Come on in, the water is fine

Here’s the all too real example of the frog slowly cooking in the gradually warming water. This frog is us…the people of the world. We are in the stew: The Federal Reserve (FED) has an explicit published goal of 2% inflation per year. The FED is increasing the supply of dollars with nothing behind those dollars (fiat dollars) by 2% every year. We are supposed to believe that goal is good and also that stable prices or declining prices would set off a spiral of evil deflation. At 2% inflation, you have lost 20% of the value of your money in 10 years, 40% of the value of your money in 20 years, and so forth. The Fed was established in 1913 and the 1913 dollar is now worth 1 cent.

And it’s not just U.S. citizens boiling in the currency pot, it is the people of all nations. “It is clear to anyone paying attention that the monetary system is irretrievably broken and will fail.” ~ Edwin Vieira, monetary scholar. studied 750 currencies and found “there is no historical precedence for a fiat currency that has succeeded in holding its value.”

The U.S. dollar is no different from the Roman denarius of Diocletian. “Diocletian shared the pernicious belief of the ancient world in the omnipotence of the state, a belief which many modern theorists continue to share with him and with it.” ~ Michael Rostovtzeff, a leading Roman historian, quoted by Murray Rothbard History of Money and Banking, Ludwig von Mises Institute, Jan 1, 2002.

“Centuries of history prove that economies that succumb to the debasement [of their currencies by political leaders] always fail; and their economies end up in ruins…Monetary policy is restricted by the universal laws of economics – laws that have passed the test of time, and cannot be disputed. A currency of a nation, a worldwide economic system cannot run indefinitely on money created out of thin air…We are in the midst of the collapse of the fiat monetary system.” ~ Michael PentoThe Coming Bond Market Collapse.

If they were honest, they would be saying, ‘send your children and your wealth to fight ISIS, or to fight al Qaida, or to fight in Iraq, or in Syria, or in Libya, or in Ukraine, to fight the perpetual war to support the value of the U.S. dollar, to prevent the rapid collapse of the value of the U.S. dollar, the world’s reserve currency.’  Instead, they announce yet another new war on a yet another foe trained and armed by us, all the nations dependent on the fiat U.S. dollar, and led by a leader who was once our ally or released from our prison.  Political leaders and bankers are saying, ‘come on in the water is fine.’

Let me be clear

About budbromley

Bud is a retired life sciences executive. Bud's entrepreneurial leadership exceeded three decades. He was the senior business development, marketing and sales executive at four public corporations, each company a supplier of analytical and life sciences instrumentation, software, consumables and service. Prior to those positions, his 19 year career in Hewlett-Packard Company's Analytical Products Group included worldwide sales and marketing responsibility for Bioscience Products, Global Accounts and the International Olympic Committee, as well as international management assignments based in Japan and Latin America. Bud has visited and worked in more than 65 countries and lived and worked in 3 countries.
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