Today's
dollar bills are nothing more than pieces of paper with no
value, referred to as "Federal Reserve Notes" (FRN). A note in banking
terms is considered debt. It is an IOU that promises to repay
the borrowed money according to the terms of the note. If
you take any FRN out of your wallet and look at it, you will
see that there is no promise to pay you anything. In other
words, a FRN is an "IOU nothing."
In contrast, a one-dollar "Silver Certificate"(1935 series)
clearly spelled out the terms of the contract by stating:
"THIS CERTIFIES THAT THERE IS ON DEPOSIT IN THE TREASURY OF
THE UNITED STATES OF AMERICA ONE DOLLAR IN SILVER PAYABLE
TO THE BEARER ON DEMAND".
In 1935, a dollar was an honest weight of tangible, redeemable
silver. But today, the only thing that gives the FRN any value
is the reassuring babble on the left hand portion of the note
which states: "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC
AND PRIVATE".
In conclusion, we see that since silver certificates were
removed from circulation some time ago, we no longer have
an IOU note that promises a tangible return in a form of noted
value like silver. Our certificates backed by physical silver
are now replaced by pieces of worthless paper made out of
wood and cotton. Our Federal Reserve notes today are nothing
but an IOU nothing!!! Here is a piece of information I came
across recently that pertains to money, not silver, and I
find it very interesting. It is about to how the Federal Reserve
refers to a "dollar". It is called a Federal Reserve Accounting
Unit Denomination, or FRAUD for short. It has been said that
truth is stranger than fiction and in this case, it certainly
appears so.
Our Dollar has declined about 95% in value since 1913. I will
give an example of how this affects you. In 1913, if you tucked
away $2,000, which would have been more than a year's pay for
most, it would still be $2,000 face value but have only the
buying power of about $100 in today's
purchasing power compared to that of 1913 due to
inflation and the depreciating value of our dollar. Another
way of looking at it would be that what $100 bought
back in 1913 takes around $2,000 today to purchase. So it would
be safe to say that our dollar is worth less than it was back
then and someday it may be worthless. All fiat currencies
eventually reach their intrinsic value of zero!!! If you were
to open up a CD at your local bank paying around 1.5% annually,
you would be losing around 1.5% a year on your money due to
just a low 3% rate of inflation. Now, if you had taken that
same $2,000 in 1913 and bought gold, the value of your money
today would be worth over $33,000 at today's historically low
gold price. The price of saving in fiat dollars? You do the
math.
Are you trusting in worthless fiat paper or protecting
yourself with gold? The smart money is trading in
fiat paper and buying gold as the dollar collapses. What are
you doing?
Use the CPI Inflation Calculator and see how your money
is depreciating!
CPI
Inflation Calculator
When money suffers depreciations and devaluations it
invites government price and wage controls….. and many other
governmental restrictions on individual activities. Monetary
destruction breeds not only poverty and chaos, but also
government tyranny. Few policies are more calculated to
destroy the existing basis of a free society than the
debauching of its currency. And few tasks, if any, are more
important to the champion of freedom than creation of a
sound monetary system."
Hans Sennholz, Austrian economist
"Lenin is certainly right. There is no subtler or more
severe means of overturning the existing basis of society
(destroy capitalism) than to debauch the currency. The
process engages all the hidden forces of economic law on the
side of destruction, and it does it in a manner which not
one man in a million is able to diagnose."
-- John Marnard Keynes, The Economic Consequences of the
Peace
"Money is the most important subject intellectual persons
can investigate and reflect upon. It is so important that
our present civilization may collapse unless it is widely
understood and its defects remedied very soon."
--Robert H. Hemphill, Federal Reserve Bank of Atlanta
"Too much paper has been printed in
the past, and will have to be wiped out no
matter what." James Dines
- The Dines Letter
"It will be hard for people to believe
this but, via inflation, their own government did them in.
Practically on a daily basis in 1974 people saw rising
prices in grocery stores, as they received fewer goods for
their dollars. A full-fledged panic away from paper money
could start" James Dines - The Dines Letter
"People say gold is useless. Not true.
It is demonstrating its function right now. Gold is the
ballast for the printing press used in making paper money,
and gold relentlessly punishes offenders" James
Dines - The Dines Letter
"It's dawning on many people that to
defend the dollar, U.S interest rates will have to go up;
else, money will be transferred from the U.S to England to
take advantage of higher interest rates, and a dollar crisis
would ensue. However, if interest rates go up, this might
choke off the boom in our economy. What a dilemma!"
James Dines
Below are some articles to better explain the folly of fiat
money.
The Sheeple's Fiat Currency..
Ripping Off The Poor - Inflation
Bubble Blower
OIL FOR GOLD!
The Beginning of the End for the Dollar
Fundamentals
of the Dollar
Please
Define Dollar
Gold
vs. The Dollar
Twilight
of the United States Dollar
Long
Bond Mystery
YOU ARE NOT SAFE IN DOLLARS, any more
than walking the streets of South Central LA, or North Philly.
The buck may be used as the measuring stick of our wealth,
profits, and prices, but eventually the sham will be
discovered by more and more of the populace. You simply cannot
fool all of the people all of the time. In Germany, once the
Reichsmark presses really got into overdrive, and in America
three times already, more and more people got wise, and got
out of those currencies. They saved themselves and their kin,
by doing it. They knew they had better buy something.
Anything, because the price would be higher next month, next
week, tomorrow, or in a couple of hours, as the procedure
followed all of known history. Some are going to the euro now,
but this is just another printing press product. All
currencies in the entire world, are printing press products,
and have no value other than temporarily. As more and more get
wise and cash in, the process increases in velocity, and the
process feeds on itself, till the currency is only good for
starting fires or taking to the outhouse. Avoid the rush, and
get out and into something tangible. I can't change history,
and I can't stop the politicos from debauching their own
currency. They all follow recorded history, and all are doomed
to not learn from it, but repeat it. Will you be a victim?
Like the majority, who usually are wrong? Protect yourself.
DON STOTT
Listen here for an audio broadcast by Dr. Larry Parks on
the corruptness of our fiat money system.
FSO
Interview of Dr. Larry Parks
Visit Dr.Larry Parks' site - Fame.org
Notable
Quotes on Money
What
the President should know
Corporate
Christianomics
True
Wealth For Christians
How to protect yourself from the
coming Dollar collapse!!!
The Nature of Money
Turn Lead Into Gold
CHANGING COURSE
Insane! $160,000 Gold!
Silver Investor - This Week in Silver
Bible
Investments
1-631-728-4133
info@bibleinvestments.com
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