Sunday, January 13, 2008

Ron Paul Challenging Fed Reserve Chairman

Ron Paul, besides being a Constitutional scholar, is a brilliant economic thinker. He explains here why our dollar that started out in 1913 worth a dollar is only worth four cents now. Interestingly, this meant that during that year of the unconstitutional creation of the Federal Reserve it only took no more than two thousands bucks per year to have a pretty decent family life. If you made more than that you became subjected to a 2 % victory tax to temporarily help pay for WWI. Nothing is more permanent than a temporary tax however. You will please note that this original $2000 standard deduction did not rise until the Reagan years. However the cost to have a decent life rose drastically during the 2oth Century because of the inflated fiat money supply being constantly increased by the secretive Federal Reserve.

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