June 10, 2008 1 Comment
“…And furthermore, if I had been there at this little inquisition, I could have grabbed the microphone and said, “I’ll gladly answer that question, Senator! The reason that oil costs so much in dollars is that the purchasing power of the dollar has dropped by 40% in 5 lousy years, thanks to you letting the Federal Reserve create so much damned money, you lowlife scumbag! If the dollar still had its buying power, oil would still be $25 a barrel like it was in 2002, but nooOOoooo! You dumb, stupid, ignorant Congressional morons decided to borrow and then spend so insanely much money that the Federal Reserve was required (and only too happy!) to create all the money and credit needed to finance the disgusting orgy of your irresponsible government spending, now totaling $9.4 trillion in national debt, because if the Fed did not create the money, your enormous borrowing needs would have sucked up every freaking dime of savings in the country a dozen times over, driving interest rates through the roof, called the ‘squeezing out effect’. That’s why oil costs so much, you ignorant, preening Congressional moron!”
My rude and insulting approach differs from that of Chris Mayer, writing at Agora Financial’s 5-Minute Forecast, who calmly explains, “Since January 2001, you can explain the move in the price of oil largely as a function of increasing money supply. As the amount of money grows, the price of oil rises. In fact, almost 87% of the move in the price of oil can be explained by the increase in money supply.”
So now the question is, “Are the members of Congress and the oil company executives equally uneducated about the fraud of central banking and fiat currencies….”
“…..Or are they all in on it….”
The problem isn’t oil…
…Oil isn’t the only price that is rapidly rising.
The problem is our money. Monopoly money.
Inflation is the hidden tax you pay when the central bank expands the money supply. Why are they expanding so much right now? Because the people would never be able to pay the taxes necessary to fund the current government operations. It is that simple. They are stealing your wealth and sending it to government contractors. They will pass the Bill onto your children and their children. If you fail to demand a change you are simply selling your children into future slavery to pay for your current government programs.
Make a change.
Do it for your children.
“I sincerely believe… that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23
“Then I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation. Then, no generation can contract debts greater than may be paid during the course of its own existence.” –Thomas Jefferson to James Madison, 1789. ME 7:455, Papers 15:393
“The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time.” –Thomas Jefferson to James Madison, 1789. ME 7:457, Papers 15:398n
“[The natural right to be free of the debts of a previous generation is] a salutary curb on the spirit of war and indebtment, which, since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.” –Thomas Jefferson to John Wayles Eppes, 1813. ME 13:272