Thursday, January 08, 2009

Putting Your Dollars to Use Before They Become Worthless.

Monetarism, an ideology that espouses, "money is all that matters", ironically, is what's primarily responsible for devaluing the very thing - money - that matters most. It's not even real!

I guess, when we allow profits to trump principles, anything goes...well, as long as whatever is going, benefits the bottom line. We worship the almighty dollar, not for what it can do, but for it's very "essence", which we're finding out is illusory, at best.

If hyperinflation, the ultimate destroyer of value, should rear its ugly head, it will all but render the object of our reverent adoration worthless. We'll know when we go to buy a loaf of bread at the local grocery store and the cashier says, "That will be $200 million, please" as does the cashier in Zimbabwe (current rate of inflation 231 million % ).

Money already seems worthless to me. I spend more, not less. If I need something...I buy it. What's the point of saving when there is a good chance the value will vaporize when I need it most? I mean the dollar has already lost 95% of its value since the creation of the Federal Reserve in 1913. It's just a matter of time when you consider the hyperinflation rates in Weimar Germany (9244%), Hungary (4300%), Argentina (20,266%), Israel (486%), etc...

If money is the measure of a man's worth, we should be genuflect in the presence of drug dealers, pimps, organized crime and especially the almighty imperialist financiers! Giants among men, who are robbing us blind, while forcing the consolidation of our banking system so that it remains, "too big to fail" forever and ever.

Meanwhile, all of us "gainfully" employed within the legal constructs society created so that we may put food on the table, a roof over our head and clothes on our back will battle each other for the ever shrinking heap of scraps the oligarchs decide to discard.


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