Inflation steals from you; Danger: USA is no longer #1

 

Poor Man Survival

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How inflation steals and money controls

Danger: USA is no longer #1

If you're going to take someone's advice, who would you choose: the person who had been consistently right or the person who always got it wrong?

Or, to put it another way, if a person had a history of consistently making statements that proved inaccurate, would you continue to put faith in anything that person said?

The obvious answer is that you would choose the advice of someone with a proven track record of being correct. To do otherwise is pure folly.

Yet the American people continue to follow the foolish path. In so doing, they act against their own best interests.

Why do people continue to believe that following the advice of Jerome Powell and the Federal Reserve board, or former chairs Janet Yellen and Ben Bernanke — or their predecessor, Alan Greenspan, for that matter — have a desire to lead us to the end of economic malaise?

Greenspan's easy-money policies created the housing bubble that burst in 2008. Bernanke, who replaced Greenspan in 2006, continued Greenspan's policies through the crash and beyond. And the housing crash and ensuing Great Recession (which is really a depression) blindsided him, if he told the truth.

As late as mid-2007, Bernanke said he thought the economy was behaving perfectly and would continue to expand and prosper.

But there were many who recognized otherwise. Also in 2007, Peter Schiff published a book entitled Crash Proof: How to Profit from the Coming Economic Collapse. He obviously saw what was looming on the horizon.

You may recall, if you are a subscriber, that in the December 2006 issue of The Bob Livingston Letter^® I wrote: "The U.S. housing market is the largest market in the world. You can imagine what economic madness lies ahead. The housing bubble was created to burst. It is a mess and the whole world is holding its breath. Hot air will not support anything, but this is the foundation of the housing bubble."

And as far back as March 4, 2003, Ludwig von Mises Institute adjunct scholar Frank Shostak wrote on Mises.org: "If the pool of real funding is in trouble at present then this is likely to undermine various markets including the housing market. Moreover, the more aggressive the Fed's loose stance is, the worse it is for the productive capacity of the economy. This in turn raises the likelihood that the liquidation of past excesses is likely to be imposed in earnest this time around. Observe that the likely burst of the housing market bubble is on account of the decline in the pool of real funding and not a tighter stance on the part of the Fed. This contradicts the popular view, which holds that as long as the Fed keeps interest rates at low levels the housing market will remain strong."

So what gives? Why were the elite "experts" surprised while I and others weren't?

The truth is, they weren't either. Certainly not Fed officials. They just want you to believe they were "surprised" by the events they orchestrated. In truth, they have overseen the greatest criminal enterprise to ever exist.

Through its money-printing policies, the Federal Reserve has presided over the theft and plunder of the wealth and savings of the American people that is unprecedented in history. Their masters love them because they have transferred trillions of dollars of wealth from the American people to the money creators through devaluation of the currency.

I have continually tried to make sure you know the ills of money printing and how it steals your wealth. Inflation assists in this enterprise.

This is something that probably not one in a million people understands, yet is an issue that is of utmost importance. Your financial health and well-being rest upon this understanding. When you do understand it, it will affect every financial and political decision you make.

Some consider inflation rising prices.

That is incorrect.

Rising prices are simply symptomatic of inflation.

Inflation is the increase in the money supply and credit. The word "inflation" once applied only to the quantity of money. It meant that the volume of money was inflated, blown up or overextended.

As the money supply is increased, people have more money to offer for goods. But if the supply of goods doesn't increase — or increases at a slower pace than the money supply — the prices of goods goes up. Each individual dollar becomes less valuable because there are more dollars available. This leads to more of them being offered for a commodity. A "price" is an exchange ratio between a dollar and a unit of goods.

When people have more dollars, they value them less. Goods then rise in price, not because there are fewer goods than before, but rather because there are more dollars available.

Continued inflation causes severe distortions within the U.S. economy and in financial relations around the world. At home, an artificially created "easy-money" policy encouraged people to incur more debt for new houses, new cars, new appliances, etc., at prices that continue to rise. Businessmen are encouraged to venture on new undertakings that could not have been profitable under stable monetary conditions. This leads to rampant speculation in real estate, securities and other things; and it becomes so rampant, in fact, that things such hard assets as real estate began to be thought of as an investment.

