it comes from, and how you can protect your families from fiat manipulation with things such as gold coins, tangible assets and tax-free gold.
Where Do Dollars Comes From?
A common answer to this question is the U.S. Treasury, which would make sense. U.S. dollars are valued and printed exclusively by a private, for-profit central bank called the Federal Reserve. Contrary to popular belief, the Fed is not a government agency at all. Those who study economics and banking jestfully declare “the Federal Reserve is about as ‘federal’ as Federal Express.” President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913, effectively signing over the economic destinies of all Americans to a private corporation.
The original U.S. dollars printed by the Fed were actually gold and silver certificates, redeemable at any federal bank for the face value of the note in gold. Thus, the money the Fed printed actually had real value until 1934, when the United States made it illegal for citizens to own gold. President Franklin Roosevelt signed an executive order in 1933, forcing Americans to turn all their gold into a Federal Reserve Bank, under threat of imprisonment. Since then, the Fed issues “notes” backed only by more notes, instead of gold and silver certificates. President Richard Nixon signed an order declaring a complete severance of dollar valuation from gold in 1971, and Congress ratified legislation in 1978 completely ending the gold standard.
Inflation
We’re led to believe everything was cheaper 50-60 years ago because those were simply the “good ole days.” The U.S. dollar has gradually lost value and legitimacy since 1913 due to the Federal Reserve creating money out of thin air with nothing backing it to give it real value. What cost $1 in 1913 jumped to $1.82 in 1945 after the Roosevelt order. But the really dramatic changes started in the 1970s after Nixon and Congress ended the gold standard entirely. You needed $4 by 1970 to get what the original dollar bought, and by 1980, it was $8.32. In 2012, it takes $23.27 to buy what $1 would in 1913.
What Can You Do?
The best advice for Americans looking to secure their futures is to divest from the U.S. dollar. As the dollar continually loses value, precious metals gain it. Instead of a saving account storing U.S. dollars, buy gold and silver bullion from a dealer such as US Money Reserve. This past decade saw the value of the dollar drop dramatically, while the price of gold increased sixfold, and silver nearly tenfold.
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Category: Money
