Jan 24, 2017

What Will $100 Trillion Dollars Buy You Today?

Common Sense Commentary: In America's age of former greatness, her roots were expressed in the adages of her working men and women. Such observations as, "Nip it in the bud." "Waste not, want not". "A stitch in time saves nine." "Work is not a four letter word." "Opportunity comes to those who quit waiting and start doing." "God helps those who help themselves." "Don't put the cart before the horse." "Don't cast your pearls before swine." "A penny saved is a penny earned." "Well done is better than well said." "Live not to eat, but eat to live." "God is not my co-pilot, I am his." Those adages were an expression of the soul of America whose roots were in the Bible.

While the honest working people were trying to live up to those adages and the American dream, our politicians were devising ways and means of "feathering their own nests" and accomplishing their own agendas. It was a perversion of our Republic of Laws in favor of buying off  the Democrat majority with the largess bated trap of Socialism and taxing the working class into the minority.

So the politicians devised a means of governmental income with which to pay the price of their scheme. On Dec.23, 1913 the Federal Reserve Bank System was created in the United States. At that time a $20 dollar bill would buy as much  as would cost $484.86 today. So, through the mismanagement of inflation, our U.S. currency has lost 98% of its buying power. What would have cost $1 then will cost $100 today. An increase in the cost of an item from $20 up to $40 is a 100% increase. An increase to $60 is a 200% increase. From $20 to $484.86 is a 2324.3% increase in the cost of that same item.

This didn't happen over night, over a year or ten years. It happened slowly enough that the American people gradually accepted it as "normal" (cooking a frog in a pot). It gave the government a means of taxing its citizens which they would not recognize as a tax and allowed politicians to simply "print" the money to pay for their pet projects, salaries, and bridges to nowhere. As long as we had the Gold Standard, till 1973, their wasteful spending was restricted to the amount of newly mined gold deposited in our gold reserves at Fort Knox and West Point and NY. But since 1973 our politicians have had no limitations and have spent us into a 200 trillion dollar pit of debt. $20 trillion borrowed and $180 trillion in unfunded contractual liabilities, (S.S., Medicare, Medicaid, etc.) A bomb in a pressure cooker.

So, considering the above, what does one hundred trillion U.S. dollars buy you today?
At this time a century ago it would have bought all of the real property, wealth and real estate in the world.
Today it will only buy a mansion in every country, an airplane at every airport and a private island in every ocean?
When the inflation policy of Zimbabwe, in recent years, issued its infamous 100 000 000 000 000 (100 trillion) dollar bill, it would buy 3 eggs on the day it was issued. A few days later, it could only buy one egg. Today that 100 trillion Zimbabwe dollar bill will buy nothing. It is used to start fires.
Our national currency is headed in that direction. Democrats say, "So what, its just paper money, so give me more and more and more of it cause I'm entitled". No, its a poor widows rent, food, utilities, medicine and a comfortable bed to sleep in. Its a child's nursing bottle of milk, its diapers, a warm home in winter and cool in summer. Its a teen ager's school books, transportation to school, clothes and college education. Its a young couple's motivation to work, hope for a home of their own, a car, insurance, food and means to pay off their college debt. Its what the taxpayers gave their labor, time, talents and young years in exchange for.

So what are you and I supposed to do about the decreasing value of the American people's paycheck?
Put a stop to our own and our government's waste of the labor, time, talents and young years which half of the American people gave of themselves and their lives for, which is then taken from them and given to people who refuse to work for their own upkeep. And that not because they are elderly or handicapped or sick, but because they are too fat, or lazy, or drug addicted, or wasteful to get a job. RB

"Neither did we eat any man's bread for nought; but wrought with labour and travail night and day, that we might not be chargeable to any of you....For even when we were with you, this we commanded you, that if any would not work, neither should he eatFor we hear that there are some which walk among you disorderly, working not at all, but are busybodies. Now them that are such we command and exhort by our Lord Jesus Christ, that with quietness they work, and eat their own bread."1 Thess. 3:8-12. 

1 comment:

Rex said...

There is no free lunch, which means there will be a payment due. Most certainly an overwhelming payment.