Dollar Shmollar

“What we think is money is but a grand illusion. The reality is debt. In fact, if everyone paid back all that was borrowed, there would be no money left in existence.” -C. Edward Griffin, author of The Creature From Jekyll Island

Yep. What he said.

If that doesn’t make sense to you then you are in the right place, my friend. What he is basically saying is that the actual value of a dollar is almost nothing. This is because we went off the gold standard a while back and continue to print dollar bills like there is no tomorrow. The problem with this is that the dollar used to represent a certain amount of gold. It was backed by gold, which gave it value because of the limited resource that gold is. The second we went off the gold standard, there was no longer anything backing the dollar, meaning that this resource was limitless. In other words, we (the U.S.) could print as much money as we wanted. BUT by doing this, we inflated the dollar. With every extra dollar that was brought into this world, the value of the dollar dropped.

Today the dollar is worth less than two dimes in buying power. The only reason people see a dollar as the value of a dollar is because of old beliefs. The second they realize that their fortune of cash is actually worth 80-90% less than they realized is when the true value of the dollar, which is very small now, will catch up with us.

So how do you win? Stop just saving cash and go put your money in assets. More specifically, assarites!