Saturday, July 6, 2024

The U.S. Dollar

 

We the People This is a copy of the cover of the U.S. Constitution. US Constitution Stock Photo

According to the Constitution for the United States of America, Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . . not print worthless paper money or borrow money from foreign countries and call it the "national debt."

The difference between a robber and the government is a robber doesn't pretend he is helping you.

Thanks to corrupt politicians and the Federal Reserve, the U.S. dollar has lost 97% its value since it was created by the Continental Congress in 1785.

Inflation is a Hidden Tax

$100 in 1785 is equivalent in purchasing power to about $3,237.82 in 2024, an increase of $3,137.82 over 239 years. The dollar had an average inflation rate of 1.47% per year between 1785 and today, producing a cumulative price increase of 3,137.82%.

This means that today's prices are 32.38 times as high as average prices since 1785, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 3.088% of what it could buy back then.

The inflation rate in 1785 was -4.90%. The current inflation rate compared to the end of last year is now 3.27%. If this number holds, $100 today will be equivalent in buying power to $103.27 in 2025.

The digital dollar is coming, and your financial privacy is under threat! Americans will not be able to buy or sell with USD, gold, or silver.

Imagine every dollar you spend being tracked and controlled. The U.S. Federal Reserve is rolling out Central Bank Digital Currencies (CBDCs) and the FedNow program, jeopardizing your financial freedom.

As it is written: He (the beast system) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. ~ Revelation 13:16-17

Why Paper Money Represents Theft