Ron Paul: Monetary Debasement Leads to Moral Bankruptcy

You can tell a lot, probably all you need to know, about the quality of a country by the quality of its money. From Ron Paul at theburningplatform.com:

Increasingly, the people I speak to understand the role our own Federal Reserve plays in destroying the value of the dollar.

One of the things that’s less well-understood, though, is the link between monetary debasement and
moral bankruptcy. Now, this is an old, old story (we could go back to ancient Rome for an example). But it’s more relevant today than ever before.

Here’s a recent example that caught my eye…

Retail workers are fed up and quitting

via Bloomberg

Now, at first, this looks like a story about underpaid workers unhappy with their low-skill jobs.

But that’s just a symptom.

The “retail apocalypse”

If you know one of the 8 million Americans who work in a store, you may have heard of the “retail apocalypse.” During the pandemic panic, an additional 20,000 businesses closed in the first year alone.

After the lockdowns finally ended, we saw a 40-year record surge in inflation. This devastated the nation’s small businesses, more than you might imagine. Almost two-thirds anticipated closing up shop permanently, due to inflation:

How inflation is impacting U.S. small businesses

All the stores (regardless of size) that survived the pandemic lockdowns laid off employees, cut salaries and raised prices. This was a universal response.

The combination of layoffs, lower wages and higher prices make it harder for shoppers to get the help they need. And for employees to help them.

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One response to “Ron Paul: Monetary Debasement Leads to Moral Bankruptcy

  1. Remember when he wanted to audit the private banking cartel Fed and the Grand Old Politburo (R) Washington Generals gave him the Bernie/Tulsi treatment long before it was uncool?
    Peppery Farms remembers.
    The Fed likes to rub it in everyone’s faces how they cannot be audited.
    O/T-Just read that Uke land needs 20k troops a day and the KIA and casualties by day are usually 666.
    You can bet that number is not an accident.
    (h/t-S the Thinker)

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