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| Podcast: | The Candid Conservative |
| Rank: | #1022 |
| Category: | News & Politics > Conservative (Right) |
| City: | Raleigh |
Come 2013, the Federal Reserve will celebrate it’s one hundredth anniversary. No doubt the event will be studded with accolades for the good works of this secret society. We can tell you one of their achievements – the dollar has lost 95% of its purchasing power in that hundred years. That’s called currency debasement and though it’s brushed off by most economists, you and I should be concerned. It now costs the U.S. Mint 2.4 cents to make a cooper penny made of zinc. It costs 11.2 cents to make a nickel. Most everything we use – gas, food, housing, clothing, and school tuition – is costing more because our dollar buys less. U.S. monetary policy, strong on borrowing and spending and weak on saving and producing, is destroying the dollar. Societies who do that have a short future. Protections? Do what depression era folks once advised – buy what God makes – sell what man makes. And don’t trust anyone selling 100 years of failure…
I’m Dr. Carl Mumpower and you just spent a minute with a candid conservative…
| Title: | Our Shrinking Dollar (4-30-12) |
| Author: | Dr. Carl Mumpower |
| Description: | Come 2013, the Federal Reserve will celebrate it’s one hundredth anniversary. No doubt the event will be studded with accolades for the good works of this secret society. We can tell you one of their achievements – the dollar has lost 95% of its purchasing power in that hundred years. That’s called currency debasement and though it’s brushed off by most... |