ENJOY YOUR $40,000 HAMBURGER! RED MEAT FROM THE 'REPUBLICRATS' AND 'DESTROYING DIMMS'!
Fiat money (U.S. dollars sadly included) is currency usually without any intrinsic value, or comparatively very little (it does cost a few pennies to produce the paper, though no intrinsic value is imparted). Modern fiat currencies are usually printed on paper, where in earlier times everything from sea shells and colored pebbles to tally sticks were used to keep track of transactions.
One of the most famous of examples in American history was the paper currency issued by the Continental Congress during the Revolutionary War. An example that failed spectacularly because of unrestrained printing, “A little bit is good, more is bound to be better, we can control it.” Because of the Continental failure in money creation our Constitution that followed attempted to build in safeguards that would control inflation in the future, stipulating that in the future money HAD TO BE based on coinage of metal, but true to form, the Judiciary stepped in and destroyed that safeguard in less than 2 decades.
The Constitution contains only two sections dealing with monetary issues. Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money. The framers clearly intended a national monetary system based on coin and for the power to regulate that system to rest only with the federal government. The delegates at the Constitutional convention rejected a clause that would have given Congress the authority to issue paper money. They also rejected a measure that would have specifically denied that ability to the federal government (Hammond, 92). Although the Constitution does not state that the federal government has the power to print paper currency, the Supreme Court in McCulloch vs Maryland (1819) ruled unanimously that the Second Bank of the United States and the banknotes it issued on behalf of the federal government were Constitutional.
Last week a Republican House, a Republican Senate and a Republican President handed us a $400 Billion spending package increase pushing the current projected yearly deficit to more than a trillion dollars as Chuckie Shumer and B.O. bama smiled at each other while more than a few Republicans wearing masks, were seen scratching the Dimms backs.
Having had hopes for a genuine revival of America (MAGA), we now have to face the fact that most GOP people in Washington are no better than the Dimms, indeed worse, because most of them lied through their teeth, while posing as Americans. In the near future we can look forward to a doubling of many prices of necessary living expenses. When it runs its course and nears the end, $40,000 for a hamburger may become commonplace.
In last decade of the 1700s, France gave us a preview of what lies in the relatively near future for America. Highly recommended reading is FIAT MONEY IN FRANCE (less than 100 pages), by Andrew Dixon White, founder and first president of Cornell University. It’s available free of charge on the Internet.
Following that we have an astounding example of fiscal insanity in Germany in the years following WW1. Both are summarized here. Before the next election Americans had better get their heads out of their I-phones and read a little history. Published in 1914, Andrew Dixon White dissected the French money printing experiment, giving us a likely picture of what we will be seeing here soon in the “Good old USA.”
If our elected representatives of early days (most of which who ran as “fiscal conservatives”) had rejected the Globalist efforts that have plagued the United States from the beginning we would now have stable prices wherever they landed, prosperity for all, instead of for the rich few and a future. But as usual, it can all be traced back to the Bible the only book of absolute truth that ever existed, 1Ti 6:10 For the love of money is the root of all evil… AND, the sin nature of all men. For the lazy readers however (those who get their educations from the boob tube), we will summarize below some of the high, or should we say “low,” points of the French and German attempts at money manipulation.
(1) Notwithstanding the fact that the paper currency issued was the direct obligation of the State, that much of it was interest bearing, and that all of it was secured upon the finest real estate in France, and that penalties in the way of fines, imprisonments and death were enacted from time to time to maintain its circulation at fixed values, there was a steady depreciation in value until it reached zero point and culminated in repudiation. The aggregate of the issues amounted to no less than the enormous and unthinkable sum of $9,500,000,000 ($9.5 trillion), and in the middle of 1797 when public repudiation took place, there was no less than $4,200,000,000 in face value of assignats and mandats (assign & mandate) outstanding; the loss, as always, falling mostly upon the poor and those without understanding.
(2) In the attempt to maintain fixed values for the paper currency the Government became involved in an equally futile attempt to maintain a tariff of legal prices for commodities. Here again penalties of fines, of imprisonments and of death were powerless to accomplish the end in view.
(3) An wholesale demoralisation of society took place under which thrift, integrity, humanity, and every principle of morality were thrown into the welter of seething chaos and cruelty.
