The TRUTH About Inflation
The following appeared in the Sunday, October 23, 2005 issue of PARADE Magazine, pg.8 . . .
by Marilyn vos Savant
Q - Can you explain why a man often could support his family on his own in the '60's yet usually needs his wife's income now? --- John Stratton, Baltimore, Maryland USA
A - In my mind, one factor stands out from the rest: a greatly increased standard of living. Back then, people didn't even pay for television, let alone satellite radio, Internet service providers and cell phones. Cars had few safety features, and strollers for children were sinmple, inexpensive vehicles for transportation Now, strollers are designed for comfort, convenience, and, above all, protection of the child. Diapers were washed, not discarded at greatly increased cost. And that's the point: Yesterday's luxuries and dreams have become today's routines.
This woman is supposed to be (and bills herself) the smartest woman alive, and she answers this extremely important question with THIS NONSENSE?!?!?!?!
Here is the TRUTH ABOUT INFLATION, straight from the mouth of current Chairman of the Federal Reserve, Alan Greenspan, from 1967:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value ... The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth."
--– Alan Greenspan, "Gold and Economic Freedom," 1967
There was no mention of INFLATION by Marilyn vos Savant, and how inflation is artifically created, by manipulating the amount of currency in circulation. There was no mention of the loss of jobs, the destruction of the economy, and no mention of the Federal Reserve itself being an unconstitutional privately-owned central bank, which is ALWAYS working to the detriment of the U.S. citizens, since its' creation in 1913 by the Federal Reserve Act.
Manipulated inflation of and by itself had forced many families to turn out mother to help earn a living outside of the home. Increasing prices of domestic goods and stagnant wages have forced mother into the work force, turning all of her children into latchkey kids. These same two forces, stagnant wages and inflation, have also artificially manipulated the earning and purchasing power of the typical middle class family. It has bound them to an economic level at or below what they were when mother could last afford to stay at home with the kids, while father went out and earned enough to raise a family all by himself.
The late William Cooper, who wrote the truth-telling book BEHOLD A PALE HORSE, had a very interesting take on inflation:
“Remember that inflation is only the act of printing money in excess of Gross National Product. They could blame it on the price of widgets or oil only because you never knew the real cause. The real cause and only cause of inflation is the printing of more money beyond the Gross National Product.
They must eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor, and the politicians are the publicly hired hit men that justify the act to keep the responsibility and blood off the public conscience.”
--- William Cooper, Behold A Pale Horse pg. 49
Kind of makes one think quite a bit differently about war, doesn’t it?
Inflation is the amount of excess money that is printed and circulated that is beyond the amount equal to the annual gross domestic product of the USA! Inflation is “artificially created,” and does not occur naturally in any market economy, no matter what that economy is built upon, or indebted to. Inflation increases the cost of acquiring goods and services. Artificially adjusted to compensate for raises and salary increases in the working class, inflation works as a constant manipulation, so the average person is ALWAYS RUNNING JUST TO STAND STILL.
Furthermore, liens allow the bank to declare your property as an asset of theirs!
With something called FRACTIONAL RESERVE BANKING --- banks are allowed to loan TEN TIMES the amount they have on deposit at any given time. Also, if large sums of money are suddenly withdrawn from deposits at the bank, there is no mechanism that would force them to control their outstanding loans back into balance with what is actually on deposit AFTER the funds are withdrawn.
As it is, most of the money IN CIRCULATION merely exists as nothing more than bookkeeping entries, and not physical paper and coin money. When one gets a LOAN at a bank, usually no money changes hands. It is merely a few buttons that are pressed --- this is money that does not exist, will not exist in the future, and has never existed in the past. It is nothing more than a few taps of the computer keyboard that either DEBITS or CREDITS the money in the account.
This nonsense about ECONOMIC CYCLES is just that, nonsense. By manipulating the money that is in the public sector, by the calling in of outstanding debt, the POWERS THAT BE create the illusion of normal economic cycles. They have created the system, and they oversee the system. When one of THEM gets into trouble, they are self-investigated. It is a WIN-WIN situation for THEM, and a LOSE-LOSE system for the working class.
The following sources were used in the creation of this Kentroversy Paper . . .
Parade Magazine - Ask Marilyn (October 23, 2005)
Behold A Pale Horse
Fractional Reserve Banking