Don't Tread on Me

..."I sincerely believe... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23

This great nation was founded on a very low tax structure and as a result courted some of the best and brightest in the world to our shores. The National Bureau of Economic Research has concluded that the combined federal, state, and local government average marginal tax rate for most workers to be about 40% of income. In other words you work from January 1st until May 26th for the government. The rest of the year you get to keep your money.

I also haven't been able to figure out how borrowing and printing money we don't have is a long term solution to a very real current problem.

It also seems to me that whoever controls the money supply in any organization or actually controlls that organization, no matter what everyone else in the organization thinks or does. "The Golden Rule" can also be stated, He who has the gold, makes the rules. These realities are concerning to me and I've begun to believe there is a fourth branch of our government that has no checks or balances. I'd call this the financial branch but I'm really giving the "branch" too much credit because as you've perhaps already heard the "Federal Reserve" is no more federal than Federal Express. Meaning the federal reserve is a private corporation. To show my point I'd like to ask you a question you've maybe never been asked. Who's picture is on the $10,000 bill? You'd think it must be a very famous president wouldn't you. Getting the honor of being on such a large bill.

The face on the $10,000 bill belongs to Salmon P. Chase. Chase served as Secretary of the Treasury in President Lincoln's cabinet from 1861 to 1864, during the first three years of the Civil War. That period of crisis witnessed two great changes in American financial policy, the establishment of a national banking system and the issue of a legal tender paper currency. (Info in this paragraph taken from Wikipedia)

Have you ever heard the name Chase before as it relates to finance?

I've never been one for conspiracy theories but the longer I look at our national banking system and see what is happening, I've become concerned. There are many extreeme opinions about this subject and I have to honestly say my opinions are still being formed but what I've seen so far has me thinking.

Other points that are economically concerning include the percentage of our debt that is owned by other countries, listening to cries from China and Russia to make another currency the international currency of choice, and watching the devaluation of the U.S. dollar.

What to do? A person would be wise to move some of their assets into commodities. Things that will be needed or valuable should the dollar continue to lose it's value relative to other world currencies. This dollar devaluation is a way we will pay back some of our debt and it will be hidden from most Americans. Your purchasing power will continue to erode while currencies of other industralized nations will strengthen relative to the dollar.



The U.S. Dollar falls vs. the Euro over the last 5 years.