|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
|
|
|||||||||||
|
|
|||||||||||||
|
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
||||||
|
|
|||||||||||||
|
|
|
|
|||||||||||
|
|
|
||||||||||||
|
|
|||||||||||||
So, your thought that your "money" was worth something, right? I'm sorry to tell you that right now your "money" isn't even worth the paper it's printed on - or so I've been told.
Actually, the green stuff that you carry around with you isn't really "money" at all. What? Your don't believe me? Then take a couple of minutes and take a look at one of those green pieces of paper. See what it says at the top? Federal Reserve Note. Note? Isn't that an instrument of debt?
The sad part is that at one time money was very valuable. However a few things have happened over the years.
At this time, so called "money" could now be printed at will. And,of course, the more paper currency there is in circulation, the less it's worth. Money becomes worth less and less over time until one day it will just be worthless.
At one time coins were made out of silver and gold. Before 1968, Federal Reserve Notes could be redeemed for silver. The United States used to own most of the world's gold, now many think that Ft. Knox may be empty.
It used to be against the law to place currency into circulation without any gold or silver to back it.
The Coinage Act of 1792 specified the amount of gold and silver that each coin must have.
Section 19 states:
"...if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be...every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death."
The Coinage Act of 1792 is still in effect as it has never been repealed. Therefore, not only is our money now worthless, the people who are responsible are to be considered felons and even suffer death.
As you saw earlier, the value of the U S dollar is now worth one-twentieth of what it was in 1945. If you're not making twenty times more money than a person did in 1945, then, even though your paycheck may look bigger, you're actually losing a lot of purchasing power. Have you ever wondered why it now takes two incomes to bring in the same amount of money that one income did back in the 1950's? Now you know why.
Back to the main page.
© 2005 - 2007 In Your Face Productions
and Michael A. Thompson
|
|