Operation Cash Back is in full effect. The plan is to move all of your money from the big banks to smaller credit unions. The idea being to take the money away from 1% and keep it out of government control.
This being said, Although the idea is a GREAT ONE and it SHOULD be done. I Feel if you want to protect yourself even farther you should get your VALUE out of the US dollar itself.
The dollar is losing value DAILY as the government prints more and more currency and sinks itself further in debt, stealing value from any currency that people are saving.
I am going to tell you how they are doing it, and why it wont matter if your currency is in a big bank or a credit union - you will lose it either way. but you can also protect yourself, and maybe even grow some value.
first thing you have to understand is the difference between MONEY and CURRENCY
CURRENCY
-a circulating medium of exchange
this means it is used in trade to help against the inconvenience of bartering
-a unit of account
a standard monetary unit of measurement of value for goods and services
-durable
-divisible
it can be divided into smaller amounts
-portable
means it is easy to carry
-fungible
each unit is capable of substitution - my dollar is equal to your dollar
MONEY Is ALL OF THE ABOVE PLUS A STORE OF VALUE WHICH CAN BE SAVED AND RETRIEVED AT A LATER DATE
YOUR CURRENCY IS DESIGNED TO LOSE VALUE THROUGH INFLATION - MONEY IS DESIGNED TO HOLD VALUE AND PROTECT AGAINST INFLATION
GOLD AND SILVER HAVE BEEN A STORE OF VALUE SINCE THE BEGINNING OF CIVILIZATION
U.S. Constitution - Article 1 Section 10
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
This basically states that any CREDIT or any bills NOT BASED ON GOLD OR SILVER is unconstitutional.
a currency backed by nothing is called a FIAT currency. Today the entire world runs on FIAT currency - there is NO COUNTRY that is still on a gold standard.
We used to be on a gold standard. up until 1933 you could take a dollar to the bank, and exchange it for a dollar worth of gold, it was a redeemable receipt for your store of value.
the bills were still backed by gold, and coins were still minted in silver - but you could not redeem that gold
Bretton Woods System, enacted in 1946 created a system of fixed exchange rates that allowed governments to sell their gold to the United States treasury at the price of $35/ounce. "The Bretton Woods system ended on August 15, 1971, when President Richard Nixon ended trading of gold at the fixed price of $35/ounce. At that point for the first time in history, formal links between the major world currencies and real commodities were severed".
the bretton woods act is where the economy kind of went global - our country held the gold and issued us currency notes to other country - there currency would be backed by the US DOLLAR which was backed by gold - central banks in other countries would hold bank notes from the us treasury and some still do today , even though the currency is now fiat
the fiat system is flawed, there is nothing stopping the government from just printing more money, because there is nothing backing it.
and the more they print the lower the value becomes, until eventually it hits zero and it is no longer worth anything but the paper it is printed on.
the debasement and devaluing of the dollar is what causes inflation - prices are not going up, the value of your dollar is going down, what cost 1 dollar 10 years ago costs 5 today.
this is why you should not store your money in currency, buy silver or gold or even copper
there are many benefits in this
-the value goes up over time
-it cannot be worth zero
-the government can not track your financial holdings
-it keeps money out of the banking system
here is an example of inflation
2001 prices
milk - $1.38
bread - $.99
gas -$1.46
now say you had a $1000 to spend on these this is what you would get
724 gallons of milk
1010 loaves of bread
685 gallons of gas
- okay now lets say you put that money in a bank account and saved it until today
at .85% you would have $1,088.72 - a great return on a 10 year investment (sarcasm)
but look at todays prices
milk 3.39
bread 2.49
gas 3.89
now lets see what your money gets you
321 gallons of milk - *403 gallons less then in 2001
437 loaves of bread - *573 loaves less then in 2001
279 galons of gas - *496 gallons less then in 2001
this shows that even thow you gained 88 dollars in your bank account - you have lost your store of value due to inflation and the rapid debasement of the dollar
NOW ..lets go back to 2001 and buy some silver with that 1000 dollars
2001 silver traded at about 4.80 and ounce -
with 1000 dollars you could of bought roughly 208 ounces
today silver is at 35.28 per ounce - lets say you cash in that 208 ounces you would have $7,338
you could buy
2,164 gallons of milk - *1440 MORE than in 2001
2,846 loaves of bread - *1936 more than in 2001
1,886 gallons of gas - *1201 more than in 2001
- This is why i suggest that you DO pull your money from the big banks - set up checking with a small credit union - but as for savings...get your MONEY out of the US Dollar itself, not just the banks - put it in metals - store your value - grow your value - protect yourself
- do not let the federal reserve print you into the poorhouse any further than it already has
you can call me 3769.
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