“You load 16 tons and whaddya get? Another day older and deeper in debt! Saint Peter don’t you call me, ’cause I can’t go. I owe my soul to the company store!” So goes the Tennessee Ernie Ford song of the 1950’s . . . . Or there’s the song about John Henry. Like it or not, slavery is a part of our history and we can learn from it . . . . we need to learn from it!
Before we owe our soul to the company store, there’s a clear sign, leaving no doubt that the dollar is in trouble – cities have begun printing their own money!
Desperate moves to keep money circulating locally – calling it ‘coupons’ worth 100% . . . . or calling it script, . . . . it doesn’t make it any different than other failed scams.
To me, it reminds me of my step-father’s relatives – his uncle Matt, gave me a poster of his family’s plantation . . . . when I visited Magnolia. The plantation, the 2nd largest in the U.S. at the time, sat on the Cane River in central Louisiana; along with that, I was given coin script which I still have today – interesting, but nothing more than a keepsake now.
Magnolia’s script, just like the other plantation’s ‘money’, could be spent, nowhere but “THE COMPANY STORE”! The prices helped keep the plantation’s slaves poor!
One of the nicer slave quarters . . . still standing today; the whole plantation is an historical site.
There are other indications the dollar is in trouble – besides the call from the recent G 20 conference.
Identity theft is up 22% over last year. That too, is another reason to move to a global currency?
The dollar has had to take intricate and costly steps to end / prevent counterfeiting, but I suggest that it’s about to take these cities by storm, causing overnight bankruptcies of more businesses and banks. All this, preceeds and feeds the coming inflation.
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