Please allow old uncle Gene to tell you how the government steals your wealth. As late as 1933 you could take a $20 bill into the bank and exchange it for a $20 gold piece. Yes, once upon a time the United States currency was actually worth something. The Democrats could not stand that! The Democrats, specifically Franklin D. Roosevelt, put an end to that in 1933. Today a $20 bill won’t even allow you to touch a $20 gold piece. In fact it would take at least 75 $20 bills to buy one.
Try this visual, if you buried 1,000 $20 bills in the back yard in 1933 and your kids dug them up today they couldn’t buy a well equipped Buick. They could have bought 30 nice automobiles in 1933. If you buried 1,000 $20 gold pieces back then with the exact same value as the $20 bills, what would that be worth today? In today’s dollars it would be worth about $1,500,000.00. I could buy 50 luxury cars with that kind of money. I call that stealing.
You see, the gold in Fort Knox and in the Federal Reserve once belonged to those who had gold certificates like the one pictured. So now who owns all that gold? Not you, and not you and not me. The Federal Reserve writes a check and gives it to the Treasury Department. The Treasury Department issues Bonds and sells them. Retirement funds, foreign governments and investors buy the bonds. Sounds neat and tidy except for one thing, the Federal Reserve wrote the check with zero balance in the checking account. Yes, the check was not backed by anything. The FED did not create wealth, all they created was debt. There is no scarcity of debt in the United States, no, we have plenty of that.
The National Debt is just the tip of the iceberg, our unfunded requirements amount to about 7 times our National Debt. Rather than showing a willingness to cut spending, tighten the government’s belt and pay down the National Debt, our government is creating more and more National Debt ever second of every day. The dollars you have in your pocket are not even backed by Soylent Green.
It does not take a Rocket Scientist to see where this path leads. It takes somebody smarter than Barack Obama, Hillary Clinton, Chuck Schumer, Harry Reid, John McCain, Lindsey Graham, Dick Durbin, Mitch McConnell, Nancy Pelosi and Bill O’Reilly, somebody like a smart fifth grader. The path America is on leads to total economic collapse and the destruction of our country. Mexico and Iran will pick our bones dry. Our military will be armed with sticks and rocks. Our marble school buildings will be homes for rats and mice. Rice and beans will be a delicacy.
This is not one of those fairy tales where they lived happily ever after, this is the harsh truth. The patriots who try to save America are fought tooth and nail by the Democrats and the Republican National Committee alike. You may have forgotten when a Liberal Democrat, a Liberal Republican and a Conservative Independent were running for Congress in New York. Liberals favored the Democrat and Conservatives favored the Independent. The Republican National Committee gave the Liberal Republican a million dollars after which she dropped out of the race and endorsed the Democrat. Her name is Dede Scozzafava. The Democrat narrowly defeated the Conservative with the help of the RNC. Do you see what Conservatives are up against?
All is not despair, Ted Cruz won in spite of the RNC. There is hope and the very real possibility that Conservatives can save America. Every single one of us must employ social media to the maximum extent possible and get involved in every aspect of Local, State and National Government. Now get to work!