Theft by any other name.
Inflation is the most insidious tax of all. We don't get to vote on it, we don't get a bill for it. It just eats our money relentlessly. And, you may ask, what causes this beast? Purely and simply, the printing (nowadays the electronic creation of) of fiat currency. It is not interest rates or some evil dude in China. It is the Federal Reserve making money up out of nothing and dumping it into our economy. The politicians in Washington love it because they get to spend this money without a peep from we the sheeple.
And how bad is this situation? Take a look at the following:
In 1968, an existing single family median home price in the south was $19,000.00. Ten percent down was $1,900.00. This took 1188 hours of work at a minimum wage of $1.60 per hour to pay for.
In 2008, the median home price was $169,000.00, 10% down was 16,909.00. This took 2582 hours of work at a minimum wage of $6.55 per hour to cover.
This from the US Government and the National Association of Realtors. I can email the entire table if any of you would like to see it.
Not only is your dollar worth less, the hour of your labor is worth less. You are being devalued by a conspiracy between the criminal bankers and the criminals in Washington, DC. You are being systematically robbed of your very labor, initiative, your sweat and the very hours of existence to finance a cabal of thieves.
I strongly recommend the reading of "The Creature From Jeckyl Island" by G. Edward Griffin. It will make you rather angry.
And how bad is this situation? Take a look at the following:
In 1968, an existing single family median home price in the south was $19,000.00. Ten percent down was $1,900.00. This took 1188 hours of work at a minimum wage of $1.60 per hour to pay for.
In 2008, the median home price was $169,000.00, 10% down was 16,909.00. This took 2582 hours of work at a minimum wage of $6.55 per hour to cover.
This from the US Government and the National Association of Realtors. I can email the entire table if any of you would like to see it.
Not only is your dollar worth less, the hour of your labor is worth less. You are being devalued by a conspiracy between the criminal bankers and the criminals in Washington, DC. You are being systematically robbed of your very labor, initiative, your sweat and the very hours of existence to finance a cabal of thieves.
I strongly recommend the reading of "The Creature From Jeckyl Island" by G. Edward Griffin. It will make you rather angry.
Labels: congresscritters, crooks, federal reserve, inflation, scum politicians, theft
