My Thoughts On Inflation.us
I have been following Inflation.us for quite some time now. I first have to say that I am NOT a fan buying gold. I am however a fan of buying silver in our current world consumption is king. Gold at the moment for the most part is not a metal that is consumed. NIA has spoken highly of Peter Schiff which I think is genius in his own light but I have strong disagreements with them when it comes to Gold. I personally don’t believe in Gold and I think Gold destined to reach an all-time low in the coming months.
Does Inflation.us have self interests at heart
People tend to forget that silver and gold coins are bought using currency. If currency was really losing value or if we were really experiencing a currency crisis why would precious metal dealers accept currency as a form of payment. President Nixon as well as the powers that be took us off the gold standard because of events like the ones we are having now. They did not print money in ancient Rome they used silver and gold yet Rome still went bankrupt ever wondered why? The reason was once the Rich had all the money they could do anything they wanted. During this period in time in order for Rome to stimulate the economy Rome would have to find or dig for more Gold and silver.
Therefore in reality the gold or the precious metals were the main reason for the decline in the Roman Empire. Fast forward to the last great depression most people have not read about the great depression and are allowing people like Glen Beck to educate them about economics I recommend reading about the great depression from Wikipedia http://en.wikipedia.org/wiki/Great_Depression scroll down to where it talks about Causes of the Great Depression.
To be fair everyone can have their opinion on this matter but its clear as day to me to see why there was a great depression in the first place and that reason was the inability to print more money being that America was on the gold standard. Understand if America was to return to the gold standard now in this present day we would have to dig for gold before we could print more money. How dumb does that sound to you? What that would mean in reality is MORE WAR
The only difference is now we would be fighting for something we don’t even need to consume. Oil is currently the blood line of the United States economy most of us know why the United States under the leadership of George W Bush attacked Iraq. What allot of people are reluctant to talk about is the fact Iraq at that time just like Iran is doing now was selling Oil in Euro’s instead of the world’s other reserve currency which is the United States dollar, that’s another topic in self but I say this to remind people about WAR that’s what we are trying to avoid by all costs. WARS
Wars are expensive and wars do not promote growth. The United States at the moment has the ability to print as much money as it wants because the USD holds the title of being the world’s reserve currency. If the U.S were to return to the gold standard then GOLD would be the worlds reserved “currency”. Many of these conspiracy theorists or so called new emerging experts do not research history. Most of them also in my opinion don’t fully understand business or economics. We the people control the market when there is fear in the market good money goes into hiding I’m sure many of you have heard that saying.
Had we been in the gold standard now instead of a stimulus package we would have a REAL depression a catastrophic depression. For the record I DON’T BUY GOLD I invest in silver but I don’t buy gold coins or invest in gold. Nobody wants to return to the old world where we trade in gold and silver pieces. That just sounds stupid even in a complete collapse of society gold might not be accepted there are countries such as Africa and Asia where they have gold in abundance, would you as an American like to be ruled by them. Because under a gold standard those with the gold rule. This stuff has gotten out of hand and is beginning to sound ridiculous. Now that I’ve gotten that off my chest I would like to re-direct people’s attention to the Inflation.us website.
Something looks and smells fishy about Inflation.us
Inflation.us has made it a mission to constantly bash the United States President and his administration pointing out flaws in everything that he does that being said i would like Inflation.us to explain something to me. Two interesting articles I found one on their website he other was an email I received. The first one is dated August 11, 2010 it can be found at http://inflation.us/mainstreammediateaparty.html in this article they talk about Glen Beck a few paragraphs are listed below
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“Glenn Beck previously had Peter Schiff as a guest on his show on several occasions and obviously knew he was running for senate. It appears as though Glenn Beck wants to have Peter Schiff on only when it is supporting his agenda. Glenn Beck doesn’t care about helping the public become educated about a true libertarian candidate who would actually make a difference in Washington.
