September 11, 2018
Imagine coming home from a day at the office to find some of your possessions missing. There’s no sign of forced entry, and nothing overly valuable has been taken, so you write it off as a close call that could’ve been much worse. About a year later, the same thing happens again, and the year after that, and so on. How many years of this would it take before you started to feel cheated, fearful, and like something needed to change?
This make-believe scenario isn’t far removed from the Federal Reserve’s policy of maintaining a 2% yearly inflation rate. Sure, 2% sounds like small potatoes, but 10 years down the road, that 2% has accumulated into a 20% loss of purchasing power. This is no different than the thief in the night, stealing from your home. Except that the Federal Reserve is taking from every home in the United States of America; rich and poor alike, no one is out of the reach of the power of the central banking system.
Through inflating our currency supply, the Federal Reserve has enslaved a generation of retirees. Rising prices for consumer goods, the inevitable result of inflation, has drained the savings of the frugal, many of whom are now totally dependent on their monthly social security checks. As a result, many hard workers are now living at the poverty level.
However, we are living in a deaf society. You only have to switch on the evening news to hear statements from the Fed proclaiming their victory of attaining a 2% inflation rate, and also of their earnest desire to maintain that level. No one bats an eye or seems to take notice. There are even spin doctors telling Americans that they need to inflate the currency so Americans can cope with rising prices! A fine piece of sleight of hand, rising prices are the effect of inflation, not the cause. The cause is easy fiat money and fractional reserve banking.
Economists agree that since the inception of the Federal Reserve in 1913, the U.S. dollar has lost 95% of its purchasing power. The Fed is on board to hack a 2% sliver away from that remaining 5% every year until the dollar is truly not worth the paper it is printed on.