I had not been to the grocery store in about two weeks. When I went yesterday, I was shocked to see such a rise in prices in such a short time. Never in my lifetime have I seen grocery prices jump so rapidly. At the soup shelf, several others of my generation were just standing and staring at the cans of soup.
One lady starring at the chicken noodle soup said, “I hate to pay these prices, but my husband loves chicken noodle soup so guess I’ll get him a can.”
My granddaughter loves lentil soup. It seems to me it was less than two years ago when I only paid $.69 a can. Yesterday, it was $1.89. With tax, it makes it close to $2.
Most of the expert economists admit we are in a recession, accompanied by run-a-way inflation on essentials. But guess what President Bush said on live television the other day? “No we are not in a recession, but in a slowing down period.”
How are we going to slow down the necessity of buying food?
Recession and inflation go hand in hand. Inflation is the increase in the supply of money the government paper mill is turning out. And because it is paper money with nothing backing it, it takes more and more to get less and less. The government can do what we can’t—print money legally. The government creates money out of thin air.
Ever since 1934 when government substituted paper money for gold, there has been nothing of any intrinsic value backing the paper dollar. What once what was redeemable by gold, is now redeemable by worthless paper. It’s only backed by the word of the political centralized government.
The main things that have destroyed civilizations, according to history, are pestilence, war, and famine. Inflation can be added to that list of things that destroys, drowned by the watered down dollar. As individuals and as a nation, we have been living way beyond our means for a long time. And it seems we are on the verge of going through the tollgate.
The bearer of bad news is never popular, but when a small can of soup cost almost $2 and the President is telling us we are just in a little “slowing down period,” I must ask myself, “am I going to believe the President or my lying eyes?”
Money is not actually real wealth. It is just a medium of exchange, which makes the exchange of goods and services much easier than a system of bartering. Throughout the history of civilization, gold and silver has been the accepted medium of exchange. Money was metal. And up until the era of Franklin Delano Roosevelt, the paper dollar was redeemable for gold.
This gave the American people some control over their lives and business, because if the government spent wildly or taxed too much and the people were unhappy about outrageous policies and government debt, they could just go to the bank and redeem the worthless paper for gold.
As things stand today, we are at the mercy of inflation-recession, which is nothing less than a government-sponsored pickpocket pulling one over on all of us and telling us things are just “slowing down.”
No…that is not true. Some things are speeding up—like the price of a gallon of gas and a can of soup.
Another news item I heard the other day was about the current thriving business of pawnshops. According to the commentary, people are taking in their heirloom silverware and gold jewelry to redeem for paper dollars to pay for gas and groceries.
Then I heard the price of gas guzzling SUVs was down one-third, with very few takers for second hand ones. So it seems many things are changing right before our eyes at a rather expedited rate.
When recently visiting the little tourist town and quaint alpine village of Helen, Georgia, I spoke to merchants and asked them about the current tourist trade and if it has declined over the past few months. Almost every one said that on some level they are beginning to feel the crunch of the recession-inflation era we are now entering.
Let Freedom Ring!