Ever since ancient times, governments have robbed the people by cheapening the money. With gold and silver currency, they would make the coins smaller or dilute it with another metal. For example, the ancient Roman coin the Denarius was made with 4.5g of silver in 211 BC. In Jesus' time a denarius was worth the daily wage of an unskilled laborer (about $21). By the second century the silver content of the denarius was reduced to 3.9g and further reduced by the Emperor Nero to 3.4g. In 215, the antoninianus was introduced, nominally worth two denarii. However, the silver content was equal to only 1.5 times that of the denarius. This resulted in the population hoarding the silver denarius and prices went up when payment was made in antoninianuses. By 270-275 the denarius became a bronze coin. The antoninianus at first was silver then bronze washed with silver. Eventually, both the denarius and the antoninianus were made from melted down bronze. Vast quantities were made and they became worthless. Roman coins were debased so the Emperors could provide bread and circuses to the average population until the State weakened so much it could no longer defend itself.
Modern money is made from paper and is backed by the taxing authority of the nation that makes them. Modern governments also buy the loyalty of the populace by the promise of something for nothing. Such is first financed from higher taxes, then from borrowed money, then from printing more currency. That is the first phase of hyperinflation. When about 40% of spending comes from printing money, the nation is near the start of hyperinflation.
So, governments steal our money by cheapening the currency. But, there is one currency that governments can not print and that is gold. And as paper currency is cheapened the price of gold rises in those (paper) currencies, just as prices rose in Rome when the currency was cheapened.
Inflation, devaluation and exchange of only a limited amount of currency for "new" currency are the methods governments use to steal the money of those who work, to gain the support of those who keep them in power. The US has a large leverage internationally in determining inflation rates. As the value of the dollar lowers, others countries feel obliged to cheapen their currency so they can continue to sell at a predetermined rate. For example, the KIWI dollar rose against the US dollar and the Govt of New Zealand shorted its own currency to bring its value down. Thus, the inflation being created by the Obamabots is being internationalized.
There is one currency that can not be defaced or printed and that is pure gold and silver. That is why the value of gold has risen against all currencies. Since 2000 gold has increased in value as follows: Chinese Yuan (+200%), US dollar (+260%), Canadian Dollar (178%), Russian ruble (360%), Mexican Peso (417%), Swiss Franc (155%). As the US dollar is printed in vast quantities, its value is set to plummet. Do not be fooled by the temporary rally in the US dollar. No one escapes the laws of economics.
Modern money is made from paper and is backed by the taxing authority of the nation that makes them. Modern governments also buy the loyalty of the populace by the promise of something for nothing. Such is first financed from higher taxes, then from borrowed money, then from printing more currency. That is the first phase of hyperinflation. When about 40% of spending comes from printing money, the nation is near the start of hyperinflation.
So, governments steal our money by cheapening the currency. But, there is one currency that governments can not print and that is gold. And as paper currency is cheapened the price of gold rises in those (paper) currencies, just as prices rose in Rome when the currency was cheapened.
Inflation, devaluation and exchange of only a limited amount of currency for "new" currency are the methods governments use to steal the money of those who work, to gain the support of those who keep them in power. The US has a large leverage internationally in determining inflation rates. As the value of the dollar lowers, others countries feel obliged to cheapen their currency so they can continue to sell at a predetermined rate. For example, the KIWI dollar rose against the US dollar and the Govt of New Zealand shorted its own currency to bring its value down. Thus, the inflation being created by the Obamabots is being internationalized.
There is one currency that can not be defaced or printed and that is pure gold and silver. That is why the value of gold has risen against all currencies. Since 2000 gold has increased in value as follows: Chinese Yuan (+200%), US dollar (+260%), Canadian Dollar (178%), Russian ruble (360%), Mexican Peso (417%), Swiss Franc (155%). As the US dollar is printed in vast quantities, its value is set to plummet. Do not be fooled by the temporary rally in the US dollar. No one escapes the laws of economics.
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