The Problem & Solutions
The item used as money, Federal Reserve ‘dollars’, increases in quantity dramatically year to year and simultaneously loses value. These new dollars take value from all existing dollars, like the ones listed in your bank account. (see graphic)
Why do prices rise? Since the value of the dollar decreases, companies raise their prices to get the same value. You’re not paying more value, but you have to pay more dollars because the dollars (the money) is worth less.
The term ‘dollar’ used to mean a one ounce silver coin. Then it meant a silver or gold coin. Then it just meant a gold coin. Now it means nothing. When Nixon took us off the gold standard, what he
I would like to be your resource on inflation. What is the quantity of money circulating? What has been the annual change? THESE ARE THE MOST IMPORTANT QUESTIONS FOR THE ECONOMY And no one reports on it. Because of a conspiracy or because I’m not
What you think is a dollar, isn’t a dollar. That green piece of paper in your wallet is a note. A Federal Reserve note. What’s a note? It’s a promissory note. What’s a promissory note? It’s an IOU. You’re holding
If every year we become more efficient due to new technology and new production methods, should things cost more or less? Things should cost less. And the cost of things does fall, but the value of your money falls faster, so prices rise. Your money is worth less because banks create more each year. You need the freedom to choose other money. You need monetary choice. Continue
Inflation is when the amount of money increases. Inflation is not rising prices, though prices usually rise after inflating. When gold was used as money, a huge gold discovery increased or inflated the quantity of money. These days it is banks that create and inflate money. The U.S. inflation rate has been 12 percent per year since 2006. Your salary and savings are worth 50 percent less. Continue