i'm sure you've read somewhere in the past about 'peak oil' and 'peak gold', referencing the likelihood that we've taken all the more easily accessible resources out of the ground and it's gotten harder and harder to find new deposits that are easy to get at. Now, we're going deeper than ever into bedrock (and oceans) to find those deposits, making it that much more expensive to extract. This isn't fiction. This is fact. Oil, gasoline and gold are destined for even higher prices simply because it will cost more to extract, process, refine and ship.

Now, there's another term that's starting to make the rounds, 'Peak Purchasing Power'!

Not so long ago, in the 1980's, you could buy a decent home for $50,000 (or less). These days, those same homes are going for half a million and up. The price of a decent car went from $10,000 to $40,000 in about the same time period. Today, we witness fast rising prices on food, rent and utilities. Students have gone deep into debt to pay for college or university. All of these things are intrinsically connected to one thing, the U.S. dollar.

It may seem that prices have gone up and everything costs more but it's time to change the way you look at what is happening. Yes, prices have gone up and up and no, it's not your imagination but the truth of the matter is something most people are unaware of. That 'something' is the purchasing power of your dollars. On a daily basis, the purchasing power of your dollar or whatever currency you use is going down by the head.

The Federal Reserve note is a debt instrument and every dollar is borrowed into existence, meaning interest is owed on every dollar. When the Fed was created in 1913 in shrouded secrecy by a bunch of very rich, unelected men, the very first dollars produced at that time already weren't worth a full dollar. As soon as a dollar was taken out of the bank, it was 'only' worth 99 cents. Why? Because interest was owed on it.

This debt instrument, upon its inception immediately began a 100 year + downward spiral in purchasing power. The dollar that was once worth 99 cents has gone down to just one penny of purchasing power and explains once and for all, all of the increases in prices for everything from homes and cars to sneakers, coffee, haircuts, hotel stays, education and anything else you can think of.

Which brings us to the point of this article, peak purchasing power. It's happening with all the currencies of the world. Governments have borrowed trillions into existence just since Covid hit but going back to the 2008-2009 financial crisis, the debt numbers are staggering and is a sure sign that things are unraveling and is getting worse.

Consumer debt is off the charts. People are borrowing from their future life savings to pay for things they need now, like a ball and chain, holding them down ever deeper into debt. How will they pay for things in retirement? We're already seeing more and more retirees returning to the work force to make ends meet. I predict this will be part of the 'new normal', if it isn't already.

When the dollar was created in 1913, it began an exponential downward spiral in purchasing power. It started very slowly at first. So slow in fact that no one noticed. Then, the 1930s depression hit and gold was revalued from $20.67 to $35 in 1934. Right then and there, The U.S. dollar lost some 75% of its value and to top it off, the government mandated that all citizens turn in their gold and made it illegal to own gold. Finally, after removing the silver from coinage in the 1960s, President Nixon in 1972 decoupled gold from the dollar completely, going 'full fiat'.  Technically, the dollar went bust in 1972 but a deal with the Saudis to trade their oil only for dollars in exchange for 'protection' guaranteed the dollar's existence for another 50 years.

Lately, we're seeing the Saudis make deals with Russia and China whom have been stocking up their central banks with huge amounts of gold and are willing to trade in their own currencies, the Yuan (Renminbi) and the Ruble in exchange for Saudi oil. What does that signal? To me, it's a sure sign that Russia and China are planning to back their currencies with gold. The U.S. dollar is dying and the big players know this.

If we haven't reached peak purchasing power yet, I can guarantee you that we are very close and a new financial crisis will hit the central banks. It could come as soon as this Fall. Hopefully, it will result in their complete and utter demise. Theirs is a system that enriches the rich and enslaves the working class. Things will get ugly for a while but if we do this right and take back control of our money. it could lead to a hundred or even a thousand years of prosperity for humanity.

I must point out as I've pointed out before in previous articles that there's only one thing that has not suffered the ravages of inflation caused by central banks and that's silver, the most precious of precious metals because it's not only a monetary metal but is used in industry in cell phones, computers, solar panels and so on. Silver hit $50 in 1980 and still, after 52 years, still has not managed to surpass its 1980 high. Has it been artificially surpressed? It seems obvious now, doesn't it?

Consider investing in silver, the 'poor man's gold'. Check out my previous article, My own 'X'perience with OWNx.  I explain in detail how it works. There are ways to 'beat the system'.

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Check out some of my other posts...

Dehydrating - A great way to store food for winter.

Update on my backyard ''Victory Garden'.

Getting ready for the coming food shortage.

The food shortage that doesn't have to happen!

Silver has risen 366% since year 2000.

Have we already reached peak gold?

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