February 4. 2017
“The last 30 years we have lived off the future, and the bill is coming due.” Tom Coburn, former Senator from Oklahoma
In November of 2016 my car battery died so I called AAA. They came to my home and replaced my battery and charged me $149. I decided to look up the old invoice from several years prior to see how much they had charged me the last time this happened and it was done in January of 2011 and the cost was $113. In actuality, these numbers are a reasonably good reflection of the inflation rate for the last 6 years.
This is called inflation folks! The exact same service was $36 dollars more than it was about 6 years prior. Do not let anyone, and particularly the federal government, tell you that prices are not going up. At present the rate of inflation is running at about 6% per year and, if nothing is done, this will only get worse. This is a major consequence of the national, state and local debt that is crushing this nation (see www.usdebtclock.org).
People on fixed incomes who rely almost solely on Social Security or other fixed retirement benefits are being slowly but systematically starved to death because their cost-of-living increases are not being accurately reflected in the Consumer Price Index (CPI) as calculated by the Bureau of Labor Statistics (BLS – or, more accurately, BS). Ask yourself, for every $113 you were receiving in 2011 are you receiving $149 now? If the answer is yes you are extremely fortunate.
The repayment of the debt and the interest on that debt is a major problem in and of itself but the greater problem is the printing of money by the Federal Reserve to buy the debt that no one is purchasing. If nothing is done soon this problem will become irreversible and the value of money will be destroyed. The question I often ask people is what will you do when money is worthless? In my wallet I carry a Zimbabwe $100 trillion bill to remind me of where this nation is headed.
When Franklin D. Roosevelt, in 1933, through a series of Executive Orders (does this sound familiar), took the nation off the gold standard in direct violation of the U.S. Constitution (see Article I, Section 8, Part 4 of the U.S. Constitution; and see our www.usfreedomarmy.com post “To coin Money”), and instituted fiat money as the standard for America this was the beginning of the end for freedom. Your children and grandchildren will pay a terrible price for the drunken spending spree this country has been on for the last 84 years. If the U.S. Constitution were being followed scrupulously during that period many of the nation’s problems would not be with us today.
This is one primary reason the U.S. Freedom Army exists. Unless these financial problems are attacked directly and solved soon the nation will continue its financial spiral downward and the results of that spiral will be the greatest economic catastrophe in world history.
Lewis Shupe, Founder
U.S. Freedom Army
No comments:
Post a Comment