When your money works against you
What is the definition of money? It is an item or verifiable record that is generally accepted as payment for goods and services. It’s the medium in which prices and values are expressed. We need to understand that people do not own money, they don’t control the value of the money, nor do they control the amount of money in the economy. The government or central bank does, depending on the country. So it’s not your money at all.
The current world currency is the U.S. dollar, based on the Bretton Woods Agreement that was signed by representatives of 44 countries in 1944. The goal was to create an efficient foreign exchange system that would prevent speculative devaluation of currencies. One of the conditions was that the U.S. dollar be pegged to the value of physical gold, which was established at $35 per ounce.
Photo source: www.bilionbypost.co.uk
President Nixon removed the gold standard from the U.S. dollar in 1971, because France and the UK wanted to cash their dollar assets for gold. The dollar devalued against gold 8.5%. After another run on the dollar in 1973, the Bretton Woods Agreement collapsed, but the U.S. dollar remained the world currency.
https://www.investopedia.com/articles/forex/122215/bretton-woods-system-how-it-changed-world.asp
The Bretton Woods Agreement also created two institutions, the International Monetary Fund {IMF} and the World Bank {WB}. Both began to play significant roles right after WWII, and the power and influence of those institutions rapidly arose after Nixon removed the gold standard.
History has shown us multiple periods of deflation, {declines in prices for goods and services} and inflation {devaluation of the money} created by governments and major financial institutions and always against the public.
The system of taxation works against the public as well. Last year, Tax Freedom Day in Canada was June 15. What does it mean? From January 1 to June 15, the average Canadian works for taxes only, and after that date for themselves. On average, Canadian families paid 45.2% of their annual income in taxes. That does not include various fees, insurance, capital gains, etc.
https://www.fraserinstitute.org/categories/tax-freedom-day
People are especially concerned over the last few years at the billions of taxpayers’ dollars spent by our governments for “vaccines”, masks, Covid tests, sanitizers, SOGI agenda promotion and many other ongoing ridiculous projects in Canada and abroad. All of this on top of billions spent to support the ongoing war in Ukraine, “pandemic” mandates and restrictions against Canadians, all by taxpayers money.
There is only one logical reason they do it; to expose and bring down the old system so they can “offer” a new one. This is happening right now. All of this insanity has been created for this purpose, so the majority will accept the change. Justin Trudeau and his band, so called government, are perfect actors to do so. The thousands of deaths, economic collapse, environmental degradation, and reputation of our country are collateral damage of this agenda which is being paid for with “your” money!
DB, CB
