FROM MATTRESS TO MATTRESS IN THREE GENERATIONS

We’re going from shirtsleeves to shirtsleeves in three generations thanks to our federal government’s programs of inflation and confiscatory taxation. Worse yet is that we are going from mattress to mattress in three generations. Our grandparents didn’t trust banks so they kept their money in their mattress and didn’t bother with the lost interest. They knew from experience that banks could collapse at any time. Today we receive no interest on our savings accounts and banks aren’t safe either. Perhaps we should save our money in our mattress, especially since the government is trying to do away with actual paper money. The government would like nothing better than to send out digits to some account somewhere where no physical dollars are exchanged, and to force us to do the same, eliminating dollars altogether. 

Remember that Fed Chairman Bernanke said that money is only digits. Money has no real value. That’s why the Fed doesn’t worry about printing too much of it. To illustrate his point that money has no real value, he  took a match to a dollar in front of Congress. Thus they both missed the point. If you want to survive the coming debacle you’ll need some form of money. Since US dollars have been recognized for hundreds of years, people will accept them as a medium of exchange. My suggestion to you is that you start saving them. When they are outlawed in favor of  make-believe digits, I suggest you put them under your mattress. May your bed be lumpy and your sleep sound.