Ancient Dollars and Gold Bullion

This article was written by Gary Christenson for Miles Franklin.

Consumer price inflation is real. It sneaks into every facet of life. Bags of coffee shrink from 16 ounces to 12 ounces and then to 10 ounces. “Shrinkflation is policy. That Snickers candy bar is smaller but costs the same or more.

But don’t blame the candy industry, coffee distributors or automobile manufacturers. Fiat currencies create the problems.


Why do we need to fix our currency? Because commercial banks (via fractional reserve banking) and the Federal Reserve print dollars by the trillions, devalue all existing dollars, and increase prices on almost everything. Do you remember McDonald’s prices in 1961?

The problem is the currency unit. It shrinks in value!


How well would the military perform if the government changed the units of measurement every year? Example: The diameter of the rocket fuel tank is 47 inches. The next year the diameter measures 49 inches, but the rocket didn’t change! Chaos, craziness, and a dysfunctional military would result.

Reducing the value of currency units is like changing the measuring units for length. The chaos becomes unmanageable.

Most unbacked paper currencies have failed. Others, such as the pound and dollar, are worth a tiny fraction of their initial value. However we delude ourselves and believe flawed currencies will survive and prosper.

When insanity and delusions persist, there are reasons. One might think the powers-that-be prefer a flawed system that enriches them at the expense of the savers, pension plans, taxpayers and future workers…

Whatever the reason, the process continues. Devalue the dollar, increase prices, pretend and extend, and work the scam.

Rather than curse the darkness, light a candle within your financial world! Buy silver and gold.

The following is a quick history lesson on prices, devaluing dollars, and preserving purchasing power with gold.

In 1913 gold sold for $20.67, potatoes cost 1.6 cents per pound, a pack of cigarettes cost ten cents, and an average house sold for about $3,000.

Prices are higher today! I used $0.60 per pound for potatoes, $6.00 for cigarettes, and $392,000 for an average house (source: St. Louis Federal Reserve.) Consider the following.

Other Examples of “Excessive Printing” – Argentina and Venezuela:

During the past 70 years Argentina devalued their peso by lopping off 13 zeros. That is ten trillion-to-one devaluation against the dollar which also devalued. One year ago Argentina sold 100 year bonds to yield hungry “investors” who should have studied history. Read this. Interest rates have risen to about 40% per year and the peso is devaluing.

Inflation is out-of-control and hurting everyone in Venezuela. Those who placed their savings in gold bullion are better protected. A recent article tells about a cardiologist who received severance pay after working five years. It purchased a cup of coffee!


  • Prices rise as currencies devalue, sometimes rapidly.
  • Huge devaluations have occurred in many other countries but not recently in the U.S.
  • Printing the global reserve currency creates advantages. One advantage is that the U.S. can import real goods and pay for them with “printed” debt—Treasury notes. Exchanging real goods for “IOUs” can work for a long time, but not forever.
  • Imagine the impact upon the U.S. economy if it could not exchange paper debt for real goods. Other countries strive to eliminate these exchanges. Treasury Notes are accepted for imports, but for how many more years?
  • Prices in the U.S. will rise when there is less demand for the dollar in global trade. (Think crude oil!)
  • Politics and military posturing may delay the loss of reserve currency status, but not indefinitely.


  1. Financial changes are inevitable. Most of those changes devalue dollars. (Name one politician who wants a return to stable prices, a strong dollar, and a balanced budget…)
  2. Silver and gold preserve purchasing power. See the above graphics regarding trucks and houses priced in gold ounces.
  3. Buy silver and gold to protect your assets, retirement and purchasing power.
  4. Call Miles Franklin or WhyNotGold to exchange digital debt based currency units for real money – silver and gold.

Gary Christenson

4 thoughts on “Ancient Dollars and Gold Bullion

  1. I have always said there’s no inflation, it all deflation of the dollar that make thing higher. in 1978 I was making $4.50 an hour on a 40 hr work week. I was able to rent a house, had 2 cars, 3 horses boarded out and had money in the bank. What the hell happen? I know! Massive deflation of the dollar.

  2. The FIAT Money System is a mere PowerMatrix. A Domination Sceme with a criminal “touch”! QE would not be possible to such an extent, if the “Players” would not back-up this “Ponzi” System. What we have is the “Silvio Gesell” Effect, the wrong way around. QE, endless new liquidity/coverage for the bad + lost loans and simulation for the economy, just, for the “BigBoys”.
    The System didn´t implode, because the debth (Money) is NOT the problem. The counterpart is not needed or the “Players” act, as if it would be not essential, as they can draw as much QE, they might need, to keep the game rolling! (No money short!) Any owner of 1x million Dollar or more is winning the Matrix, against “the clock”. All the others are loosing, but they are under control of “The Global Dictatory” reinforced 1913, by the “wonderful” effective Central Banks System (FED and later BIC) The perfect Dictatury, as long as the mass population does not really understand what is going on, and, about,
    70 %, of the wealthy (above 1x Million), either! The unexplainable, is not at all a miracle. As the brainwash is Global on this, everybody is “collaborating” against. one´s, own odd´s. The most advanced “Mind Control” Success, ever invented, if not be substituted by the “New Virtual Dictatory Orwell 3.0”, coming up! No analyst has the humility to accept, that the Matrix is not about Money, but only about the Power to print money! All theoretical, economical thoughts of above article are correct, but it does not “understand” the political effect of Power. Why!? Because, all analyst would be out of their living, as, all markets are, no free markets, at all, but “framed” illusion. Hard to accept, that we, ALL, are in an Illusion Theatre, maintained, largely, by ourselves!
    The counter proof of that theory is the fact, that ALL the “BigBoys” still believe the “New Virtual Dictatory” is for their benefit also! As they collaborated sooo “nicely”, shuffling worthless Money Illusion into their pockets.
    They do not want to understand, that when the Cash is abolished and the “Virtual Dictatory” implemented, also they the”BigBoys” themselves, are not any longer needed/in charge, as co-operators. they will be “shaved”, as well!
    The Real Domination, only, consists on 0,001% of mankind. No place for all these New Billionaire jerks and on-line junkee´s at all! Why!? Their “work” is not needed any more, as they are substituted by “virtual” intelligence.

  3. I wish that someone would take the time to compare hours of labor to prices over time instead of dollars. You would see a much clearer example of real inflation.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.