”It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford is most credited for these words, and here at The Maine Anchor, our research tells us this revolution is not an if, but a when. In fact, more and more people are becoming blatantly aware of this devaluation of their dollars whenever they shop for groceries, or fill up the tank. In a 1978 lecture at University of San Diego, Milton Freidman described inflation “as a dangerous, and sometimes fatal disease that if allowed to rage un-checked will destroy a society.” Professor Freidman went on to describe the classic extremes of this disease as in post WW1 Germany when citizens were paid 3 times a day so they might buy goods before prices increased again. Additionally, Professor Friedman lectured that inflation had nothing to do with capitalism vs. communism, and then cited current examples of both high and low inflation rates throughout the world. More directly, Milton Freidman asserted that “inflation is a printing press problem.” Plainly said, inflation is an increase in the supply of currency by monetary authorities. In the U.S., those authorities  are the Federal Reserve and government bureaucrats that borrow, spend, and tax us to death.  Mike Maloney, educator, and founder of Goldsilver.com often likes to quote Winston Churchill who said, “The further you look back into history, the further you can see into the future.” According to Mike, this monetary machine churning out currency every day, “hurts the saver, and rewards the debtor.” Mike’s passion and drive to educate the masses has also led him to create the “Hidden Secrets of Money” series, that is still available on the internet today. This author suggests you watch it while you can. In his series, Mike and his team also break down the fundamental characteristics of money vs. currency. We feel that this distinction is an essential foundation to understanding the banking institutions now wreaking havoc on our economy. In fact, Mike is so sensitive to mislabeling currency as money that he often bleeps out those mistakes on his podcasts as if you had dropped the f-bomb in Sunday school. According to Mike, perhaps the most striking difference is that true money, or “God’s Money”, as financial guru Robert Kiyosaki likes to call it, is a store of value, unlike the greenbacks we now tote around in our wallets and in our purses. Perhaps that is why our founders declared that only gold or silver regulated by Congress should serve as the nation’s money, which by the way, has also been recognized as money for 5,000 years. In fact, Andrew Jackson was keenly aware of the dangers of central banking, and ran under a slogan  “Jackson, and no Bank.” Sadly, our nation succumbed to the bankers in 1913 when Woodrow Wilson signed the Federal Reserve Act. Later in his memoirs, he wrote, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. The growth of the nation, therefore, and all our activities are in the hands of a few men.” Perhaps, if only Woodrow Wilson had the benefit and simplicity of Dr. Suess, he would have averted this catastrophe of independent central banking. By the way, you can get a copy of “One Cent, Two Cent, Old Cent, New Cent” by Dr. Suess, at a Reny’s department store near you, and learn all about this thing we call money. So, what will be the next money revolution? To be quite honest, and despite our best efforts in researching this topic, we can’t exactly say. One thing that seems clear enough, however, is that invisible money called crypto is not quite money at all. We also can report that the average lifespan of a fiat currency is about 40 years or so. Lastly, free people, and free markets have always chosen God’s money in the past. Perhaps the three G’s sum up the coming money revolution best. God, Gold, and Guns. The Maine Anchor can recommend a distributor for all three. 

-Anna Nimos