Have you ever wondered why your dollar doesn’t go as far as it used to?

We all keep hearing how minimum wage is never enough and prices keep going up. Why? Devalued money is why. Our dollar is based on debt not actual value. Remember when a dime was a dime’s worth of silver? Me either I wasn’t born yet. We just grew up with this federal reserve fiat money.  What value the government gives government can take away. The more you print with no value to back it up the less it’s worth. That means it takes more to buy the same product than it used to. Thomas Jefferson warned us of this :

“I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” — Thomas Jefferson — The Debate Over The Recharter Of The Bank Bill, (1809)

Here’s a cool US Inflation Calculator. See for yourself

The Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government – Entities

Much of the tens of trillions in bailout money and “easy” money from quantitative easing went to foreign banks (and see this, this and this).

Indeed, Ron Paul noted recently that one-third of all fed bailout loans – and essentially 100% of loans from the New York Fed – went to foreign banks.

The New York Fed is the most important Fed bank. As Bloomberg pointed out in 2009:

The New York Fed is one of 12 regional Federal Reserve banks and the one charged with monitoring capital markets. It is also managing $1.7 trillion [now up to at least $1.9 trillion] of emergency lending programs [and accepting collateral from the banks in return].

However, the country’s most powerful “agency” – the Federal Reserve – is actually no more federal than Federal Express. The Fed itself admitted (via Bloomberg):

While the Fed’s Washington-based Board of Governors is a federal agency subject to the Freedom of Information Act and other government rules, the New York Fed and other regional banks maintain they are separate institutions, owned by their member banks, and not subject to federal restrictions.

Read more at WashingtonsBlog.com

On this day, June 5, 1933: FDR Ends Gold Standard, Bans Private Ownership of Gold

Prior to the election of America’s longest serving socialist president, our money was backed by gold. Anyone holding our paper currency could demand to exchange it for gold at a set price. In 1913, the gold standard was officially made part of the Federal Reserve and the price of gold was fixed at $20.67 per ounce. The same law mandated that the Federal Reserve kept enough gold on hand to equal 40% of the currency issued at the time.

–SNIP– On this day, June 5, 1933, Roosevelt, with the aid of Congress, finalized his plan to take America completely off the gold standard. No longer was our currency backed by gold. Instead, our currency was basically valued at the value placed on it by the Federal Reserve, which also played an important role in international banking and currency values. All gold coins and bullion was required to be turned over to the Federal Reserve. No private ownership of gold coins or bullion was allowed in the US.

Read more at Constitution.com

Trump Tees Up a Necessary Debate on the Fed

Sixty percent of stock gains since the 2008 panic have occurred on days when the Fed makes policy decisions.

The press spends a lot of energy tracking the many errors in Donald Trump’s loose talk, and during Monday’s presidential debate Hillary Clinton expressed hope that fact checkers were “turning up the volume” on her rival. But when it comes to the Federal Reserve, Mr. Trump isn’t all wrong.

In a looping debate rant, Mr. Trump argued that an increasingly “political” Fed is holding interest rates low to help Democrats in November, driving up a “big, fat, ugly bubble” that will pop when the central bank raises rates. This riff has some truth to it.

Leave the conspiracy theory aside and look at the facts:

Read more by Ruchir Sharma at WSJ.com

Money, Banking and the Federal Reserve

Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, “Federal Reserve” is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.

Video by Mises Media (Ludwig von Mises Institute) at http://www.youtube.com/watch?v=YLYL_NVU1bg

Today, June 5, 1933: FDR Ends Gold Standard, Bans Private Ownership of Gold

Prior to the election of America’s longest serving socialist president, our money was backed by gold. Anyone holding our paper currency could demand to exchange it for gold at a set price. In 1913, the gold standard was officially made part of the Federal Reserve and the price of gold was fixed at $20.67 per ounce. The same law mandated that the Federal Reserve kept enough gold on hand to equal 40% of the currency issued at the time.

–SNIP– On this day, June 5, 1933, Roosevelt, with the aid of Congress, finalized his plan to take America completely off the gold standard. No longer was our currency backed by gold. Instead, our currency was basically valued at the value placed on it by the Federal Reserve, which also played an important role in international banking and currency values. All gold coins and bullion was required to be turned over to the Federal Reserve. No private ownership of gold coins or bullion was allowed in the US.

Read more at Constitution.com