Glenn Beck is not our friend. This is not the first time he has showed his true colors. Back when Ron Paul was running for President, Ron Paul raised a record $4.3 million in a single day “money bomb” all from grassroots supporters. Rather than praising Ron Paul and his supporters for their tremendous accomplishment, Glenn Beck questioned the use of the word “bomb” in “money bomb” and said that Americans who were supporting the “Ron Paul Revolution” were taking the word “revolution” way too seriously. Glenn Beck even said that he feared the U.S. military would one day need to be used domestically against Ron Paul donors.”
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It clearly states Glen Beck is not our friend for the record at the time i am writing this the date is October 5, 2010 the title of that post was called Mainstream Media Hijacking Tea Party Movement this is on the Inflation.us website. Ok well today I received an email from Inflation.us and it said the following.
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“Glenn Beck just did an amazing report about food inflation on his program tonight and mentioned NIA in his segment! We just posted it for you to see on our video page: http://inflation.us/videos.html
Glenn Beck is now the only person in the mainstream media who we highly respect for helping expose the truth about the hyperinflationary crisis that is ahead!
Be ready for NIA’s shocking and informative report that we will be releasing tomorrow morning about our U.S. Food Price Projections!
If you would like your family members, friends, and co-workers to receive this special report, please tell them to become a member of NIA for free today at http://inflation.us”
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My Final Thoughts on Inflation.us
In their defense maybe they were just happy to get noticed by the mainstream media (the same media they had been bashing for several months’ I might add). But it just seemed quite fishy to me so what happened to Peter Schiff? Is he less your friend now or are they both your friends now. Because if they are now put yourself back in human territory. Are you inflation.us saying you were wrong about Glen Beck maybe like how you’re wrong about Gold and other things. So maybe now it’s fair for me to say that you are only looking at things from your angle from your perspective.
I remind all readers to think for yourself and envision the world that you want to envision stop letting these people control you or control your thoughts. Many of them are really not that smart and are using whatever media attention they can get to make themselves more money. No rich person in their right mind wants to return to the gold standard. That would in fact limit their riches and put their own lives in jeopardy. It would also cause major instability in the markets although the big talk lately has been money printing, The point people need to understand is that this is the reason why we were taken off the gold standard in the first place. Another point I want to point out is if you research history you’ll learn that the first class of Americans that got permanently taxed was the rich and wealthy. Why you ask? Because they needed government protection everyone was trying rob and kill them. Think scrooge mcduck and his money bin full of gold
Some Things I want point out before you invest in Gold
When the markets are slow or crash good money goes into hiding or the rich take their money out and or stop investing. If were under a Gold standard when this happens we fall into a real depression because all the gold is GONE! The America Militarily is the strongest in the world. America also has the largest consumer base in the world. The markets are based on Confidence that’s why people can trade currency. Money and Gold are both made up forms of currency the difference is Gold has be dug from up out the earth and money only needs to be printed.
Another thing to consider about gold is if there really was a currency crisis why would gold coin companies accept U.S currency or any currency for that matter? Just think about it for a moment.
Does Printing Money Devalue Currency? The Purpose of the Federal Reserve
Yes printing more money devalues currency that’s why after the printing of money has been completed the government when the market gets better will raise interest rates. This is another reason why we have the Federal Reserve. If you’ve ever heard of money just disappearing from the Federal Reserve this is one of the reasons why this might happen. Too much money does devalue currency because it’s too easily accessible. Another thing Inflation.us won’t talk about is Tax Breaks for the rich. For many of you it’s a matter of just upping your financial IQ. Obama was going to tax the rich it’s what democrats do and from that this tea party stuff arose overnight and instantly became a force to be reckon, look at it this way if someone was going to take money from your hands would you just stand there and let them?.
What many people don’t want to talk about is corporate taxes this is one of the reasons why I stopped listening to Gerald Celente and other conspiracy theorists. If these people were so smart why are they not talking about rich people who hide their money under the corporate tax structure? For those of you that don’t know small business and employees are taxed differently from rich people who hide their money under the corporate tax structure. Small business and employees earn and are taxed. Corporations are taxed on what they have left over AFTER they spend what do have for that year. Not only that; but Corporations are also given a much lower tax percentage.