On August 1, 1795 (Louis XVIII), this gold louis (1/4 oz. Worth about $250 today, worth $5, 90 years ago.) of 25 francs was worth in paper, increased in one year February, 1796, it was worth 7,200 francs
(Ed Note: Remember a gold louis (25 francs) was equal to ¼ oz. of gold which means in 1796 an oz. of gold was worth 28,800 French francs. The Louis d'or under Louis XIII [1610-1643] ¼ oz. had a dimension of about 25 mm, and a weight of 6.75 g., which equaled .22 troy oz. Each king set his own values)
Prices of all commodities went up nearly in proportion. The writings of this period give curious details. Thibaudeau, in his Memoirs, speaks of sugar as 500 francs a pound, soap, 230 francs, candles, 140 francs. Mercier, in his lifelike pictures of the French metropolis at that period, mentions 600 francs as carriage hire for a single drive, and 6,000 for an entire day. Examples from other sources are such as the following:--a measure of flour advanced from two francs in 1790, to 225 francs in 1795; a pair of shoes, from five francs to 200; a hat, from 14 francs to 500; butter, to, 560 francs a pound; a turkey, to 900 francs. Everything was enormously inflated in price except the wages of labor.
(This Special Report was published in October 1994, and seems more pertinent today than then.)
"We are about to enter an era of $400 billion to $500 billion annual deficits, and reach the Point where it is almost impossible to borrow the money we need. The money we have worked so hard to save all our lives will be worthless." ---Former U.S. Senator, Warren B. Rudman, Foreword to "Bankruptcy, 1995"
The largest deficit during the Nixon years was $ 23.4 billion; Ford --- $ 73.7 billion; Reagan --- $221.2 billion; Bush --- $290 billion; Clinton --- $350 billion. Bush Jr.--$500 billion, This, to say the least, is a frightening progression. Add to this the money that will be printed to pay for hurricanes etc.
When the war broke out on July 31, 1914, the Reichsbank (German Central Bank) suspended redeemability of its notes in gold – One Reichsmark was worth about $2 American, today.
By late 1923 it took 200 billion paper marks to buy a loaf of bread.
A two inch chart, 2” wide would peak at 23 miles.
½ Mark, Silver -Would buy 1 Dozen Eggs, 5 Pounds of Potatoes or a ¼ pound of Meat –
Housewives burned paper money because it produced more heat than the wood it could buy. –
Seeing a woman pushing a wheelbarrow full of cash, robbers dumped out the money and stole the wheelbarrow. –
A man paid off his ranch with a chicken and a week later mortgaged it again to buy a chicken to eat.
What caused the inflation?
It’s simple: The inflation was caused by the government issuing a flood of new money, causing prices to rise. Then, as the inflation gained momentum, events seemed to demand the printing of larger and larger issues of currency. To halt the process would have taken political courage, and this was lacking. As usual, the true facts were hidden behind a barrage of excuses, explanations and propaganda laying blame on everyone except the true culprit. (Original source has been lost) See here.:
As it was in ancient Egypt at the time of the 7-year famine, the United States is headed down the path to financial disaster, eventual famine, and disintegration of the republic, Christians (and also unbelievers) will do well to be on their knees and to be stockpiling necessitities. Venezuela, here we come.
The United States of America is headed down the same path as France and Germany and we got a big boost from the rear on Feb 9 when the latest spending legislation was signed. Our national debt today is more than $20 trillion – all debt, public and private is more than 200 $trillion, all increasing rapidly. Our money today is worth twice as much as it will be in less than 10 yrs.
In other words, prices will double in 8-10 years or at present rate of money creation, 4-5 years. With last week’s bill signed by President Trump, this rate will increase.
It sadly seems President Trump, Mitch McConnel, Paul Ryan, most Republicans along with the entire Democrat Party are destroying our financial system. Is it deliberate or are all of them total cowards?
Along with inflation we will get increased disintegration of the family, teen suicide, rising divorce rates, bankruptcy, drug addiction, war, immorality and perversion we haven’t even thought of yet.
This writer advocates that first we REPUDIATE the phony “national debt” that was created by fraud. Simply refuse to pay the interest. Secondly arrest all FED personnel, disband and jail the entire criminal cabal. Restore sound money as called for by our Constitution. While we’re at it we also need to round up everyone in Congress that voted for last week’s monstrosity and refer them back to the voters for recall. As the father and son Ron and Rand Paul team says, “We MUST go back to Constitutional money.”
What can you and I do?
1st: Be sure of our salvation: 2nd: Live within our means, avoid debt like a plague. 3rd: As we can, accumulate durable necessities, canned food, coal, firewood, winter clothing, solar or other reliable heat, vegetable gardens etc. 4th: Be prepared to share with others. PRAY, PRAY, PRAY. Carmack can be emailed - [email protected]