News Link • Fiat Currency
"Why Your Grandparents Could Buy a House (But You Can't - Here's Why)"
• Empire of Money - YouTube.comIn this video, we uncover the hidden tax that's been quietly robbing you since August 15, 1971 - the day President Nixon closed the gold window, transforming the U.S. dollar from a gold-backed currency to a fiat system.
The dollar became a piece of paper backed only by trust, and that trust has been tested every day since.
We explore the real impact of this decision - why your purchasing power has eroded, how inflation secretly steals from your savings, and the wealth transfer from workers to asset holders.
This isn't just history; it's a warning.
We break down how the system is rigged, and how money printing, inflation, and debt are systematically destroying the value of your hard-earned cash.
We'll show you why your grandparents could buy a house on one income while you struggle, and what you can do to protect yourself.
The game has changed, but the rules haven't told you. Let's dive deep into the financial system's biggest secret and how you've been paying the price every day.
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2 Comments in Response to "Why Your Grandparents Could Buy a House (But You Can't - Here's Why)"
The only reason the government is responsible for $38 Trillion is that 31 USC §462 gave status of Legal Tender to Federal Reserve Notes in 1933. Previously FRNs were identified as a credit from the FR redeemable in Gold or in Lawful Money. If the legislation involved fraud, it appears that it would be void from its inception and revert to its prior status. It is submitted that a privately owned closely held for-profit corporation is not compatible with requirements for an agency. The Fed has claimed in court to not be an agency but is listed as an agency in the Federal Register.
While the video is at least basically true, there is something far deeper that does a whole bunch of damage to average people more than this gold thing. What is it? All bank loans not really loans. They are creations of new money. With the $billions ($trillions if you consider the national debt) that government has created with the banks by borrowing from them, all of this has made the DOLLAR that you hold in your pocket worth less and less - diluted by the money that government has created. While some people and companies take part in the new money, most of us only do so in small ways. The good news is that this banking Ponzi money is causing the bank owners to have so much that it is collapsing on them, as all Ponzi's do. The bad news is that things may become rough for the people for a while.