Wealth, Gold, and Why Government May Want You on Food Stamps
by Bill Sardi: RNC
Mistake – Could It Bring a Ron Paul Presidency?
at $1697/oz today, Labor day 2012 (see chart below).
Look at the 20-year
gold chart below.
As gold has
risen from ~$250 in the 1990s to $1697 today, you don't see
readily see that the value of the US dollar has plummeted over this
same time. I've added a chart at the bottom for you to compare.
When the gold price rises, this means there is less purchasing power
and confidence in paper money. Most Americans don't have enough
money to buy gold. They spend every dollar they make.
With the collapse
of the real estate market, American family wealth has plummeted
by ~40%. And if the banksters revealed their shadow inventory
of 4 million non-performing home loans that have not been ushered
into foreclosure, even greater wealth in the form of real estate
assets would have been washed away. Cut another 20-30% off
of current home values to figure your real asset wealth.
is, most Americans value credit (debt). Many Americans consider
their debt to be their wealth. Their home, which may be valued
at $400,000, but if the bank has the majority of the equity – let's
say you still owe $250,000 – then your imagined wealth is just that.
You drive a
Lexus, have a membership at the golf club, buy clothes at Nordstrom's
– all on credit. You are among the wealthy-appearing debtor
class. Will real wealth ever come your way?
If it does,
you had better figure out how to grow it at the rate of 10% per
year or your wealth will erode due to inflation. Since 2006
the government has published inflation rates in the 2-4%-range,
while the real inflation rate has been in the 8-10% range during
that time. If you aren't asking and getting a 10% pay raise
every year, you are losing your wealth and purchasing power.
Money in the
bank now gains less than 1% interest. CALPERS, the California
employee pension fund could only produce a 1% yield on its investments
in the past year, and CALPERS is more savvy about investing than
you or I.
don't boot out the Federal Reserve, the very agency that was commissioned
to stabilize the value of the dollar, the vast majority of Americans
will be receiving Food Stamps.
The bread lines
of yesterday are the Food Stamps of today. In the 1950s Russian
people stood in bread lines for hours. It was the best way
to control the people and keep them from overthrowing the government.
Hungry and tired from standing in bread lines, they would never
pose much of a threat to the government.
Now you might
begin to guess why Americans are being impoverished in a seemingly
intentional manner. Wealth is being transferred to the elites
and in 5 years the trillions of dollars in savings accounts will
erode in value by ~50%. Government knows there will be unrest.
Government has squandered the American dream for its citizens by
its paper money printing policies. This has allowed politicians
to promise what they cannot possibly deliver. If you are beholden
to the federal government for Food Stamps, just how much of a protest
do you think you will be able to launch against the government?
courtesy of igolder.com and shadowstats.com
him mail] is a frequent writer on health and political
topics. His health writings can be found at www.naturalhealthlibrarian.com.
latest book is Downsizing
© 2012 Bill Sardi Word of Knowledge Agency, San Dimas, California.
This article has been written exclusively for www.LewRockwell.com
and other parties who wish to refer to it should link rather than
post at other URLs.
Best of Bill Sardi