American's 401(k) Retirement TROUBLE
Why aren't we talking about the root?
(Listen to audio version of me reading👆)
An alarming number of Americans are tapping into their 401(k) for emergencies and random expenditures.
Exactly what you can plan on when you have an inflationary fiat monetary system.
I actually wrote an article in the summer about how you could potentially fix the 401(k) and Social Security. These are the two main drivers (along with pensions) of people's wealth, and namely their retirement hopes.
However, as we have diagnosed here in the past, that when you save in dollars or denominate your life in dollars, things inevitably become more and more expensive.
That liability, which everyone thinks is an asset, is devalued.
Meaning, it takes you more and more of those dollars to buy that same carton of eggs or that same makeup kit.
This is the doing of central banks and governments.
NEWS FLASH - this is the goal of central banks which is bail-ins and bailouts.
There is an unbelievable book called, The Creature From Jekyll Island by G. Edward Griffin that explains in detail, this phenomena and the insidious financialization that has taken place over the last century in our country and all over the world.
It is no surprise that the century of central banking coincided with the century of total world war.
War is profitable for the rich man or in this case, the 100th of 1%, the central bankers at the top.
This is why there's news coming out of Ukraine and Russia that they wanted a peace deal initially, but the United States stopped it.
War is profitable and it boosts country morale and improves approval ratings.
Everyone in politics knows this.
War is a great excuse to print massive amounts of currency and funnel to friends, pet projects, yourself, etc..
We just had Lebanon devalue their currency by 90%, stealing all of their citizens wealth.
This has happened in America multiple times as well. Which may or may not be a surprise to you.
1913 - Start of Federal Reserve
1933 - FDR revalued the dollar compared to gold from $20 to $35/oz.
1944 - Bretton Woods agreement tying the world to the dollar backed partially by gold.
1964 - US took the silver out of the coins.
1971 - Nixon took the gold out of our currency, rendering it just a piece of paper.
2022 - US froze the assets of Russia - $600 Billion.
We have talked about it here in great detail the lengths that governments will go to control and coerce their citizens.
This is what made America different through the Constitution and the Bill of Rights, a nation of rules and not rulers.
However, we have through our apathy and indifference, let the money be corrupted.
Where we now have two tiers of justice and rulers without rules.
We also wrote an article about the Communist Manifesto and the 10 planks which in it central banking and a progressive income tax, are included.
We have both of those plus many more.
And yet we still wonder why our freedoms are continually stripped away from us, with seemingly no voice and no way out.
This is why I have constantly and consistently advocated for the past decade to return to a sound money standard.
‘Let us raise a standard to which the wise and just can repair,” as our founding fathers once noted.
A standard in which the money you hold actually increases in purchasing power and accrues value over time raising the standard of living.
In our current fiat legacy monetary system we lose purchasing power over time and decrease the standard of living.
The endgame for central banks is total collective control where there are those at the top and then the 99% who must be controlled by the few.
This is where they're driving us, make no mistake.
All of history shows us this and we are continuing to walk the path our ancestors.
We have no excuse since we have all the information to guide us, unlike our families before us.
Let us heed the lessons of the past and their tribulations not be in vain.
Remember, the fight is not red versus blue. It IS the state versus you.
Separate the money from the state.
Fix the money and we begin to heal the world.
Stay strong,