The money supply has been doubled, out of thin air, in the last year, in addition to all of the previous increases. That is similar to British pounds and German marks being created in abundance in earlier times. Originally, the pound sterling was a pound of real silver. Today a pound of silver sells for considerably more than $200. A paper pound is worth less than $2, a more than 99 percent loss of value.
In Germany, a pound of butter cost 1.4 marks in 1914, 3.0 marks in 1918, 2,400 marks in 1922 and 6 billion marks in 1923. Many Germans starved. A few saw what was coming and acted on their understanding. They grew rich, just as a few Americans did during the Great Depression.
Those who do not learn from history are bound to repeat it. Individuals should learn and prepare. Some people may become angry at me, but I’m just the messenger, trying to alert them. I didn’t cause it. Within the next two years, possibly sooner, they may face starvation. A few will learn and prosper. There will be no in-between.
There’s generally a lag of at least 18 months, or a bit longer, between monetary inflation and price inflation. The window to prepare is closing fast. Act now.
Roger M. Clites
Johnson City, Tenn.
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