Federal Reserve Counterfeiting; Goverment Over-Spending is Crushing the U.S. Economy Leaving Citizens Broke and Desperate

One item that was left out of Wednesday's screed about the near-complete falsity of American politics and media was the mighty U.S. dollar, that, since 1944, has been regarded as the world's reserve currency.

Sadly, even the U.S. substitute for money is as fake as the proverbial three-dollar bill. Whereas a single greenback might have bought an entire breakfast back in the 1960s and early 1970s, today's dollar will barely cover the retail cost of two raw eggs. The Federal Reserve Notes that circulate across the country and around the world have been issued is such magnificent volume that the value of the "buck" or "Fedbuck" has fallen precipitously, especially since President Richard M. Nixon ended the convertibility of dollars into gold back in August of 1971.

Consider, for a moment, that a single slim dime, made of 90% silver, could have purchased an entire candy bar, possibly two, prior to 1965, but today will only cover the cost of one fifth or less of a Fifth Avenue or Mars or Baby Ruth bar. Of course, today's dime is 91.67% copper, 8.33% nickel, according to coinflation.com. It has no - as in zero - silver content.

An ounce of silver prior to it being demonetized and all U.S. silver coins taken out of circulation as of 1965, was about $1.35, or five silver quarters and a silver dime. The idea that an ounce of silver on spot markets is over $35 today illustrates the absolute decimation of the U.S. currency.

It's that way because the cost of printing up a $100 bill is about three cents, and it gets even worse as the Federal Reserve doesn't even both printing new bills these days, they just type in digits on one of their computers and send the fake dough out to one of their primary dealers (mostly big banks, like JP Morgan, Bank of America, etc.). The money supply has increased astronomically over time. In 1960, the U.S. money supply was about $400 billion. Today it's $21,942 billion, or, nearly $22 TRILLION.

Now certainly, the population of the United States has increased substantially over that 60-year period, but the roughly doubling of the population comes nowhere close to the 5,485% increase in the supply of fake, counterfeit Federal Reserve Notes or their equivalents.

The United States' exceptional privilege of having the most-valued, highly-respected reserve currency is coming to a hasty conclusion and American citizens are paying an enormous price for the hubris of government and the profligate spending of congress, enabled by the Federal Reserve, which issues debt to the government in the form of treasury bills, notes, and bonds, which the same government is likely never going to be able to repay.

While its easy to blame the Federal Reserve for the massive inflation and loss of purchasing power of the currency, it's the government that should shoulder most of the blame. They are the ones that have run up debt of over $37 trillion, effectively increasing the money supply to unforgivable levels. People elected by U.S. citizens themselves have betrayed the trust of the populace for far too many years and there appears to be no inclination that they intend to stop.

The current "big, beautiful bill" before the Senate virtually guarantees a deficit of more than $1.5 trillion in fiscal 2026. Voting for Donald J. Trump las November was supposed to at least slow the roll of the spendthrifts in congress, but, apparently, not even the Orange Don can be trusted to do the right thing.

At this point in time, most Americans cannot afford to buy a home. The median existing home price rose 1.3% from a year earlier to $422,800 in May, the National Association of Realtors (NAR) reported Monday. That puts the monthly mortgage payment in excess of $2,000, a number that a two-earner family making $100,000 pre-tax total, would be stretching to make, and that's before PMI, taxes, and insurance. It's just beyond ridiculous.

Rents are even more extreme. Food prices aren't coming down any time soon, so the numbers on welfare continue to grow. Americans have been sold out and are facing very tough choices in the coming months and years.

An hour before the opening bell, the BEA announced its third estimate of first quarter GDP, figuring a contraction of 0.5% for the three months ended March 31. The previous estimate was 0.2%, though most of the decline is being blamed on imports, as businesses rushed to purchase inventory from foreigners prior to President Trump's proposed tariffs. That's a flat-out lie. The U.S. economy is toast and the government will do anything and everything in its power - including sending the stock market to all-time highs - to keep that information hidden from the American people, and, maybe more importantly, from foreign investors.

Stock futures are up, but off their morning highs. Go figure.

At the Close, Wednesday, June 25, 2025:
Dow: 42,982.43, -106.59 (-0.25%)
NASDAQ: 19,973.55, +61.02 (+0.31%)
S&P 500: 6,092.16, -0.02 (-0.00%)
NYSE Composite: 20,087.45, -129.89 (-0.64%)