February 28, 2021

Crashing Currency

This from Chester McAteer:

Today it takes $26,422.42 Federal Reserve Notes to buy what $1,000.00 U.S.Gold-Backed

Dollars bought in 1913. The value of the Federal Reserve Notes in terms of currency markets is very different from the purchase value the currency holds.

A U.S. Gold-Backed Dollar had the purchase value of 100 Cents, today each of those Federal Reserve Notes, or money substitutes, which are each a double liability on both sides of the ledger, has a purchase value of approximately 0.0378501135503 40651022 Cents each, that purchase value is decreasing with the expansion of the Money supply, it's called inflationary depreciation.

Thus, since 1913 the currency inflation rate has been about 2642%, that is the amount of wealth that has been effectively stolen from the people of this country. The question is what happens when the purchase value falls close to 1Cent per Federal Reserve Note? When the confidence of the people for these Federal Reserve Notes is abandoned, what does history show?

In 2019 the Treasury released a fiscal health report on our government, it's not pretty. Essentially, deep in the figures is there revelation that by the end of 2024 every "dollar" borrowed by our government will be required to pay just the interest on the Federal Debt. GAME OVER!

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