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War, Inflaton and the Growth of Goverment
1. The Revolutionary War
2. The Frist Federal Bank
3. The War Against Southern Independance
4. World War I
5. World War II
6. The Cold War and Empire
GREENSPAN thy name is hypocrite:
“An almost hysterical antagonism toward the gold standard is an issue that unites statists of all persuasions. They seem to sense…that gold and economic freedom are inseparable.” Alan Greenspan, “Gold and Economic Freedom” (The Objectivist, July 1966)
“Under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth.” Alan Greenspan, “Gold and Economic Freedom” (The Objectivist, July 1966)
“The excess credit which the Fed pumped into the economy spilled over into the stock market – triggering a fantastic speculative boom.” Alan Greenspan, “Gold and Economic Freedom” (The Objectivist, July 1966)
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” Alan Greenspan, “Gold and Economic Freedom” (The Objectivist, July 1966)
You hypocrites! Isaiah was right when he prophesied about you:
Matthew 15:7
Psalm 26:4
I do not sit with deceitful men, nor do I consort with hypocrites
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague.
Inflation is a policy. --Ludwig von Mises
[Ron] Paul, a close student of Ludwig von Mises and Murray Rothbard, explains clearly and cogently the Austrian theory of the business cycle: in this theory lies the explanation of our present plight.
"As Mises, F.A. Hayek, and Rothbard have pointed out, an expansion of bank credit that lowers the monetary rate of interest below the natural rate, determined by time preference, generates an artificial boom. Businesses, responding to the new credit available, lengthen the structure of production. When the credit expansion ceases, the monetary rate of interest rises to accord with the natural rate. The structure of production contracts. The ensuing liquidation of unsustainable investments is precisely the depression. With credit injections, the Fed lowers interest rates causing businessmen to invest in new capital equipment. They produce goods that consumers can’t afford, and eventually they find that their plans don’t pan out. This process spreads throughout the economy and creates ever-growing waves of booms and busts." (p.116)
George W. President from 2001 through 2008
The U.S. dollar lost 17.7 percent of its valve.
$100 in 2001 would buy what $121.57 would in 2008
Bill Clinton, President from 1993 through 2000
The U.S. dollar lost 16.1 percent of its valve.
$100 in 1993 would buy what $119.17 would in 2000
George Bush, President from 1989 through 1992
The U.S. dollar lost 11.6 percent of its valve during his 4 year term.
$100 in 1989 would buy what $113.15 would in 1992
Ronald Reagon, President from 1981 through 1988
The U.S. dollar lost 23.2 percent of its valve.
$100 in 1981 would buy what $130.14 would in 1988.
Jimmy Carter, President from 1977 through 1980
The U.S. dollar lost 26.4 percent of its valve during his 4 year term.
$100 in 1977 would buy what $135.96 would in 1980.
Barrack Obama, President from 2009 to present
Any guess to what $100 will by in 2012?
Gerald Ford, President from August of 1974 through 1976.
The U.S. dollar lost 5.4 percent of its valve during his 2 1/2 year term.
$100 in 1974 would buy what $105.76 would in 1976.
Richard Nixon, President from 1969 through August of 1974.
The U.S. dollar lost 25.6 percent of its valve during his 5 1/2 year term.
$100 in 1969 would buy what $134.33 would in 1974.
L. B. Johnson, President from Nov. 1963 through 1968
The U.S. dollar lost 12.1 percent of its valve during his 5 year term.
$100 in 1963 would buy what $113.73 would in 1968.
Presidental Inflation was 85.6 per cent from 1963 to 2008. $100 would buy in 1963 what $703.60 would in 2008
Are they sworn to unhold the Constitution and
and debase our money?
“Wars in old times were made to get slaves. The modern implement of imposing slavery is debt.” –Ezra Pound
