"What goes on in the gilded halls of our government has nothing to do with my own life," many no doubt thought to themselves in the smug years of the past two decades. This sentiment led many to the false idea that every individual American was the sole master of his own destiny – that each man could "do anything" with his life if he simply worked hard enough, got a college degree, or started a small business. It also led to the equally false idea that government spending for war and welfare is irrelevant to the enterprising individual American, and that he need never worry that his life’s work could be wrecked in an instant by inflation by the Federal Reserve. These ideas have now been exposed as mere fantasies engendered by years and years of artificial prosperity financed through government debt and money creation. The veil of artificial prosperity has finally been lifted, allowing many to see for the first time the awful costs of our imperial government. [Emphasis added]
The government is imposing a policy of inflation to disguise the ruinous disaster they have created in the economy. The dollar, already inflated to only 3% of the value it had when the Fed was created in 1913, will suffer an ignominious decline when the flood of newly created money begins circulating.
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