This sounds like something that was written within the past year or two to describe the crash. But, in fact, it comes from a publication first published in 1955. That is why I say that it is impossible that Greenspan and Bernanke didn't see what was coming.

But why do governments want — even encourage — inflation? Schiff explains it very well. He writes that inflation is the government's silent partner and is used to secretly confiscate the public's money:

There are five reasons for creating inflation:

1. Inflation makes the national debt more manageable because it can be repaid in cheaper dollars.
2. In a democracy full of personally indebted voters, the government will pursue monetary policies hospitable to debtors even as it accommodates the special interests that lend to them.
3. Inflation finances social programs that voters demand but avoids the politically unpopular alternative of higher taxes, allowing Uncle Sam to play Santa Claus.
4. Inflationary spending is confused with economic growth, which is confused with economic health. (Of course, GDP numbers are theoretically adjusted for inflation, but that doesn't mean much if the inflation figures are misrepresented.)
5. Inflation causes nominal asset prices to rise, such as those of stocks and real estate, instilling in the minds of voters the illusion of wealth creation even as the real purchasing power of their assets falls.

In my own book, The Ultimate Hyperinflation Defense Manual, I wrote that anything that artificially increases aggregate demand for goods and services is inflation. It could be lowering interest rates, increasing credit or money printing, as the Fed has been doing with its so-called quantitative easing.

This is the uncomfortable truth the money creators don't want you to know.

But why would they want to hide it?

Governments hide inflation because it keeps the interest on national borrowing low, allows the government to keep Social Security payments as low as possible and allows for lower interest rates for consumers, which encourages the phony expansion of the debt-dependent economy.

By hiding the truth, the money creators seek to control the system, or non-system of fiat dollars which they use to control us. It began 50 years ago with the Currency and Foreign Transactions Reporting Act (the Bank Secrecy Act) which was supposed to stop "criminal" activity. It made financial institutions report to the government on any transactions involving substantial sums of money. Even private transactions between American citizens.

Not just Americans. These laws have infected every financial institution around the world. I used to recommend Swiss Annuities as vehicles for privacy and investment. Now I can't because they are not private.

I still recommend and believe in gold. I always will. I encourage all my readers to discover more about private purchases of gold and silver coins, and to do that we wholeheartedly recommend getting Allegiance Gold's exclusive guide report "A Safe Investment In An Unsafe World."

As this detailed report shows us, the simplest and most obvious way to buy gold is in its physical or bullion form. Bullion refers to the metal cast in bars or minted into coins with the weights marked on them. You can buy all sized gold and silver coins and they will last thousands of years when all the paper money is gone.

But I am also for any currency that enables freedom of trade and a free economy. That is obviously not the dollar, although you need to hold some cash as long as the U.S. is still a world power. The dollar is there to control you, through debt, restrictions and surveillance. I am truly sorry if this makes you feel less free, but it's up to you to protect yourself and your loved ones. The government does not wish to do it for you.

Your real bets are to exchange paper money for appreciating assets, for wealth... gold and silver as asset protection... and survival of the disastrous actions of paper-money makers. Almost anybody can see that absolute values in America are virtually obsolete.

I do strongly believe that the Fed can create that worst of all worlds, an inflationary depression down the road.

So now is the time to begin thinking and preparing for this. Just remember the economic and social situation will have a doomsday aura and you will have to have courage to prepare in such a time. My friend, you have to do all these things before the crowd, not with the crowd.

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter^®

 

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The United States is going backwards, and it is not number one anymore.

I don’t want people to get depressed, but I am really worried.  The U.S. does not rule the world any more. They think they can still tell the world what to do.  Physically, the Americans are in danger, and they don’t seem to understand that-The economy is really going to suffer.   If the dollar goes really low, we could have a small bounce in the economy because it’s good for exports.  That’s just a fooling bounce for people.  Longer term, it’s just finished.

The US dollar has been the king of currency for several decades and used as the primary currency for global trade and investments. But that’s all starting to change.

There’s a major push underway from other nations (including US allies) for de-dollarization.

 

If the US can no longer gain power from its currency, it’s going to be a problem. If Saudi Arabia can do business with Russia for Russian currency instead of the standard US dollar, what does that mean for our economy and our nation as a whole?

 

Click below to learn how BRICS is paving the way to de-dollarization and what it means for you and me.

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Free enterprise, limited government, individual freedom!

 

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