Mike Church: We Know the FEDERAL RESERVE is the Enemy
NEW ORLEANS, La. Patricia in South Carolina calls in to speak with Mike about the widely held misnomer regarding the price of gasoline. Her impassioned excoriation of the FEDERAL RESERVEs system of fiat currency makes plain, the price of gasoline is not rising in terms of actual value, but instead illuminates the utter devaluation of the Dollar.
The evidence is plain, as even the government via the Bureau of Labor and Statistics acknowledges the U.S. dollar has plummeted in value since being completely unlinked from gold by then President Nixon in 1971 and is down over 95% since the inception of the Third Central Bank of the United States in 1913.
Prior to the creation of the FEDERAL RESERVE the value of the dollar fluctuated very little stretching all the way back to the adoption of the U.S. Constitution in 1789. For the large part of American history, twenty dollars manifested the purchasing power of one entire ounce of gold. Whereas today purchasing the same amount of goods and services an ounce of gold will obtain costs approximately $1,500.00 dollars.
Thus it is clear, Ben Benanke can claim inflation is “transitory” or “non-existent” until he is blue in the face, however that does not change the fact that the FEDERAL RESERVE has utterly failed to live up to its original charter of preserving the value of the dollar, stable interest rates, and zero unemployment. Therefore there is only one option left, and it is not to “reform” the central economic plan as all are inherently flawed and incapable of “managing the economy”, not to mention wholly unconstitutional; it is time to END the FED.
Oh but wait, how would we wage endless Imperial wars without central banker financing collateralized by ours and our posterity’s wages, via the INCOME TAX?
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