[Ed. Note: Thanks to SGTreport reader Joe for this link. Walter Burien is the man who shed light on the “second set of books” that hide the trillions in real wealth of local and state governments; Comprehensive Annual Financial Reports.]
by Walter Burien, CAFR1:
People seem to forget that the dollar’s barter exchange value has been circulated for decades and hundreds of trillions of dollars worth of products and commodities have changed hands through the use of dollars every decade. The fact that the dollar is “just” an exchange barter tool since 1963 (the date when they pulled the coinage in circulation taking the silver and gold out of the public’s hands) has not changed.
Does anyone think the massive expansion of the economy would have taken place using gold as the barter tool over the same time period?
Individual’s assets in 1955 were rather sparse and bare compared to the individual’s assets today. Inflation has taken root over the last 20 years due to the spiral of run-away growth and the effect of greed and unethical oppertunity applied from and due to the boom periods where cash flowed as king and as time went by he who could cheat the other guy first walked with the kingdom of the booty. (within government expansion the before mentioned was done quite well)
The ethical and honest were pushed to the shadows to be ignored and the greedy opportunists walked with the booty and became the power base who now called the shots.
Per gold, what we are seeing at this time is the culmination of the “50 year plan” .