Old Ben Franklin

Stronger Dollar Pushes Down Oil and Gold?

There is nothing complicated about this. The price of a barrel of oil has remainded approximately the same for decades (and it will continue to do so) when gold itself, or a gold backed currency is used to purchase the oil. But the U.S. dollar has not been a gold backed currency since August 1971, because when it was, the U.S. Congress was forced to restrain it's spending. They didn't like that. Could just spend, spend, spend. Had to frugal like the rest of us. And, more importantly, the people had control of the currency when it was backed by a commodity, like gold. On the other hand, the government has control of the currency when it's NOT backed by a commodity, as it has not been since August 1971. And, just look at how many U.S. dollars that your Congresses have printed up and dumped on the nation since then! When the currency is NOT backed by a commodity, like gold, the U.S. Congress can print up (and they do so, on a daily basis now) as much as they like and spend as much as they like. The Federal Reserve Bank (FED) does the actual printing, but Congress and the big banks are the first to get their greedy little hands on it and spend it, and BEFORE it begins to lose value as it spreads into the market and private sector. Because there is more currency in circulation each time they print up more, the value of the currency eventually sinks after they spend it first.

Learn to think about it this way: it's not that the price of things are always going up, but rather that the value of your currency (dollars) is continually going down. This printing up of more and more currency by and for the U.S. Congress to spend is called debasement or devaluation. It's a scheme they use to get more money (currency) to spend. In fact, it's the biggest swindle that has ever been foisted off on the American citizen. It started with Franklin D. Roosevelt and went into high gear during Richard M. Nixon's presidency. It's been going on ever since, and getting worse and worse. No president, Republican or Democrat, since the Nixon days has ever made any serious attempt to stop printing up more and more currency to spend. Why? Because it's an easy way to get more and more money to spend without actually having to go out and earn it, like you and I are forced to do. Elected officials like to spend like sailors, (makes them feel important) but they don't like to work hard for the money they want to spend. So they just print it up. Don't you wish you could do that? But, if you did it would be counterfeiting, and you'd go to jail. Nope, the elected officials in Congress have given themselves the best of it, ie, the right to print up all the money they could ever need to spend on just about anything they want.

There are charts, graphs and tables to unequivocally prove this.

It must stop! But, getting the majority of the people to understand this is the greatest challenge, because the U.S. Congress has gone to great lengths to confuse and mislead the people about what's really happening to their dollars and therefore, their purchasing power. Why? Because it's not their advantage. They'd have to start watching their spending very closely. And, that's something they don't want to do. Spend, spend and spend some more is Congress' motto. They love to spend -- after all it's not their money that's getting spent and ruined, it's yours. Big joke on you and me. Huh?

So, what can you do about it? Contact your Congressman or Congresswoman and demand that the U.S. dollar be put back on a commodity backed basis, like gold. Expect them to try to confuse you about it, or present some fear filled reasons why it's not possible to do that. But don't fooled, they are smooth talkin' ya, like they always do. Just press your Congressman or Congresswoman about this. Just say, you won't vote for him or her anymore, if they don't do as you have instructed. That will get their attention!

If and when your currency does get backed by a commodity, like gold, a wonder thing will happen -- you will see an immediate halt to the increase in prices (in terms of the U.S. dollar) and your dollars will begin to buy as much or more of the products or services you need at the SAME price, ALL OF THE TIME! And, most importantly, as long as the U.S. dollar is on that commodity backed basis, it will continue to have that wonderful purchasing power that the people of this country used to enjoy before the times of Nixon, and FDR. And, no more of this constant and exasperating creeping upwards of prices every time you go to the gas pump or the grocery store --- when the U.S. dollar is linked to a commodity, like gold. The people will love it, but the big spenders in Congress will hate it. Many of them will quit Congress and go home because they were there just to spend mostly.

But, that's Ok, because new men and women, of a much finer and honest character will be drawn to public service and get elected as our representatives. You and I will like that a lot too. But, again, this will only happen if we make it an iron clad law that no one in the Congress, nor anyone in government can debase the currency (our dollars) anymore.