The man who raises cows and bulls has valuable assets, but livestock is difficult to carry in your pocket and not practical for dividing into small denominations. Animals also live for only a few years. The fisherman has lots of fish, but they also die quickly, and not everyone even likes fish.
Today marks the 109th anniversary of the creation of the Federal Reserve on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. The financial insiders rejoice this holiday season, as they have every Christmas Eve for the last 109 years, congratulating themselves on their stupendous fortunes and looking forward to a prosperous new year!
Time for some cold hard brutal honesty. To the minority of New Hampshire Republicans who do not yet support peaceful separation from DC politicians, have you thought about what it would take to shake you from your slumber and make you realize that secession is literally our only option if we want our children to have the same liberties we had?
Nearly every government eventually becomes greedy and seeks to steal more from its people than it could via simple taxation. Tyrants in the federal government always wanted to control the money that the people used. Alexander Hamilton wanted the President to rule over the Americans for life with massive powers, and he wanted the central government to be quite authoritarian.
Gresham’s Law states that in a competition between currency, bad money will win out over good money over time, in other words, the average person will be more likely to use their US Dollars to purchase goods and services over their Goldbacks because the gold will maintain value, while the US Dollar won’t. Shaffer gave his answer to the dilemma of Gresham’s Law.
The headline read: “Inflation’s Silver Lining: Higher Salaries”, and the article expanded on the childish logic that the title was based on.