Quote:
Originally Posted by freebeard
That's very interesting, but all the charts gave me a headache; thanks for the TL;DR. I'll trust your interpretive analysis.
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He's actually right on that point, but for the wrong reason.
The "value of the dollar" is based on a promise right now. We have no real backing for the valuation of our currency except a promise of deliverance of real goods or services in exchange for that green piece of paper.
The ACTUAL value of money is literally it's weight or recyclable value as the material on which it's printed, as our money standard was up until about 1962-1966 in the US.
When we deviated from valuing our money notes according to actual standards of REAL VALUE, and even before that, when we instituted the Federal Reserve in the 30's, our money began losing value.
Remember, your money is a NOTE. It's an IOU, of sorts. It has no intrinsic value, only supposed value. It's also not /your/ money. It belongs to the Federal Reserve, and they have every right to value or devalue it as they see fit. The Federal Reserve, the IRS, and most other agencies of the Government aren't actually Government structures, they're corporations. They have a corporate identity, and backing by the US Gov't, but no legal accountability beyond that of a US Corporation.
Does anyone else see the problem here?
Gas is actually about $0.20 per gallon right now, speaking in terms of silver (what money was made of back in the 60's) based on current market value for scrap silver... which is actually a speculative value, because again, there's no audit for the amount of silver in US possession to date.
It's your paper money that's worthless. And you'll keep working for it and fighting to maintain the status quo because it's what you know and are comfortable with.