Roll Uncirculated
Posted in Uncategorized on 11/07/2005 08:13 pm by admin
Roll Uncirculated
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US $3.99
Will there be hyperinflation in America? I certainly hope not after reading about the horrors that the people of Zimbabwe and Weimar, Germany went through after their governments printed way too much money.
Hyperinflation is a concern in America and many economists are calling for it to come sooner rather than later. How have we gotten to this point? I mean, after all we do live in America and hyperinflation couldn't happen here.
All one has to do is look back into history. When the people of Weimar Germany experienced hyperinflation the Reichsmark became so worthless that people resorted to burning it to stay warm.
The way we got to this point is the result of bad decision making by policy makers. The decision was made in 1971 by President Nixon to take the U.S. off of the gold standard.
Before that point, creditor nations to the U.S. could swap their dollars for gold. This was a good system since it kept the Federal Reserve in check as far as how much money they could print out of thin air.
After being taken off the gold standard, the real government money printing began. This printing has continued today and is at numbers so high that Thomas Jefferson would probably roll over in his grave.
After all, the U.S. Constitution explicitly states that only gold and silver could be used as currency in the United States. The writers of the Constitution, the living document that is being slowly burned away, made sure that a government could not inflate the money supply.
Thomas Jefferson was very aware of the fact that if the money supply ever came under the control of a private bank, the people would suffer due to greed and selfish interests. He quoted the following:
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
So, hyperinflation is not something we want to see happen in our country. In fact, there is a bill in the House of Representatives (H.R. 1207) written by Congressman Ron Paul of Texas.
In his bill it would provide a complete audit of the Federal Reserve to find out just what kind of schemes they have been up to. If we do experience hyperinflation in America it is the result of money printing by the Federal Reserve. They are not a government agency, rather a private bank with private shareholders.
If the bill passes both houses, then we have a chance of getting rid of the mechanism that has enslaved our children's children for the next 100 years. The way that you can save your hard earned money from being destroyed by hyperinflation is by trading those intrinsically worthless paper dollars for gold and silver. Gold and silver are hedges against inflation and they are a store of wealth. I would suggest informing yourself more about what is going on with our money supply today.
God Bless.
To learn more Click Here.
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