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At first
glance, this graph is a scathing indictment of the Federal government’s It may be a bit scary but the great bulk of our lives is staring us right in the face. I hope everyone reading this can pick out far more good and happy times than bad ones. However, no matter what personal memories the chart may invoke, there is one thing we all share and that is the most criminal destruction of our national currency by a cynical and, in my opinion, corrupt at the core Washington, DC establishment. I suppose the politicians will tell us we’re making more (worthless) dollars now than we were in 1970. But, enough more to offset the drop to $0.18? Not very likely. Working people are losing out even before they collect their paychecks. As for seniors, do you really believe the claptrap coming from Washington, DC in the last few years that, “there is no inflation so you don’t need a Social Security COLA. Politicians love to talk about how they are champions of the middle class. How they care so much about working people and how they love seniors. But look at the chart and see what they’ve actually done to us. No nation, including ours, can withstand the conscious destruction of its currency without being destroyed itself. No matter how productive, innovative and entrepreneurial we may be as a people a leadership as corrupt as the chart indicates will take us down. The ability of the American political system to self-correct is amazing. In 2010 the people took the first step in correcting a serious error in judgment made in 2008. In 2012 I hope the people will finish the job. But breaking the “Government is god” statism of the Democratic party will accomplish nothing if it is only replaced with the “Capital is god” statism of the Republican party. The American people were not born to live their lives on their knees to either sick statism and hopefully 2012 will be a year when the status quo of the last four decades begins to crack. By the way, for those of you interested in how the Wall Street half of the Pennsylvania Ave./Wall St. axis of power was doing during this massive devaluing of the dollar, here are the numbers: The dollar has dropped 82% in value. On 12/31/70 the S&P was at 92. It closed on September 30, 2011 at 1131 an increase of 1129%. Do you think that just maybe if politicians of both parties gave a damn they might have been able to create a more balanced result on behalf of the American people?
If they gave a damn? |
complete disregard for the financial
well-being of the people of this country. But step back a moment and place yourself on the graph anywhere you want and think about your own life. Marriage? Children? Working?
Retired? Grand children?