Federal Reserve Chairman

Federal Reserve Chairman

Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics Bernanke served the Federal reserve in... [more]

Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics Bernanke served the Federal reserve in other roles before taking the chair.

Your U.S. Dollar Ain’t Worth A Plug Nickel!

“Paper money eventually returns to its intrinsic value… zero.” -VOLTAIRE (1694-1778)

As we quickly approach a new election season, and increasing legislation that impedes upon not only our rights as individual American citizens, but, also our ability to pursue TRUE wealth and prosperity, It becomes increasingly more important to pass along knowledge and education beyond the watered down rhetoric of our national media and so-called educational system.

In upcoming posts I am going to dig deeper and provide you with invaluable resources to aid you on your journey to Life, Liberty, and The Pursuit of Happiness. But, first I want to just shed a little light on why there is not just a need for major monetary reform in this great nation of ours, but, also why you have to work harder & smarter than ever to get out of the proverbial “Rat Race” that more than 95% of Americans find themselves in day after day.

Let’s begin with the REAL value of a US dollar…

National Debt Chart Purchasing Power

The Federal Reserve creates inflation when it issues US dollars backed by government debt. Since 1913, when the Federal Reserve was created by Congress, your dollar has lost 96% of its purchasing power because of this same inflation. The more “money” the Federal Reserve creates - the less your Federal Reserve dollar will buy.

From the years 1913 to 2001 the national debt grew to $6 Trillion USD in 88 years. In the next three years it climbed to $7 trillion dollars in 2004. In just one year it climbed sharply to over $8 trillion dollars. The acceleration of the national debt is alarming. The corresponding loss of your purchasing power may also speed up in the near future.

“To emit an unfunded paper as the sign of value ought not to continue a formal part of the Constitution, nor even hereafter to be employed; being, in its nature, pregnant with abuses, and liable to be made the engine of imposition and fraud; holding out temptations equally pernicious to the integrity of government and to the morals of the people.” -ALEXANDER HAMILTON

The point is not to just point out the fact that a dollar is only worth 4 cents (about the exact cost of printing, regardless of the denomination), but to shed light on some things you need to be mindful of:

  1. The History of Money and Monetary Policy in Our Country
  2. The Extent of What You can Do to Aid in the Prosperity of Current and Future Generations
  3. How Wealth is Truly Created
  4. How to Set Yourself Up to Build “True” Wealth
  5. Why You Should Research Important Topics and Financial Classes for Yourself

Especially with the advent of the internet, and the “Information Age”, one has no excuse for Financial Ignorance or Illiteracy. I strongly believe that Ignorance and Apathy are the cancer of our age.

The primary difference between the FED’s “money”, called Fiat Money, and “REAL” Money, called Tangible (Gold & Silver), is what you can do with it and the long term maintaining of its value. However, we’ve fallen for the prestidigitation of our elected leaders and allowed them to pull the most amazing feat of “slight-of-hand” our world has ever known. We somehow believe that paper which clearly belongs to it’s issuer (their name is on it), is as valuable as gold and silver in the hands of it owner by possession.

Remember the phrase, “Possession is 9/10’s of the Law”? It pertained specifically to property rights, called Allodial Title. It simply means, that unless proven otherwise, in writing or by witness testimony, a thing in your possession belongs to you. And, is protect by your God Given Rights from confiscation, seizure, or theft.

There are two important things to note here: 1) The 9th Commandment in the Torah is “Thou Shalt Not Bare False Witness against Your Neighbor” Exodus 20:16, Duet 5:20, was a direct reference to property rights and not lying for your friends gain; and, 2) The concept of Fiduciary Responsibility arose from the holding in possession an item of value for another party. From this we get Trust and Escrow Laws, and the basis of our banking system today.

Because of this, neither Your Social Security Card, Federal Reserve Notes, Your Passport, or Your Driver’s License belong to you, and must be present upon request by these authorities, and can be confiscated at any moment at their whim.

It’s important to push past surface information and ’spin’ to get to the root of a thing. Simply because, only then can you make informed decisions and plan with precision and wisdom.

For your entertainment, check out this interactive $20 on the US Dept of The Treasury’s Website.

Interactive $20

Godspeed,

Marlon


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Blog: MoneyBlog
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