By David Treece
Have you ever tried to hit a moving target? I have and I can attest that it’s a difficult feat. It’s normal to be upset when we fail to hit our target, but when it comes to defining our world’s economic mess it is nearly impossible.
Sure, we can look at various causes, but the reason for America’s economic decline can be hard to conclusively put our finger on because definitions constantly change and the factors are innumerable. However, there is one issue that has had much influence in our decline.
The famous writer of 1984, the dystopian book published in 1949 that eerily predicted many situations we are currently experiencing, said in a 1946 essay, “The whole tendency of modern prose is away from concreteness.” George Orwell understood that facts should be firm and that making facts evolutionary will create ambiguity.
It creates issues in the sense that terms like inflation cannot be defined today the same way they were fifty years ago. For example, the price of oil is not used in the government measures of inflation, because, “From September 1973 to January 1974, the price of oil went from $2.59 to $11.65 a barrel.” This troubled people and caused an unmanageable outcry from the general public. The government’s answer was to remove oil as a metric of inflation. I don’t know about you, but I drive every day. The price of gas is a big deal when I look at my bottom line at the end of the month.
It does not take long to understand that the Consumer Price Index constantly changes, therefore the value we pay for things is constantly skewed. According to the economist John Williams, fifty years ago $100 could purchase what $13.44 can purchase today. Typically when we sell our home we expect to make a profit on it, otherwise we hang on to it, right? Is it truly profit if the dollar is so rapidly losing value?
America erred in 1913 when the Federal Reserve was created. Behind all of the schemes and tricks are sly bankers who constantly change the barrier markers. Proverbs speaks about changing the metrics after the terms have already been defined. Proverbs 22:28 warns, “Remove not the ancient landmark, which thy fathers have set.” The Federal Reserve’s bureaucrats are responsible for inflation and for common goods increasingly becoming out of reach for the middle class.
When the banking interests met at Jekyll Island to create the Federal Reserve, they orchestrated a system that was rooted in diversion. One in which a single banker or bank could not be blamed for the boom and bust cycles. It was planned that banks would share collectively in the gradual economic decline. This was done namely by keeping the goings-on of the new central bank out of sight from the average American. Most people today know very little about the Federal Reserve or the role it’s played in our political policy over the last 103 years.
Before Solomon warned us in Proverbs about changing the rules or metrics he warned us that, “A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” We believe that’s why you read our newsletters and blogs, because you’re prudent and you desire to guard yourself. We are in the business of helping our clients preserve their assets and retain their standard of living if at all possible. If inflation is constantly increasing, we have to have a fplan to combat inflation. We help people like you come up with that plan and even a method for creating guaranteed income for life that you cannot outlive.