Who knew that one-dollar item in 1913 would cost over $21.
00 today according to an online cost-of-living calculator? When this eye-popping fact is combined with another; that personal earnings have remained flat since the late 1970's, the reason most people are dependent on credit becomes abundantly clear.
Access to credit has become the new bare essential for those caught in the gap between insufficient earnings and a skyrocketing cost-of-living.
That is, for the millions who continue to live beyond their means.
At a Federal Reserve Bank's web site, I read their mission: The Federal Reserve "was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
" Digging deeper, many questions come to mind.
Does the nation referred to in their mission statement extend beyond bankers and their associates? Clearly, credit dependency has created a gold mine for those who cheerfully line their pockets with exponentially-compounding interest payments paid for by their "revenue units".
If today's economic environment makes it is almost impossible for middle-class Americans to live within their means (no matter what their education and earnings level), how could poor money management alone be the culprit? Might the current personal-debt situation of epidemic proportions also be a mirror reflecting the soundness (or lack thereof) of the system from which it springs? Why would a "stable monetary and financial system" allow its currency to lose 95% of its value? It just does not add up.
If the "nation" spoken of in their statement represents all and not only a select group, then the Fed fails miserably "to provide the nation with a safer, more flexible, and more stable monetary and financial system.
" Logic would then lead us to conclude that the Federal Reserve Bank defines "nation" to be but a predetermined group and not all-inclusive.
Plus, how could the Federal Reserve have been "founded by Congress" when The Constitution, Article 1.
Section 8 says "The Congress shall have power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.
"? Last time I looked, both the House and Senate were hard-pressed simply to pass a bill to audit the Fed let alone have any real "power to coin money or regulate its value".
What happened? In 1913 Congress gave over its constitutional mandate to The Federal Reserve: an independent for-profit corporation with shareholders.
Search: Federal Reserve, private independent, to verify for yourself.
Stimulus packages, grants and bailouts to the tune of 23 trillion and counting flood the money supply and devalue currency.
The majority of that money, loaned into existence, must be repaid with interest.
Businesses add the cost of borrowing money or debt service (interest on a loan) to the price of their goods and services.
Meanwhile back at the ranch, the rising cost-of-living challenges everyday people to be able to keep from incurring further debt.
Though simplistic in explanation, my intent is to make clear how the process of monetary inflation and the subsequent rise in the cost-of-living is a pure currency event based in the design of the monetary system employed by central banks (the Federal Reserve in the U.
S.
) The financial industry, government and mainstream media alike collude otherwise; however, to spin economic news into a political matrix that obscures this fact.
Many of my own sources forecast that the ongoing super-dump of new money (credit) into the money supply will eventually lead to hyper-inflation and a skyrocketing cost-of-living.
Below you will find a few of the price indexes reported by The American Institute for Economic Research.
Their data indicates the increases in price, measured by percentage, from 1990-2008.
They are pretty stunning.
College tuition and fees: 248.
4% Cigarettes & other tobacco products: 246.
5% Household fuel oil: 227.
0% Hospital services, nursing homes, adult day care: 222.
6% Educational books & supplies: 182.
5% Motor oil, coolant & fluids: 170.
7% Oranges and tangerines: 157.
6% My conclusion? The Federal Reserve banking system is not in service to the general population as revealed via the roll-out of today's economy.
No one is immune.
Even those most responsible for living within their means today remain subject to the erosion of their purchasing power due to the nature of the monetary system itself.
As I have said before, until there is complete monetary reform at the systemic level, we are all on our own to create financial well-being for the long-term.
Typically uninformed traditional financial planners cannot tell you how important it is to understand and mitigate the impact of a wealth-extraction system.
Factoring-in this data about the monetary system provides the missing link to making fully-informed financial decisions.
00 today according to an online cost-of-living calculator? When this eye-popping fact is combined with another; that personal earnings have remained flat since the late 1970's, the reason most people are dependent on credit becomes abundantly clear.
Access to credit has become the new bare essential for those caught in the gap between insufficient earnings and a skyrocketing cost-of-living.
That is, for the millions who continue to live beyond their means.
At a Federal Reserve Bank's web site, I read their mission: The Federal Reserve "was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
" Digging deeper, many questions come to mind.
Does the nation referred to in their mission statement extend beyond bankers and their associates? Clearly, credit dependency has created a gold mine for those who cheerfully line their pockets with exponentially-compounding interest payments paid for by their "revenue units".
If today's economic environment makes it is almost impossible for middle-class Americans to live within their means (no matter what their education and earnings level), how could poor money management alone be the culprit? Might the current personal-debt situation of epidemic proportions also be a mirror reflecting the soundness (or lack thereof) of the system from which it springs? Why would a "stable monetary and financial system" allow its currency to lose 95% of its value? It just does not add up.
If the "nation" spoken of in their statement represents all and not only a select group, then the Fed fails miserably "to provide the nation with a safer, more flexible, and more stable monetary and financial system.
" Logic would then lead us to conclude that the Federal Reserve Bank defines "nation" to be but a predetermined group and not all-inclusive.
Plus, how could the Federal Reserve have been "founded by Congress" when The Constitution, Article 1.
Section 8 says "The Congress shall have power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.
"? Last time I looked, both the House and Senate were hard-pressed simply to pass a bill to audit the Fed let alone have any real "power to coin money or regulate its value".
What happened? In 1913 Congress gave over its constitutional mandate to The Federal Reserve: an independent for-profit corporation with shareholders.
Search: Federal Reserve, private independent, to verify for yourself.
Stimulus packages, grants and bailouts to the tune of 23 trillion and counting flood the money supply and devalue currency.
The majority of that money, loaned into existence, must be repaid with interest.
Businesses add the cost of borrowing money or debt service (interest on a loan) to the price of their goods and services.
Meanwhile back at the ranch, the rising cost-of-living challenges everyday people to be able to keep from incurring further debt.
Though simplistic in explanation, my intent is to make clear how the process of monetary inflation and the subsequent rise in the cost-of-living is a pure currency event based in the design of the monetary system employed by central banks (the Federal Reserve in the U.
S.
) The financial industry, government and mainstream media alike collude otherwise; however, to spin economic news into a political matrix that obscures this fact.
Many of my own sources forecast that the ongoing super-dump of new money (credit) into the money supply will eventually lead to hyper-inflation and a skyrocketing cost-of-living.
Below you will find a few of the price indexes reported by The American Institute for Economic Research.
Their data indicates the increases in price, measured by percentage, from 1990-2008.
They are pretty stunning.
College tuition and fees: 248.
4% Cigarettes & other tobacco products: 246.
5% Household fuel oil: 227.
0% Hospital services, nursing homes, adult day care: 222.
6% Educational books & supplies: 182.
5% Motor oil, coolant & fluids: 170.
7% Oranges and tangerines: 157.
6% My conclusion? The Federal Reserve banking system is not in service to the general population as revealed via the roll-out of today's economy.
No one is immune.
Even those most responsible for living within their means today remain subject to the erosion of their purchasing power due to the nature of the monetary system itself.
As I have said before, until there is complete monetary reform at the systemic level, we are all on our own to create financial well-being for the long-term.
Typically uninformed traditional financial planners cannot tell you how important it is to understand and mitigate the impact of a wealth-extraction system.
Factoring-in this data about the monetary system provides the missing link to making fully-informed financial decisions.