66 votes

Audit the Fed First Shot in Ron Paul's Revolution

by Tom Mullen | Washington Times

TAMPA, August 3, 2012 – “When I was your age, I went to the movies for a dime and bought a big bag of popcorn and a soda for a nickel.”

My father said that to me a hundred times when I used to pay $2.75 to go to the movies and another $1.25 for the popcorn and soda. For five generations, Americans have understood steadily rising prices as an immutable law of nature. Yet history shows that this just isn’t true.

The Federal Reserve of Minnesota publishes historical inflation figures on its website going back to 1800. The attached chart from that website shows annual inflation rates from 1800 through 2008. I added the last column to calculate the price movements of a basket of goods that cost $100 in 1800.

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I call inflation the

I call inflation the "generation" tax

Great article!

Well written and very enjoyable. I'll definitely be passing this one around!

I remember between 1966-1970

I remember between 1966-1970 gas cost .19/gal and watch 3-5 movies with soda,popcorn and hot dog for $1.50.

Just think what it would be if not for

"In the ninety-nine years since the creation of the Federal Reserve System, that same basket of goods has risen to $1,265.14."

Just think what that figure would be if we were not able to exploit cheap labor in other countries.

Here is my comment at the Washington Times.

This is an important article. Price deflation at a lower rate also occurred in Great Britain during the nineteenth century.

This illustrates how all the productivity gains of the 20th. century and counting have been transferred into the hands of those who created the system of transfer. They have shared a little of those gains with the general population but primarily through the mechanism of debt and so have enslaved those whose gains they have stolen.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Superb! Thanks for Sharing

An excellent and very well written piece! With the exception of the last sentence that says, "Ron Paul is retiring from politics..." While this may turn out to be the case, it's too presumptuous. To be more accurate, it should read "retiring from Congress"

I read it as retiring from Congress.

That is most interesting since it does read as you have said "retiring from politics". My mind simply changed "politics" to "Congress".

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Everytime I see something like this...

I FEEL SO STUPID!

There is no question that when I was in college in the late 80's I just thought inflation was normal...never crossed my mind to check and see WHY prices always went up each year. My Dad was very smart but he never told me anything about it. In fact, I was the one who got him to read END THE FED and he was stunned!

He said...so basically the international bankers and the politically well connnected just type whatever amount of money they want into their back accounts and add it to the national debt which we again will owe to the international bankers.

Yep, kinda sucks when you know that we are STILL being robbed but when you try to explain this to most people they just say...no way...it can't be like you think...

ARRRGGGHHH!

END THE FED and HANG UM HIGH!

reedr3v's picture

Hardly. You -- and now your dad --

are among the minority who gets it. People are not stupid, they are terribly naive and trusting, even when fraud stares them in the face. I just watched a video of a Liberal scientist lamenting that many Americans don't believe in Evolution.

He said Evolution should be "taught." In fact, answers should not be taught but rather critical thinking skills should be emphasized and evidence presented. If students learn to think and evaluate facts, they will reach rational conclusions.

The schools do all they can to discourage thinking. They teach the "correct" answers that serve the Establishment. The children who do well in school are the voting sheep of tomorrow. Those who rebel and are punished with suspension or bad records are often permanently discouraged from even trying.

I'm a Public School Teacher

I don't know if you were referring to public schools or universities in your comment, and my subject is high school math, not economics, history, or social studies...

But I can tell you that there is no "can teach" or "can't teach" list of topics for us high school teachers. If you look at the textbooks, which we are using much less nowadays, you would see the "official topics," and it would likely leave out the topics you and I find important; and sadly it would leave out THE MOST IMPORTANT, RELEVANT, AND TRUTHFUL topics.

But as a teacher, we can tell the students what we want.

So I think it is not so much a case of a "conspiracy" on the part of educators and the education system. I think it is a lack of knowledge, interest, and an overall sense of apathy, complacence, self righteousness, and arrogance on the part of THE COMMON CITIZEN; which includes teachers.

I find Americans to be shallow in general. They are not generally interested in THINGS THAT MATTER. I try to discuss profound and amazing bits of history that are surprising and true, and that impact each of us each day. But most people say "that is boring."

They are interested in their simple drama, their reality shows, their facebook or twitter account, their cell phone, telling wild stories about fights, drunkenness, crazy things that people say; or what they consider to be tragedy or atrocity under their liberal entitlement mentality.

So I am probably a minority in the public, and a minority amongst teachers.

reedr3v's picture

I appreciate your insightful reply. I am influenced

by 3 experiences of public school:
1. My own student days filled with mostly rote teaching and "correct" test answers that did not foster creative or critical thinking.
2. My brief experience as a student teacher; I was given a choice to either lead my class in the Pledge of Allegiance to the flag or leave the program. I left.
3. Extensive reading of John Taylor Gatto's works including his astounding The Ultimate History Lesson on YouTube. If you've not seen this I highly recommend it. Part 1 is a bit slow but all 5 Parts are well worth the time: http://www.youtube.com/watch?v=YQiW_l848t8
4. I homeschooled my kids and found the children I met in a quite large, extended support group very well adjusted and happy and interested and engaged in diverse studies. When my son attended one semester of high school the experience was so bad we never repeated the mistake.
Thank you for being one of the dedicated teachers trying to open doors for the youngsters forced to attend.

Show this...

To the world. Especially the delegates.

bump

Thanks Tom.

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