=&0=&1) Voltaire said over 200 years ago, “Paper money eventually returns to its intrinsic value – zero.”2) The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971.3) Because central bank and government policies perpetually increase debt and currency in circulation, the value of the dollar inevitably trends toward zero.4) The destination of the dollar is clear – to near zero. But the journey is important. Will the path of dollar devaluation be slow and steady or a crash that hyperinflates the dollar currency?5) The U.S. dollar is the reserve currency in global trade, but its importance declines every year.6) Reserve currency
status does not last forever.
=&2=&The value of the dollar has devalued against food, automobiles, and most other commodities and paper assets. Another example of devaluation comes from the tobacco index (a proxy for the cost of cigarettes) as calculated by the St. Louis Federal Reserve:
*The dollar is heading toward zero along with other unbacked debt based currencies. It may take several years or many decades. The specifics and timing of the journey are unclear. *
Dollars are created as debt; they are borrowed into existence by commercial banks and central banks that increase debt and collect interest as revenue. Official national debt has increased exponentially (a straight line on a log scale graph) since 1913. [Only Zionist Banks Are Given Counterfeit USD To Exploit Against The American People aka; Keynesianism] *
Another interpretation of debt comes from FRED, the St. Louis Federal Reserve. The FRED tracks total debt securities, which also have increased exponentially.
- Politicians spend more dollars (deeper into debt) buying votes and transferring wealth to their friends and owners.
- Bankers increase their wealth and power.
- Governments spend more dollars for wars and entitlements. They increase wealth and their influence over other countries.
- Corporations borrow inexpensively to augment their wealth, power and bonuses.
President Jackson Killed The Rothschild Bank And The United States Flourished. President Jackson Also Survived An Assassination Attempt By The London Banking Mafia.
- I Killed The Bank ~ President Andrew Jackson
Woodrow Wilson Allowed Them Back In:
Franklin Roosevelt Contained The Banks Via Glass Steagall Act => Prevented Banks From Making Risky Bets With The People’s Money: