Money, Money, Money #2

Written By: Jeff Peterson  |  Posted: Tuesday, March 16th, 2010

My first article for the Eau Claire Journal was an admonition to read Creature from Jekyll Island, by G. Edward Griffin. Have you read it? Please do. If you want to learn the details of what is going on in our economy today, this is an excellent place to start. A copy can be obtained through Amazon for less than $25.

Today's article is about inflation. Every one of us is affected by inflation, "the tax we pay to be in a paper currency economy". The U.S. economy has used promissory notes, i.e. Federal Reserve Bank notes, as currency for almost 100 years. No nation that has used "debt currency" has avoided the destruction of that currency for more than 100 years. Our mistake was made in 1913; we are only three years away from that maximum. Perhaps America will be able to hold it together for 105 years or 110 years