As the Federal Reserve Bank continues to print $85 Billion each month, sensible people are concerned about how it will affect their personal wealth. The entity that spends each worthless paper dollar first, be it the federal government or a private bank, gets to spend that dollar at its current face value. The act of spending it, however, dilutes the total pool of circulating dollars and, therefore, devalues the dollar for each subsequent user. The result is an inevitable inflationary pressure on everyone’s cost of living.
If the federal government reported inflation with honest numbers, we would have “official” proof of what we already know – prices of life’s necessities are rising. This hurts the poor and people on fixed incomes who cannot increase their personal revenue to pay for food, housing, and transportation.
Inflation is also a silent tax on any wealth that is held in dollars, such as in bank savings accounts and certificates of deposit (CDs). As the value of the dollar decreases, purchasing power is stolen from these “stored” paper dollars. Even invested dollars are only “safe” if the increase in portfolio value exceeds the rate of inflation.
Most disturbing is the fact that the printing presses are running at maximum capacity in virtually every nation on earth. Moreover, countries are busy loaning money to each other, knowing that repayment of these debts is impossible. It is only a matter of time before this unstable house of cards collapses causing economic chaos and a social upheaval of epic proportions. The world’s financial elite have insulated themselves from catastrophe by owning and controlling national banks such as the Federal Reserve in our country. Clearly their plan is to use the panic, turmoil, and disorder to force the adoption of a global currency and world government under their control.
For centuries, people have understood that hard assets are the only proven hedge against the ravages of inflation and the failure of fiat currency. Gold, silver, precious metals, land, and other tangible assets maintain a stable value, regardless of fluctuations and devaluation of paper money. For example, one ounce of gold in 1913 would purchase a top quality men’s suit just as it would today, 100 years later.
Dr. Dan’s guest on Freedom Forum Radio for the next four weekends beginning October 5th and 6th is Bob Levy, known locally as “The Gold Doctor”. As “Magic Bob”, he is one of the hosts of the “Morning Dish” on WJRB Radio (95.1 FM) every weekday from 8:00am to 9:00am.
Don’t miss this informative four-part interview with Dr. Dan and Magic Bob as they delve into the historical and practical aspects of owning and possessing gold, silver, and other hard assets. Don’t expect predictions, however, as Magic Bob’s crystal ball is in the shop for repairs.
Part I will air this weekend, October 5 & 6, Part II will air October 12 & 13, Part III will air October 19 & 20 and Part IV will air October 26 & 27. Freedom Forum Radio airs at 8 AM and 9:30 AM every Saturday and at 2:30 PM and 7 PM every Sunday. Listen to PODCAST.
Bob Levy has been a successful small business owner and entrepreneur in the Atlanta area for the past 40 years, where he founded companies such as “The Merry Go Round Store” chain, “Sleep Hollow Farms” and a publishing company. In addition, Bob has an extensive background working with government, business, and families as an Identity Theft Risk Management Specialist implementing Legal and Identity Theft Plans.
Bob and his wife, Vickie, relocated their precious metals and coin buying and selling business, The Gold Academy, from Atlanta to North Georgia several years ago. The Gold Academy is the only hands-on, precious metals school in the country that teaches students from all over about the gold and silver business.
FREEDOM FORUM PROGRAM SCHEDULE
♦ W J R B 95.1 FM ♦
S A T U R D A Y
8:00AM & 9:30AM
S U N D A Y
2:30PM & 7:00PM