Rich I mean Rush Limbaugh’s Ranting
If you recall Rush Limbaugh (who is rich enough to buy an NFL franchise) ranting a few months back about Obama this could have been his main reason for doing this. The NAACP calls right wings racists i feel differently in my opinion in everything all you have to do is follow the money trail. Republicans hate democrats because democrats by nature try to spread the wealth. In order to spread wealth you have to take from one group and give it to the other. I am not telling you what to do with your money but I am saying most of what you are hearing is nothing more than a RACKET!!! It’s the monies and powers fighting for control.
Fear the Fear Mongers
Yes America is in a crisis but it’s not as bad as these fear mongers are making it out to be, they had a similar situation in the 1980′ the 1990’s and even 2000 market crashes are inevitable that is the main reason we were taking off the gold standard. J.D Rockefeller and J.P Morgan already showed the world why the Gold Standard does not work, the ones who own the gold rule. Because currency is nothing more than paper a person can’t just have it or take it out and keep it to themselves. If you’ve ever saved money in the bank before you will notice you get TAXED to do so.
Our current monetary system is intended to encourage both spending and/or investing Capitalism is expansion, expanding ones means expanding ones reach. The America Dream is to take nothing and turn it into something. The unfortunate side of this is that some people take nothing and turn it into something negative. For the record the people at Inflation.us are not financial advisors so although they may have some good points don’t allow their flawed opinion(s) to control your thoughts and actions, be responsible and think for yourself.
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As an economics minor from JMU, I am a bit surprised that you would rather have money that is backed by air, than money that is backed by something of value. I don’t suppose that it occurred to you to look at how the U.S. prospered under the “gold standard” until the 1930’s, when FDR started setting the price at his whim. Our currency before 1913 went up in value from the beginnings of the dollar, and since 1913 has lost almost 90% of its former worth.
With respect to Rome, it was their spending that caused them to crash, and it is the same problem now. The value of money doesn’t factor one way or the other, as it is just a medium of exchange. However, the debt load that we now carry is the real problem, and the people that will suffer from it the most are the lower class and middle class, as you pointed out so well. I also don’t invest in gold, I have a little as diversity goes, but mostly silver, because if the dollar does collapse, it will be hard to break a gold coin up, where a silver coin will be much easier to get a fair trade to work with.
Thanks for your input. Gold is not a consumed precious metal. Our current world is based on consumption. Until Gold becomes a consumed metal i am not a believer. I believe in money backed by thin air because in the end everything is all about supply and demand. The issue with Rome was not just spending every empire spends it was the fact that when they were spending the money was not coming back to Rome. That goes to back thin air currency the problem with the U.S dollar is that its leaving the country lets say our dollar was backed by gold all the gold would have left the country a loooooooooong time ago. In terms of silver i personally do have silver coins in case of emergency but i don’t believe in silver either in terms of something to trade with. I buy/invest in silver because once the people of the world realize the limited supply of silver we do have the price of silver will go up. Gold on the other is coming waaaaaaaaaaay down and if it doesn’t kiss the game goodbye i don’t understand how people could be so ignorant to this.
The last great depression showed the world that the gold standard didn’t work it can’t work you ready to go dig for gold? Capitalism can not be contained by gold it just sounds dumb gold doesn’t run my car my house or give me electricity gold can make me food can’t produce food gold as it stands now is just a shiny metal maybe in the future when its consumed i will look at it differently. Have you been to India? have you been to Africa gold is like nothing to those people put America back on the gold standard and you’ll see instability.
On another note I am a believer that America needs to start a trade war with China. We need to tax Chinese goods coming into this country its not fair for America we can not compete and also the Chinese are purposely devaluing their currency so American businesses can’t compete with them. I am all in favor of a Trade War!!! China needs to fix their country before they start flood the American market with their goods. Capitalism is suppose to be competitive not a monopoly.
I love checking out your blog, the articles are always extremely informative and just how you lay every thing out makes it easy to understand. I don’t usually comment however I decided I ought to at least thank you for doing an extremely excellent job. Thank you and keep up the good work.