by Greg Chamberlain
What is inflation? In the simplest of terms, it's when the value of of a currency slides downward, buying less goods or services per unit of money than the unit of money was able to buy previously. With inflation, things and even services increase in price including raw food products, fuel, housing, health care, education and just about everything eventually. Sure, some things go down in price during inflationary times, like electronics and other consumable items that become useless and outdated after time, but things that go down in price when they are new usually do so because of major technological advances and in some cases because the government doesn't have it's hand in it yet.
If you have not noticed, in the last 10 days or so there has been a $60-$70 dollar per ounce rise in the price of a troy ounce of investment quality gold. Today as I write this, gold is right around $1670.00 per ounce. It rose a little higher than that earlier in the day and then it dipped, but these short term (daily, weekly, monthly, even yearly) ups & downs are not what people should be looking at. My gut feeling from observing is that gold is going to continue to rise in value, not because it's more valuable, but because the U.S. dollar is becoming less valuable. The gradual increase in gold over long periods of time is what matters if you seek to get a real snapshot of the actual health and value of the U.S. dollar. And the fact is that the dollar has lost over 90% of it's value against the price or gold and silver since 1913, the year The Federal Reserve was created. As one learns of this fact that the dollar has lost so much value in 100 years, next it's important to get to the root of this problem, learning the hows and whys of why the dollar has been and is still on a path of continued decline, domestically and globally.
We can work to bring about change to regain and improve value in the dollar, and we can also seek to stop the debasement of the currency, but we as a citizenry must be informed and more actively engaged than ever in our history!
As the value of the U.S. dollar gradually decreases, the costs of purchasing the gold, if purchased with U.S. dollars, goes up. Sounds simple, right? But most people never think about it one bit because they think they needn't worry about it, for most people don't have the capital to buy investment grade gold. But something that is very important to consider is that even though the U.S. dollar is no longer on a so called "Gold Standard", those in the global market do measure the dollars worth against gold. The value of the dollar around the world is something that should concern all Americans. Americans especially, even if not investing in gold or silver or other tangible commodities, must learn how to gauge the diminishing and/or increasing value of the dollar against these commodities and pay close attention. For these figures are a better indication of inflation ahead of any government issued statements on inflation. Inflation is basically the government robbing you, me and everyone we know. It especially robs people who save money to be able to take care of themselves when they are old and it especially robs people who are old and living on money they saved all their life. For your parents and grandparents who may have saved and for your children you may have, as well as yourself, raise bloody hell when government takes the kinds of action that will bring about the debasement of the U.S. dollar and thus, inflation.
If everyone began to do this, Americans would wake up and would all begin to see the flawed rationale of what The Federal Reserve does to supposedly stimulate the economy and many more people will tip the scales toward Congress taking action to not only order a FULL audit of the Federal Reserve, but taking action to begin to phase it out. We do have the power to stop allowing private elitist international cartel style bankers from rigging the game of global money with OUR currency for their own enrichment at the expense of real Americans.
Americans should raise hell over what The Federal Reserve touts as "Quantitative Easing" when they release more cash into "the system" at near zero interest rates to banks and other insiders who are kept secret from even Congress until long after it's been done. What they are actually doing is what some call "printing money" backed by nothing and handing it out to people who often times steal it, lose it, never pay it back and get only their hands slapped before they get promoted in business or maybe even to a job at The Fed. Ron Paul has gone as far as calling what The Fed has perpetuated as "counterfeiting" and "fraud". He is one of the only ones out there who has actually said it like it is. Thank you Ron Paul.
Want Change? Be A Weapon of Mass Dissent - Read "The President"
