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Posts Tagged ‘currency’

Federal Reserve Banking System Explained

January 2, 2011 Comments off

  Federal Reserve Banking System Explained

Zimbabwe Hyperinflation comming soon to AMERICA?

December 28, 2010 Comments off

In November 2008 inflation in Zimbabwe hit 89.7 sextillion percent – that is 89 700 000 000 000 000 000 000%.

To get a rough idea how much that is – a sextillion is a billion trillions.In addition to the staggering hyperinflation, unemployment in Zimbabwe also went up to 85% and over the third of the people left the country. Check out the pictures below to get an idea how was life in Zimbabwe during the hyperinflation.

Zimbabwe’s inflation is hardly history’s worst — in Weimar, Germany in 1923, prices quadrupled each month, compared with doubling about once every three or four months in Zimbabwe. That said, experts agree that Zimbabwe’s inflation is currently the world’s highest, and has been for some time.  Could this happen to America in the near future?

Fact: Hyperinflation has occurred in 30 nations within the last 100 years.

What can you buy with 100 billion dollars? Well… it’s not enough for 4 eggs but you can get 3…

What is the true value of your dollar?

December 25, 2010 1 comment

Ever since 1913 when the Federal Reserve was created the dollar has been loosing its purchasing power. Currently you can only purchase at 3 percent today of the 100% that you could buy in 1913 resulting in a 97% loss.  For instance milk was just an average of 32 cents a gallon in 1913.  Today, the average price for a gallon of milk is $4 or more.  Almost everyone tends to think that everything is getting more expensive when in reality the purchasing power of the dollar is going down which is the cause from inflation (which have averaged about 3.3% a year).  It is only a matter of time when these Reserve Notes are declared worthless, hopefully, I pray you were wise enough to invest in physical precious metals.  Remember the age old cliche “Where there’s smoke, there’s fire”.

USD Purchasing Power since 1913

Coinflation.com shows what the actual value of the metal contained in our coins today. At the time of this writing, the market value of each coin is as follows:

  • Pennies are worth $0.0053329 (1/2 cent)
  • Nickels are worth $0.0525026 (just over 5 cents)
  • Dimes are worth $0.0183166 (1.8 cents)
  • Quarters are worth $0.0457932 (4.5 cents)
  • Half Dollars are worth $0.0915876 (9.1 cents)