Just When Social Security Was About To Collapse A Half Million American Retirees Died Prematurely Of COVID-19. That Saves ~$48.5 Billion. Was This All Pre-Planned?
Elitist Bank Of International Settlements Issues Digital Currencies Guide But Doesn’t Instruct How To Correct Ongoing Central Bank Public Robbery.
The game is as old as the Roman Empire. The Roman Emperor was to be worshiped. He ruled by executive orders. Conquer other lands, then issue a new currency, in this case a silver denarius, said to be worth a day’s wages at the time, and force the conquered to pay homage (taxes) and you control and subjugate the people. Then shave silver off the edges of the silver coins, something called debasement, akin to inflation with modern paper dollars. Eventually the silver content of a denarius fell to zero. Shrewd Roman soldiers reportedly refused to accept debased silver coins as payment for their services.
So readers can roughly assess the rate of inflation over the centuries, the Bible says Jesus fed bread to 5000 which would have cost ~200 denarii or a half-year’s pay at the time. A denarius would be worth ~$2.60 today. A $1 slider (small hamburger) would cost $5000 or 1,923 denarii to feed those five-thousand today.
Back in the day, a Roman denarius could buy a male slave (500 denarii), a female slave (2,000-6,000 denarii) or an apartment (48-288 denarii/year).
Today, overspending world economies based upon fiat currency (unsecured paper money) have printed themselves out of insolvency at the expense of their tax payers by using inflation (printing more paper and electronic money which dilutes the value of existing money and results in less purchasing power) to keep the ship of state from sinking financially.
As Matthew Piepenburg says: “there’s no better way to get themselves (the central bank) out of a $30T public debt hole of their own digging than by sucker-punching the masses with deliberate inflation to pay off their own debt binge with increasingly inflation-debased dollars.”
A $1437 Social Security check should be $7611!
If you had to increase Social Security checks pegged to the real rate of inflation (not the published rate of inflation), the average $321 Social Security check in 1980 would be $7611 today (ShadowStats.com inflation calculator), when in fact the average SS check today is only $1437.
According to ShadowStats.com the real current rate of inflation is 13%, not the central bank’s target rate of 2%. You get the picture. Today’s money is not worth yesterday’s money.
Meanwhile, the price of a 1-ounce gold coin is ~$1800 today when adjusted for inflation from $850 in 1980 to the present, it would be $21,900. Somebody is manipulating precious metals prices downward so there is no competition for the increasingly worthless paper money.
Hidden erosion of wealth
Naïve Americans check their savings account and it has about the same amount of money in it from year to year, interest rates being less than 1%. Most Americans don’t realize the value of their money is being eroded and doesn’t have the same purchasing power it once did.
The people will never notice that the good money they put into the system was paid back in weak money when taken out decades later. This is public robbery of the highest order.
Velocity of money at an all-time low
$5.4 trillion has been added to the money supply as financial stimulus during the Covid crisis. Because of inflation, new money put into the system has to be spent before it becomes worthless over time. The only thing keeping a lid on inflation is that US consumers are saving or paying down credit card bills, not spending. The velocity of money (how fast money is spent) is at an all-time low. Over two trillion dollars of stimulus money ended up in the hands of bankers because recipients parked it.
If consumers don’t spend, inflation is stalled
Shortages of goods due to supply chain problems may have a back-side blessing. Consumers can’t spend as much money on Christmas gifts this year due to a backup of foreign-made goods at ports of entry. If money isn’t spent, retailers will have to hold down prices. Predicted inflation will stall out. At this moment, the public is dropping a monkey wrench into the government’s planned inflation to coerce adoption of digital currency. Wouldn’t you know– the damn peons aren’t cooperating according to plan J.
There are no life boats: everyone will go down with a sinking ship
There is no account at Social Security with your name on it that has money in it. Everyone will go down with the ship when the river of new money dries up and can’t prop up the stock market bubble any longer. Then the stock market tumbles, people panic and hoard stuff, inflation runs wild and the dollar is toast. That moment is now upon us. Ironically, the only thing holding up the predicted inflation is that the stimulus money must be spent for run-away inflation to occur.
This inevitable financial and monetary crisis appears to be created to force Americans to accept a new digital currency, which is a social control mechanism, not a remedy to what ails the economy or halts erosion in the value of the dollar.
Adoption of digital currency is like buying a new car that can go faster (rapid transactions) and is bought at a bargain price (reduced handling fees), but you can’t drive the car when and where you want to drive the car (forbidden to make certain purchases).
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