Religious, Political and Corporate Fundamentalism in America merge into a fascist theocracy 1148
 |
I never liked the gold standard. A silver standard is much more stable, and much less likely for someone to manipulate. Have you ever been employeed by a poor...
Inflation is much simpler to understand than you think. The greater the supply of money for a given set of goods, the price of those goods will rise. If Congress needs a hundred billion dollars for some spending program Where no goods are created. This money is printed and circulated to pay for whatever, the greater supply of money is what causes the inflation. When people put some of this money in the bank. It creates more money, in that the banks operate on a fractional reserve. For every $100 someone puts into their checking account the bank has license to loan anywhere from $400 to $800 at interest creating a larger money supply.
Sounds like the opposite extreme of where we find ourselves now. In 1910 an ounce of...
Inflation did not do Germany any good back in the 1920's Their inflation rate was one million %. If somebody had one silver deutchmark it was worth a million deutchmarks befor it was all over. Germany tried to print it's way out of debt, all the extra money caused the inflation. What you would do is increase the purchasing power of the dollar. As the federal government retired Federal Reserve Notes by buying silver. The price of silver will naturally rise. Meaning it will take less and less silver to back the dollar.
Robert Miller
Message from G. Edward Griffin, Author:
On page 573 of The Creature from Jekyll Island - A Second Look at the Federal Reserve, I wrote that, before we could abandon Federal Reserve Notes (FRNs), we first had to be able to convert them into real money. I said: "That means we must create an entirely new money supply which is 100% backed by precious metal; and we must do so in a reasonably short period of time." Well, you have to be careful what you recommend, because Bernard von NotHaus, the Senior Economist at NORFED, did exactly that. And although I initially thought there were too many obstacles, to my surprise, the more I studied the details of his plan, the more convinced that by Jove, it just might work! The Reality Zone is a Redemption Center, and I urge you to get in on the ground floor and join this growing group of concerned Americans as a Redemption Center now.