Could our nation be destroyed through debt and inflation? The answer, sad to relate, is yes. America could be brought to its knees economically and the New World Order advocates running our government would very happily “rescue” the nation by substituting international control for hard-won independence.

We would be very surprised if there’s anyone in the United States who is unaware of the massive bailouts already accomplished — and still being proposed. How great this transfer of wealth truly has become has been revealed only piecemeal. The nation was told about the $700 billion bailout approved by Congress in early October. Within days, that figure became $850 billion. Now, additional enormous amounts are being mentioned. They are both astounding and frightening.

On November 24th, economic columnist Gene Koprowski claimed that “the Federal Reserve has promised to lend banks a total of more than $7.7 trillion.” Bloomberg News reported the figure at $7.4 trillion. Four days later, Reuters weighed in with a prediction that “the potential bill for U.S. financial rescue efforts is now about $8.317 trillion.” And in his weekly Texas Straight Talk for December 3, Ron Paul offered, “The updated total bailout commitments add up to over $8 trillion.”

With his customary sound thinking and customary straightforwardness, Congressman Paul noted, “This money does not come from some rainy day fund tucked away in the budget somewhere — it is created from thin air, and devalues every dollar in circulation.” In other words, it is fiat currency, an essentially worthless substance that has value attached to it by government edict. If not restrained, the fiat money creators will destroy all of its value. We recently received the following queries, “Are you ready for a $12 loaf of bread? How did you like a $100 fill-up at the gas station?” [This has already happened.]

History shows over and over again: If you give someone the power to inflate, he will. Though possibly by accident, even the New York Times revealed what is going on when, on November 28, the first sentence in its page-one lead article noted, “The Federal Reserve and the Treasury announced … that they would print as much money as needed to revive the nation’s crippled banking system.” (Emphasis added.) This is precisely what Ron Paul, our Society, and sound economists have been abhoring.

Reports coming from inflation-plagued Zimbabwe recount what has happened in that once-thriving nation, not too long ago a pre-inflation food exporter. A recent letter sent by a distraught Zimbabwean to an American friend stated in part ::

We are locked in a death grip and things are falling apart at a rapid pace….This morning I went shopping and this is what I saw. In one locally owned supermarket which has branches all over the country, they are selling goods in Zimbabwe dollars. On the shelves they had: light bulbs, cayenne pepper, a few vegetables which were distinctly past their best, and a few packets of meat which didn’t look too safe. More than half of the supermarket is completely empty and closed off with strings of white plastic tape..

Other portions of this letter described similar scenes in other markets. What these people are experiencing could happen here. Our purpose is not to spread disillusionment, however. The unfathomable horror occurring in Zimbabwe will not likely occur here. Before things ever get that bad, our leaders plan to introduce measures to “save” us by introducing a new currency, possibly the Euro or another currency issued by the United Nations. Economic freedom will have died and political freedom will soon follow as it always does. Who would be responsible for this? The unregulated Federal Reserve that issues the currency, and the nearly irrelevant Congress that allows such power to remain in the Fed’s grip.

When referring to Congress, does the word “irrelevant” truly fit? It does when one realizes that the huge amount of new currency noted above has been created while members of both houses of Congress have merely watched after they unconstitutionally approved the original $700-850 billion measure. That amount is now puny by comparison, completely overshadowed by more recent action of the Federal Reserve.

What then do we recommend? There has to be a deluge of protests to every member of Congress. With rare exceptions, they have allowed this huge travesty to be perpetrated on the American people. Some in Congress will tell you that action had to be taken because certain banks, insurance companies, industry giants, etc., “are too big to be allowed to fail.” Don’t fall for this. Saving those institutions will only be temporary while the smaller firms on “Main Street” and taxpayers across the nation will bear the immediate brunt of this unconscionable action. If nothing is done to stop these suicidal creations of fiat currency, and when even the huge beneficiaries of the freshly printed dollars begin again to fail, a frustrated and angry populace will demand that our leaders “do something,” even if it means inviting dictatorial power and the loss of national sovereignty.

One feature of the truly free enterprise system is that some ventures will fail. There will be many successes when freedom reigns. But there will always be failures. In freedom, those who fail will likely start over and, having learned from mistakes, will probably succeed. Failure is always present in a free society, even big failures.

Congress created the Federal Reserve in 1913. Therefore, Congress can abolish what it started. Doing so would begin the path back to real money — commodity money such as gold and silver— that helped to propel our nation to greatness and prevented the crime of inflation. There is no other way.

Get involved today with our JBS.org Freedom Campaign. We have created a game plan with the tools you need to influence opinion molders and Congressmen that will place America back on a sound, financial and economic footing. This plan is called Restore Our Freedom and Prosperity by Restoring Sound Money. This plan includes pressuring legislators to sponsor and/or support legislation to allow competing currencies, re-establish gold or silver backed commodity money, and ending the Federal Reserve. To the average American, this would mean a stronger dollar with more purchasing power and larger return from investments. Go to JBS.org to see the tools available, including our Dollars & $ense DVD, which is posted at YouTube: http://www.youtube.com/watch?v=H2Siol4JWKg.

Action Summary

• Join the JBS.org Freedom Campaign

• Register as a free online member at JBS.org to get e-mail alerts to help plan your letters, e-mails and visits to members of Congress.

• Obtain campaign tools, including copies of Dollars & $ense and start informing your local opinion molders.