Surprising Facts from RE-MAKING MONEY:Ways to Restore America's Optimistic Golden Age <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
What cost $1 on August 15, 1971 – the day 41 years ago that Nixon removed the dollar's gold anchor and unleashed inflation – in 2012 now costs on average more than $5.65. <?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" /><?xml:namespace prefix = w ns = "urn:schemas-microsoft-com:office:word" />
Measured in inflation-adjusted dollars, the average American today earns the same income as he or she would have 30 years ago. Inflation has kept the purchasing power of American wages flat for three decades.
Despite $5 Trillion in recent "stimulus spending," America's economic growth for the past two Quarters has averaged an anemic 0.85 percent, within the margin of error of being zero or lower. This means that we may already be in a double-dip Great Recession. New economic research shows that Keynesian "stimulus" doesn't work in modern societies.
The Federal Government now borrows 42 cents of every dollar it spends. The government now borrows $58,000 every second, $3.5 million every minute, $210 Million every hour....24/7.
The good news is that Craig R. Smith, founder and Chairman of Swiss America Trading Corporation, in his new book The inflation Deception and in this White Paper – Re-Making Money: Ways to Restore America's Optimistic Golden Age – offers a variety of positive solutions to fix Mr. Nixon's terrible mistake....and to regain American prosperity.
Call 877-864-1072 or email mwpeters@swissamerica.com to receive a FREE copy of this vital new White Paper.