viddalo 🦁⚡️

In 1913, Congress handed a cartel of private banks the legal monopoly to manufacture money. The Fed creates dollars through a ledger entry, buys Treasury bonds with those dollars, and the Treasury spends the proceeds into the economy. New money, conjured from nothing, chasing the same goods you were already buying. Prices rise. You get poorer. Nobody voted for this. Nixon finished the job on August 15, 1971, severing the last link between the dollar and gold. At that moment, the U.S. government unilaterally defaulted on its Bretton Woods obligations, simply announcing to the world that the rules had changed. Nixon called it a "temporary" measure. Fifty-five years later, temporary is still in effect. When the Fed expands the money supply, the new money flows first to banks, financial institutions, and government contractors. Those early recipients spend it before prices adjust. By the time the money reaches you, wages and savings have already lost ground. This is the Cantillon effect, named after Richard Cantillon, who described it in 1730. Wealth transfers silently from savers to asset-holders. From you to them. Sound money advocates have documented this exhaustively. The data is not ambiguous. The dollar has lost over 97% of its purchasing power since 1913. Savings punish you. Debt rewards you. The entire incentive structure tilts toward spending today, borrowing recklessly, and holding real assets. This system is designed to fund unlimited government spending through monetary expansion rather than honest taxation.