September 11, 2017
In the 20th century; by the end of the 1960’s, Western societies and especially Canada and the United States reached a level of prosperity never seen before – or since. Since the early 1970’s; the standard of living across the Western world has been in a relentless trajectory downward.
An article from April 2012 noted that the standard of living in the United States had already fallen by more than 50% since its zenith. Since that time, the standard of living in the U.S. (and across the West) has been devoured by 5 ½ years more “inflation” – the same “inflation” that the criminal bankers and corrupt politicians insist does not exist.
At the end of the 1960’s; a chocolate bar cost a dime. Today, a smaller version of that same chocolate bar costs close to a dollar. That 90% loss in purchasing power of the paper in our wallets is all inflation.
The beginning of the collapse in our standard of living in the early 1970’s wasn’t the only event of note at that time. The early 1970’s also marked the end of the gold standard. Coincidence?
From the end of World War II until the end of the gold standard, the standard of living across the Western world went almost straight up. Since Paul Volcker assassinated the gold standard, our standard of living has gone straight down. Seventy-five years of “coincidence”?
Of course not. The Criminals themselves have already confessed to their crime.
In the absence of the gold standard, there is no way to protect savings [wealth] from confiscation [theft] through inflation.
- Alan Greenspan
The correct, economic definition of inflation is simple: an increase in the supply of money. Print and steal. The bankers print more of their funny-money, and that dilution causes the value of the sunny-money to decline.
Where does the wealth go? Where has the 90% loss in the purchasing power of our paper gone since the bankers assassinated the gold standard? Into the bankers’ vaults.
All of the new funny-money that is printed up is handed to the Big Banks. The Big Banks, and only the Big Banks (and their oligarch owners ) are immune to the crime of print-and-steal. Everyone else loses.
For 1,000 years, this has been the bankers’ Game. That is why for 1,000 years, every one of their paper fiat currencies has gone to zero. Print-and-steal long enough and eventually you reach zero.
The affluence of the end of the 1960’s was obvious: two-car garages, with only one wage-earner. Virtually everyone who wanted to own their own home could afford to do so, with no more than a 20-year mortgage.
Today, with the typical family, it’s two wage-earners and a one-car garage – for the fortunate minority who can afford to live in their own home. For many of the Working Poor , it’s two wage-earners, an apartment, and no car. And they are still luckier than many: the Homeless People. No car. No roof.
This is what 45+ years of print-and-steal has produced. Readers have been previously alerted to this crime against humanity .
At first glance, this chart may be indecipherable to some, insignificant to others. Look closer.
We see that even though the West and India have nearly identical populations, the West has more than 20% more of the poorest-of-the-poor. When we compare the West with Africa, we see that the West (with a slightly greater population) hosts a slightly greater percentage of the poorest-of-the-poor. In proportionate terms; the West and Africa have roughly identical percentages of the poorest-of-the-poor.
Let me repeat this. When it comes to the poorest people on Earth, as percentages of our populations, there are now more of the poorest-of-the-poor in the West than in India, and a virtually identical percentage when compared to Africa .
To be clear, when considering starvation-level poverty, the plight is still worse in so-called Third World nations. However, when it comes to the lowest two deciles of wealth (the bottom 20%), in proportionate terms there are more of such people in the West than in India – and the same amount as in Africa.
Things aren’t much better for the 30% of the population right above that .
About half of Canadian workers living paycheque to paycheque: survey
Print and steal. From one wage earner and a two-car garage to “paycheque to paycheque”.
Print and steal. The bankers’ Crime can’t continue for another 45 years because print-and-steal does more than impoverish populations. It bankrupts entire societies .
Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion
Most of this debt has been created in the West: 10% of the world’s population, more than half of the world’s debts. Debt Jubilee is now inevitable in the West. For most of the Rest of the World it will be a matter of choice: not allowing only the West’s Deadbeat Debtors to walk away from their debts.
Greece already tried for its own Debt Jubilee – after its economy was totally destroyed by the economic terrorism of the One Bank. The bankers said “no”, telling this bankrupt nation that it had to borrow more money. How perverse is that?
As the holder of all these (illegal and unenforceable) debts, the One Bank will try to delay Debt Jubilee as long as possible. Until then, it is just more print-and-steal. But we do not have to be victims.
Our corrupt governments refuse to protect us from print-and-steal by resurrecting the gold standard. So there is no protection available at the Systemic level. However, we can still protect ourselves as individuals.
Regular readers and astute investors know the antidote to print-and-steal: precious metals. The logic could not be more elementary.
The crime of print-and-steal is how the bankers loot the wealth from inside our paper. How do we protect ourselves? We don’t hold our wealth inside the bankers’ paper. We store our wealth in gold and silver. There it is safe from the One Bank.
Forget about the phony paper prices for gold and silver. Their only significance is a favorable exchange rate when we jettison more of the bankers’ paper.
With our wealth safely stored in gold and silver, all that the Criminals are capable of doing is to temporarily depress the paper exchange rate – they are the Rulers of all that (fraudulent) paper. They can do no more than that. And even here it is important to maintain perspective.
Two thousand years ago in ancient Rome; with a one-ounce gold coin a gentlemen could purchase a suit of the finest clothing, along with accessories – a hand-made toga, belt, and sandals.
Five hundred years ago; with a one-ounce gold coin a gentleman could purchase a tailor-made suit, along with accessories.
Today, despite decades of the One Bank attacking the price of gold, with a one-ounce gold coin we can still buy a suit and accessories. We just have to buy “off the rack”.
Compare that to the 90% loss in purchasing power with the bankers’ paper. There is no comparison. Safety, or financial rape.
Paper = poverty. Precious metals = prosperity. It is a simple equation.
For a small number, they can earn more wealth even faster than the bankers are stealing it. For everyone else, the bankers’ paper is a one-way ticket to poverty.
Ignore the paper prices. Remember the equation. It may be your only financial hope.