Did you know Detroit is printing its own money? Karen in our office sent me an article today that made me think about our economy. Apparently some small business owners in Detroit, a city which has been devastated more than most by the current economy, have taken things into their own hands. They are printing their own currency. Read the story HERE.
I guess it would work in my neighborhood also. If I print some cash from my study to pay my neighbor to mow my lawn, he might accept it if the market down the street would accept the homemade dough to pay for his groceries. The grocer could then use this money to shop a neighborhood yard sale. Our neighborhood economy would be instantly improved, all with a good computer and some high quality ink.
Please don’t misunderstand, I’m not making light of a serious situation. I know firsthand people who are looking for work and struggling to meet their obligations. My poor attempt at humor is to illustrate a point. The basic key to a capitalistic economy is perception. The dollar is worth what people perceive it to be worth. When working people begin to feel better about their current situation they will spend money again. The economy will improve when people’s perception of the economy improves.
Yeah, I agree that since we are using a fiat currency that is in no way attached to a gold or silver standard, that perception is everything. Unfortunately, our money is being perceived more and more for what it is- inflated. I believe that the current currency will very quickly be replaced with either a Continental currency or a global currency that will of course lead mark of the beast. The mark of the beast will be universal as ‘no one shall buy nor sell without the mark’.
I mean that sounds a little like a slippery slope, but it’s Biblical.
Anyhow, those people in Detroit are in for a rude awakening. The Federal Reserve Act gives the Fed unique power to coin and regulate the value of money, so they are gonna be laughing all the way to the bank until the IRS kicks their doors down, seizes there assets, and drains what they might have in their bank accounts. Thank you the the PATRIOT ACT.
Anyhow, honestly to me it’s not worth saving. I wouldn’t mind if Mexico invaded the USA. Hell, at least then abortion would be illegal!
Cheers,
Derek