By Russell D. Longcore
Here is a very simple example of what Washington DC has done to the US Dollar since 1971, when Richard Nixon closed the “gold window” and forever ended the convertibility of the US Paper Dollar to gold.
The 1971 Ford F150 pickup had a Gross Vehicle Weight of 5,600 pounds. Deduct its payload of 1,000 pounds, and you have the net weight of 4,500 pounds. The vehicle’s base model Manufacturer’s Suggested Retail Price was about $2,850.00.
The 2013 Ford F150 has the SAME Gross and net vehicle weight 42 years later. The vehicle’s base model Manufacturer’s Suggested Retail Price is about
I’m certainly willing to concede that there is some expense in all the emissions junk on the engine that didn’t exist in 1971, as well as many other Federally-mandated stuff that the manufacturers have to build in, like driver and passenger airbags. But 42 years later, the WEIGHT of the trucks are identical.
So if the WEIGHT didn’t change in 42 years, what did?
Answer: the VALUE of the US Dollar.
In 1971, it would have taken about 82 one-ounce gold coins ($35/0z.) to pay for that pickup. In 2013, it will take 13 one-ounce gold coins ($1,700.00/0z.) to pay for today’s pickup. BUT THE WEIGHT IS THE SAME per coin.
Remember that if you were a wage earner in 1971 making $10 an hour, you were making pretty good money. Minimum wage then was less than $2.00/hour. But in 2013, you would need to be making $58 an hour just to have the same buying power that you had in 1971.
The reason Washington has been able to commit this fraud and theft over the last century is because CONGRESS passed laws establishing the Federal Reserve as the central bank for the USA. And, CONGRESS passed banking laws that allowed commercial banks to create money out of thin air by allowing banks to maintain less than 100% deposit reserves. These days the fractional reserve amounts are as little as 5% for some banks.
And finally, CONGRESS passed Legal Tender Laws, forcing Americans to use the Federal Reserve notes, and then CONGRESS authorized the Federal Reserve to print paper money that has no backing except for the “full faith and credit of the United States.” Perhaps that meant something in the past. Today, the US is the biggest debtor nation in the history of mankind. DC has NO faith and credit.
You have now seen that the CONGRESS will not stop spending and borrowing, even when there is a so-called “Fiscal Cliff” deadline. The Federal Reserve has announced that it will continue to buy US Treasury Bonds each month going forward. That means that Washington is going further and further into debt that will NEVER be repaid.
Fixing Washington Failed. To keep thinking that it only takes new people in CONGRESS and the problems can be fixed is a fantasy. The ONLY logical solution to stop the insanity and criminality in Washington DC is SECESSION.
Secession means that the seceding state is no longer attached to Washington DC or the other states in any way. The seceding state is now a new nation with all the rights and privileges of any other sovereign nation. The seceding state does not have any liability or responsibility for debt incurred by CONGRESS, since the seceding state is no longer a part of the United States of America. The seceding state is no longer subject to the laws and regulations of the USA. The seceding state is no longer subject to the judicial branch of the USA. And the seceding state stops sending ANY Money of ANY kind to Washington.
So stop worrying about who is going to pay the US national debt! If you are not a citizen of the USA, who cares? If you are a citizen of the seceded state, now a new sovereign nation, YOU ARE FREE!!!
Dump DC: Six Letters That WILL Change History.
Copyright 2013: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.