Think about this: In the 1970s, you could buy a brand new car straight off the assembly line for just $2,000, a price that seems almost unbelievable today. However, fast forward to 2024, and that very same car now costs an astonishing $38,000. This staggering increase raises an important question: Why is this dramatic change happening in such a relatively short span of time?
The answer lies in a complex phenomenon known as inflation, which is significantly influenced by the relentless printing of worthless Federal Reserve notes—known as paper monopoly money. This practice has a profound impact on the economy, as it drives the buying power of Americans way down. Consequently, this means that we are now forced to pay a lot more for a lot less in terms of value. As more Federal Reserve notes (paper monopoly money) are continuously printed, it will inevitably lead to a further decline in our collective buying power, making it increasingly difficult for the average consumer to afford basic necessities, let alone luxury items.
This inflationary trend is also the reason why the price of gold has skyrocketed over the years. Interestingly, the value of gold itself has not inherently increased; rather, it is the worthless Federal Reserve notes (paper monopoly money) required to purchase it that have inflated in number, reflecting the overall decline in currency value.
Moreover, this phenomenon is not limited to just cars or gold; it is the same reason why everything else in our economy has seen significant price increases. From everyday necessities like groceries and household items to luxury goods and services, the impact of inflation is felt across the board, affecting our wallets and overall financial well-being. As we navigate this challenging economic landscape, it becomes increasingly clear that understanding the forces behind these price changes is crucial for making informed financial decisions.
Only when the Federal Reserve is abolished and replaced with a secure and reliable financial system that genuinely benefits the people, not just the elite, will we be able to effectively abolish inflation and restore the buying power of Americans to levels that were once enjoyed many years ago. This new system must prioritize transparency, accountability, and equitable access to financial resources, ensuring that all Americans can participate in and benefit from economic growth. By fostering an environment where financial stability is paramount, we can create a robust economy that empowers individuals and communities alike, ultimately leading to a more prosperous and fair society for everyone.
Let it be known that Legislation (H.R. 8421) has been introduced to abolish the Federal Reserve by Rep Thomas Massie on May 16, 2024
Rep Thomas Massie said: "Americans are suffering under crippling inflation, and the Federal Reserve is to blame," said Rep. Massie. "During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department with interest to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today."
"Monetizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street," Rep. Massie continued. "Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve."
You can read the text of the bill here:
https://massie.house.gov/uploadedfiles/endthefed.pdf
This vision for a more equitable financial future also involves having a set amount of money minted that is backed by tangible assets such as gold and silver. This approach not only provides a solid foundation for our money but also instills a sense of security and confidence among the people. In addition, a full return to the gold standard is essential for ensuring stability and trust in our money, as it ties the value of money to a physical asset, reducing the risks associated with inflation and speculative financial practices. By anchoring our monetary system in reliable resources, we can create an economic environment that fosters sustainable growth and protects the financial interests of all Americans, ultimately leading to a more resilient and trustworthy economy.
By implementing a monetary system where money is fully asset-backed by gold and silver, we can create a robust economy that prioritizes the well-being of all Americans, fostering an environment where prosperity is shared rather than concentrated in the hands of a few. This equitable approach not only mitigates the risks of rampant inflation but also reinstates a profound sense of financial security for future generations. By grounding our money in tangible assets, we encourage responsible fiscal policies and reduce the volatility often associated with fiat currencies. Furthermore, this system promotes economic inclusivity, empowering individuals and communities to thrive collectively, ensuring that everyone has the opportunity to benefit from economic advancements while safeguarding their financial futures.