While I certainly share in the concern of many for the well being of people of color as a result of so-called "Stimulus Package", I must say that the whole presentation smacks of deception; and I can't see how any of us can truly benefit from being deceived.
I am not saying that our new President - Mr. Barack Obama - is attempting to deceive the American people. I am saying that this deception has been going on since before President Obama was even born; and those same deceivers (and/or their successors) are working even more feverishly, now, to keep the deception going.
In the Hon. Elijah Muhammad's book, "The Fall of America", he states:
"The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.
"The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.
"But today, the currency of America is not backed by any sound value - silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold."
Thus, it could be said that the "fall" of America began when she went off the gold and silver standards as backing for her currency/economy.
Why did the world go off the gold and silver standard?
Where did all that gold "go"?
Who has it?
And WHY don't/won't they redistribute it to the Nations that need it to sustain their currencies/economies?
Here's another look at it...
If there is a fixed amount of gold to back a fixed amount of currency, then we can say the economy is "stable". However, to increase the amount of currency, while keeping the amount of gold "fixed", this means that each unit of currency is "devalued".
For example:
If I have my own economic system, and I have $100,000 in currency circulating through my economy, backed by 100 ounces of gold, that means that $1,000 will get me 1 ounce of gold. However, if I print or coin (add) an additional $100,000 dollars (total $200,000) in currency WITHOUT acquiring an additional amount of gold to back that additional currency (leaving the amount of gold at 100 ounces), then that same $1,000 will get me only 1/2 ounce of gold.
If I print an additional $100K, leaving the amount of gold fixed at 100 ounces, then that $1,000 will get me only 1/3 ounce of gold. $400K in currency backed by 100 ounces of gold means that $1,000 will get me only 1/4 ounce of gold.
You see the pattern? The more "currency" that is printed, without acquiring the gold/silver to back that additional currency, it only DEVALUES the currency...and thus the economy is not "stimulated"...but WEAKENED!
In California, the governor is planning to give taxpayers "IOU's" for their State tax refunds. Naturally, this has many people up in arms. What they don't realize is that they have been LIVING off of "IOU's" practically ALL THEIR LIVES, because the "dollars" they carry in their wallets or deposit in their bank accounts are actually...that's right..."IOU's" -- with no specified value or backing. Prior to going of the gold/silver standard, the paper currency in America used to read, "Pay the bearer, on demand, the equivalent in gold/silver", or words to that effect.
NOW, the money reads "Federal Reserve Note"..."This note is legal tender for all debts, public and private".
Think of it this way...it's like making Coffee (smile). In order to receive adequate "stimulus" from your morning cup of coffee, there must be a proper balance of coffee and water. If you add twice as much water, or more, to the same amount of coffee, you have to drink twice as much to get the same effect.
If you add four times as much water to the same amount of coffee, then you have to drink FOUR cups to get the same effect that you used to get from ONE.
The economy is being "watered down" to unacceptable levels, to the point where, soon, we will not be able to say we're "drinking coffee" at all...but only "brown water". Yuck!!
RM
This is an excellent example of how Gold is actually destryed as value.
ReplyDeleteNow what happens when you get a lein on that very gold you devalues?