KentForLiberty pages

Wednesday, November 15, 2006

Money

Do you ever wonder why things keep going up in price?

The government and their collaborators in the media blame "inflation". They claim it is because greedy companies keep raising the prices. Now do you want to know the real reason prices go up? They don't. The US dollar just keeps losing value.

Back when the US dollar was guaranteed with silver, it kept its value. The Constitution defines a dollar as a certain weight of silver. Four hundred and twelve and a half grains of 90% silver to be exact. The Federal Reserve Bank (which is not federal, not a reserve, and not a bank) has stolen "dollars" from America and substituted Federal Reserve Notes (FRNs) which we are now legally forced to accept. These are only worth anything because the US government says they are. Compared to the real dollar of pre-1913, the FRN is now worth about 4 cents.

This is reflected in prices, which are shown in "dollars" but are really in FRNs, appearing to rise, through "inflation". Look at the Silver Dollar. Once upon a time, it was made of 90% silver, weighed about an ounce, and would trade 1:1 for a FRN paper dollar.

Now you can still get them, but although they say "one dollar" on them, they cost between $14 and $20 FRNs each (as of November 14, 2006 at 6:02PM Eastern time. I checked a few different places). Plus, if you deposit one into your bank account, you will only get credit for ONE dollar.

I am not a monetary expert, but it is plain to see that the US government, along with the Federal Reserve is stealing the value of America. Trade all the FRNs you can afford to part with for REAL money in the form of gold and silver, and start today. You will be glad you did.