This is such a simple subject, but perhaps the most widely mistaken. Ask anyone what inflation is, and they say, “Prices going up.” Ask them why prices are going up, and the answers are invariably an assortment of answers which have absolutely nothing to do with the cause. The answer is as the dictionary says it is, and that is, “An increase in the money supply.” It’s all so simple! It has happened throughout history, and will happen through all of future history. Why do I repeat and write about this? Because hard times are not coming. They are here. Millions are in deep trouble economically, and they are depending on their savings to help them. This is the mistake which will finish them, and they need to be told. Copy this and hand it out. Not for my business, but for the benefit of those you know and love. Their savings, pensions, and all they count on, are in DOLLARS, and the dollar is a FAILING MEASUREMENT OF OUR WEALTH. They must get OUT of dollars to be saved.
Dollars are being recklessly printed by the hundreds of billions each year, and the more printed, the less they are worth, and the less they will buy. Why should anyone save in dollars or depend on them to bail them out of economic hardships? Would you continue going to a doctor who prescribed the wrong drugs, or who didn’t seem to know what he was doing? would you continue to patronize a restaurant which continually made you sick? Would you purchase a brand of car which always broke down? This is why women always buy Jap cars. They are more dependable. But everyone saves in dollars, and it is killing them. A savings account in dollars, is a lousy insurance policy, because they lose value and purchasing power every day, because they are backed by nothing, and there is no limit on the amount which can be created…out of nothing…by stupid politicians who cannot control spending. It may even be tool late to even try to control spending, because of the millions of welfare recipients, Medicare, Social Security, and other mandates, which cannot be removed. It’s possibly too late to control spending, for all I know. The die has been cast, and the only solution for smart people is to get the hell out of dollars, cashing their pensions, IRAs, and all other forms of dollar savings. The dollar’s future is not just dim, it is fatal. Get out of dollars and into gold and silver, which are historic money, cannot be produced at the will of a politician, and are easily stored, bought, and sold.
No, you will not use your gold and silver to barter with; but to sell a bit of it when you need dollars, or whatever currency there is to stay alive and purchase what you need. The gold and silver will not change. They will remain the same gold and silver when currencies fail. Their prices will simply go up in failing dollars, just like milk, cars, gas, rent, lumber, books, glass, shoes, and bullets. EVERYTHING WILL CONTINUE TO GO UP IN DOLLARS. There’s no way to stop it, and that’s why you and everyone you know, needs to get out of them and into gold and silver, just to preserve what you have. If you save and continue to save in dollars, no interest will possibly keep up with inflation. If you get 4% interest, and inflation is in actuality 12%, and probably more, you will have decapitalized yourself maybe 10% a year. In other words, your retirement account will be worth ten percent less each year. In ten years it will have vanished, but probably sooner, because we are on the verge of runaway inflation.
Inflation, once it gets started, is impossible to stop. It is a snowball gaining size and speed as it runs downhill, collecting more snow and speed as it rolls down to the bottom. It is a truck without brakes going down a hill, which gains momentum as it rolls. Inflation, once it got started, with FDR and all the subsequent wars, welfare schemes, and programs, it is impossible to stop. We have an entire growing class of dependents on government to care for them, feed them, and protect them. This feeding, caring, and protecting, are all paid with printing press dollars, which are backed by nothing, can be produced at the flick of a switch, and will continue to be produced that way. Please tell everyone you know and care for that they must get out of dollars. Dollars are a plague, a disease, and an addiction which must be broken. Copy this, forward it, and publicize it. You must save your friends and loved ones. It’s all so simple!