Thursday, November 20, 2008

The Inflation Scam, Silver at $150 in 2007.

even J knows the inflation story:

"

In contrast to the approximate $17 billion of silver liabilites and "indebtedness", there is probably less than $1 billion worth of physical silver available to buy.

And meanwhile, the government prints up $700 billion in a bailout, that is really more like $3,000 billion to $10,000 billion."


consider this (1933, we went off the 'gold-standard', that of "backing our currency with gold"):

What cost $100 in 1933 would cost $1585.80 in 2007.

http://www.westegg.com/inflation/infl.cgi

note:
london fix on gold is 745...

What cost $745 in 1933 would cost $11814.19 in 2007.

silver is at 9.40

What cost $9.40 in 1933 would cost $149.06 in 2007.


{remember we are almost at 2009 and there have been larger "money-printers" built it seems -
and now it is mostly digital anyway...}

That's what they call "inflation scam".

om

post script:
"

Most likely, you're not aware that you're a dollar inflation slave.

Very few people understand how we've been enslaved by the elite banking world because very few people know how money is created.

Under our current system, money is actually created out of thin air.

Going back to the medieval goldsmith, bankers have discovered that only a small percentage of people actually request to have their money removed from their accounts. The rest are happy to just write checks (bookkeeping entries) in their effort to make payments on their obligations.

Therefore, the banks figured they could loan out money they really didn't have. If they have $100 in deposits, under their fractional reserve system, they may now loan out $900 and collect interest on money they just created out of thin air.

FEDERAL COUNTERFEITING

Now, combine this with the way the Federal Reserve operates and you begin to clearly see that you've been reduced to a dollar inflation slave.

The money that ended up getting deposited at the bank in the above example originally came from the Federal Reserve. Basically, when the U.S. Government needs money, it goes to the Federal Reserve for it. The Federal Reserve just prints up money and buys Government Bonds from the government.

Think about that. If they buy a million dollars of bonds, they just print up the money to do it with. Five minutes ago, that million dollars didn't exist!

This is legalized counterfeiting at its best and an outright scam. Now, the government taxes you and all your friends in order to pay back the interest it now owes the Fed on those bonds. Wouldn't it be nice if you could print up as much money as you want and collect interest on it?


http://www.fdrs.org/dollar_inflation_slave.html

"

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