People in the rural regions bought what they needed using "good will" (meaning "I owe you") and through "bartering". This was the common means to get what you needed and give what you had to get it, be it a chicken, some milk or a "days work". What little money there was back in rural America 1882 was held in small silver and gold coins....mostly buried in the back yard, or hid in the house somewhere to prevent thieves from stealing it because the house was never locked and people did come from time to time. One important lesson is that we were mostly an agricultural nation. Today we trade information and knowledge. Our products come from what was the poorest nations on the earth....including China.
To put this in perspective, between 20-50 silver dollars could buy a horse and maybe a saddle too. A horse was the most important animal of all to own as it could plow the fields and take you to Sunday Church or town. In the same time frame, $35 dollars could buy you passage on a ship to the other side of the world.
There is no doubt the value of the US Dollar has dropped dramatically over the last 100 plus years. One only has to look at the rising cost of basic commodities including bread, coal, oil and other basic necessities. One US Dollar in 1913 has the same worth as $21.82 today. On par today, that roughly means that one nickel is worth a whole dollar in today's currency. That's a devaluation of 20 times in almost 100 years.
The question that stands out for me is "Why has the dollar fallen and continued to fall almost since its issue. Someone must be gain from seeing the dollar fall...but who are these entities?"
You don't need to look far. When will the average American, (and the rest of the world), realize that the only people who benefit from the fall of the Dollar are those "entities" who work with it every day as a commodity...a tool...a means to a greater and greater wealth. This higher end game consists of creation of wealth without working for it, and the redistribution of wealth without earning it.
No, I am not talking about making something of value, like a simple book or a pair of sun glasses. I am talking creating wealth without doing anything tangible for it. I am talking about currency exchange players, (IMF, brokers and international banks) and other users of other peoples money. Financiers. I am also talking about liberal judges and politicians who take and redistribute the wealth of others.
On the financial side, these groups consists of all those entities that need greater and greater circulation of the currency to leverage up their investments and require a "fluctuating currency value" to implement non-currency political and socio-economic agendas. Players "make wealth" when times are good by taking on debt and then when the cycle swings, pay back those debts using cheaper future dollars. All this while the common man is along for the ride...oblivious to the real power of "wealth without work." Wealth creation without doing anything for it includes the wealth sucking group called the U.S. Government...yes the FEDS.
The US Dollar is more than a piece of paper...it is a "unit of trust"...and that trust has been sliding away for so long, eroding away so slowly, that its relative loss of value isn't even noticeable...except by a few historians. Cent by cent, decade by decade, standard by standard, small changes in monetary policy occurs to destroy that value and trust at the hands of politicians.
Politicians are the same people elected by the common man who asked only for their individual and collective interests to be secured...the most important of these interests were:
- Uphold the U.S. Constitution,
- Ensure liberty and freedom for all,
- Secure the right to free speech, to own guns, ammo, and our right to own property free from all threats, including from the same government charged to protect these rights,
- Increase the value of our money,
- Provide security to our rights from threats foreign and domestic.
Have politicians lived up to those ideals? No. They wielded to the power of money that would keep them in power. Career politicians use their elected power to support liberal agendas of lobbyist who motivated changes in fiscal policy using the power of campaign money. Few have even read the Constitution. Fewer still believe in it.
Were career politicians held accountable for their failures? No. They could claim voting on party lines. They worked hard to hide and obscure their voting process and record such that only the most interested could even track their bills or their record.
We are at 11 trillion and counting in debt as a nation and don't have thing to show for it. This President is not only a traitor to our Constitution, but a racist and a "cloaked Muslim". His agenda is clear for our nation. He intends to socialize this country in ways that cannot be undone using Marxist ideals and communist programs. His top Aids and advisers are people of like mind.
When we the people, (God fearing people) take back this country...and "we the people" will....we must begin by first taking back our currency.
If we don't, we will become like Argentina...where the value of everything experienced hyper-hyper-inflation. Imagine the price of a cup of coffee equal to 5 dollars and then 20 dollars. Now imagine that happening in a single day...this was Argentina.
Any increase in circulation is a devaluation of the currency.
Date: Circulation Total/Per Capa Share
June 30, 1910 $ 3,148,700,000/$ 34.07
June 30, 1920 $ 5,698,214,612/$ 53.18
June 30, 1930 $ 4,521,987,962/$ 36.74
June 30, 1940 $ 7,847,501,324/$ 59.40
June 30, 1950 $ 27,156,290,042/$ 179.03
June 30, 1960 $ 32,064,619,064/$ 177.47
June 30, 1970 $ 54,350,971,661/$ 265.39
June 30, 1980 $ 127,097,192,148/$ 570.51
June 30, 1990 $ 266,902,367,798/$ 1,062.86
June 30, 2000 $ 571,121,194,344/$ 2,075.63
(source: Federal Reserve Atlanta-website)
In the year 2000 or 90 years the circulation is 181 times larger than in 1910. 181 times.....
People, I hope you own a horse, have some land, have seeds and plow tools, know how to make a garden and have some chickens and a rooster and a cow to raise. When the dollar has tanked on the world stage...this may be all you will have to survive on.
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