I'll bet you dollars to doughnuts...
Maybe you've heard this phrase before. If you haven't it's an older expression that essentially means "I'll give you 10 to 1 odds that I'm right." That's because donuts used to be ~10 cents each.
If you go into a Dunkin' Donuts right now and order a doughnut you'll notice that a doughnut is often times more expensive than a dollar. Some of the fancy ones are 1.29 or more. What gives? Did the value of a doughnut suddenly rise up to a person? Is there doughnut scarcity that's driving the price up? How could it possibly be that this simple little doughnut in the course of 1-2 generations is now 10x more expensive than it used to be???
The Federal Reserve
You might not know how money is made in this country. If you look at a dollar bill it says it's a federal reserve note. The word note means debt. It's an IOU. The Federal Reserve doesn't actually mean it's a dejure part of the government. It's a private company with shareholders. The word Federal is there to throw you off the scent and make you think it's part of the USA, but it isn't. It's private like Walmart or Facebook.
The Federal Reserve prints money. They do it whenever they want. Alan Greenspan came (the main piece is at 7:50 in this segment) and said the Federal Reserve is accountable to no one. They are above the law.
That's never been more evident than when in 2008 the federal reserve printed around 20T dollars and then gave it mostly to foreign banks. To put that in comparison... every working man and woman working for a full year generate around the same amount of money. So, they took the collective work of a nation of 300M people and simply typed that much money into a computer screen and then handed it out to foreigners.
Yeah, but who cares?
You should. This is why your doughnuts are more expensive than a dollar rather than 10 doughnuts to 1 dollar. This is why it costs hundreds now to fill up your grocery cart. This is why everything seems so expensive compared to when your parents had to do the same things.
They inflate the money, they get the benefit, and you're holding the bags.
Yeah, but I already know this aggy!
Right, but here's your homework. Try to have this conversation with 1 normie at least once a month. Try to get them thinking about where does the value of money come from. Let's see if we can't convert some more folks away from fiat.
I work at the farmers market once a week and put up a sign that says that I accept Bitcoin (and all other cryptocurrencies). I usually get one or two people a day that we have this conversation. Most people can't see past the hype of crypto to its actual purpose until someone points it out. Everyone already knows the problems with fiat... they just didn't know that blockchain holds the solution. Everyone I talk to leaves inspired to do some homework.
you sir get a 100% vote and a follow
It was only recently when I started reading The Creature From Jekyll Island that I realised just how ridiculous fiat money and fractional reserve banking is and how inflation is basically a stealth tax. I try to speak to people about it but most aren't interested and although I've sent copies of the Creature from Jekyll Island to many people so they can read about how the Fed was formed and just how corrupt and rigged it all is, most simply will not believe that it could have been planned to be this way.
I've been doing the homework you set for a while now and will continue to do so because only when people are aware of the trap they are in can they hope to escape from it.
Nice post
Donuts used to cost 5¢! It was 20:1 odds.
Fortunately, most of the monetary inflation has not come back into price inflation yet. Its mostly going into the stock/bond market and...
the Housing Market.
Why is house prices so high today? Because people can borrow that much money. That is the main place we see bankster printed money going.
House prices should be going down. We are 10x faster and more efficient at constructing them now. Everyone should have a house. They're cheap.
Instead we have people living in shipping containers. (upgraded trash bins)
Such a good point. Never considered this before!
I try all the time, they just don't get it. It's like talking to a brick wall and sadly, they don't even realize they're stuck in a sheep/enslaved mentality. Great post from a mind of a thinker.
No way, I tried to convince of the benefits of the Steem blockchain, and the crypto currencies to a normie, and he laughted saying that the Bitcoin doesn't have any value.
When I told him that neither the dollar has the value its supposed to have and pointed the real posibility of devaluation of the FIAT currencies he looked at me as if I were crazy.
Normies don't understand the risks of the FIAT world if they did everyone would search into crypto looking for some economic security.
And I know nothing of economics, I've only been learning that recently.
Off topic: Thanks for reminding me of an year old idea of mine about old phrases. I have to renew that.
Posted using Partiko Android
The more committed we are to using their money; the less incentive they have to keep it stable.
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
In 1964, when dimes were silver, a gallon of gas cost 30 cents. Today, a gallon of gas is about $3.30.
Today, 3 silver dimes (30 cents)have a melt value of $3.33 which will purchase that same gallon of gas. Prices haven’t changed. The value of the money has declined.
An Asteroid should fall into the Fed Reserve bank to stop all these humanitarian fiscal calamity.