Did you know that according to Statista.com, the average cost of a roll of toilet paper is almost $8?
I can’t be the only one thinking about the high cost of everything. None of us need to be math majors to realize how shockingly expensive everything from education, gasoline, food, and toilet paper has become.
As it turns out, toilet paper is the perfect analogy for what’s happening to the dollar. This article explains how hyperinflation continues to happen. And by golly, let’s pray we don’t go back to hoarding toilet paper, people.
Even though it’s probably true that no matter what, most of us will pony up whatever it takes to find T.P. for our bungholes, let’s take a look at how the U.S. dollar has become worth less than toilet paper.
- On April 5, 1933, under the leadership of President Theodore Roosevelt, the United States government ordered all gold coins and gold certificates in denominations of more than $100 turned in for paper. Americans coughed up all gold coins, bullion, and certificates and turned them over to the Federal Reserve before May 1. (Source: History.com)
- The government told us not to worry. The story was the dollar would always stay pegged to the price of gold. It never did.
- Instead, the government netted $300 million in gold coins and $470 million in gold certificates in less than thirty days.
- In 1934, the Feds jacked the price of gold to $35 per ounce. The Federal Reserve’s balance sheet grew by a whopping 69 percent.
- The near-immediate increase in assets allowed the Federal Reserve to inflate the money supply by putting paper into circulation and taking gold out.
- The United States led the way to the entire world dropping the Gold Standard as a monetary system. Up until June 5, 1933, all world currencies needed to be backed by physical stores of gold.
- Following the devastation of World War II, the 43 Allied nations’ leaders gathered at the Mountain Washington Hotel in Bretton Woods, New Hampshire, not far from where I grew up. It is appropriate to note that the delegates and their guests experienced a horrific heatwave. Without air conditioning, as we know it, it was hot as hell at that hotel.
- As a result of this conference, the International Monetary Fund (IMF) came into existence. World leaders agreed to a new monetary policy that maintained its external exchange rates within 1 percent. They did this by tying their currency to gold and giving the IMF power to bridge temporary shortfalls.
- Because of all the global mayhem over the years, every dollar bill we owned became worth only 1/35! Ouch.
- The story gets worse. On 15 August 1971, the United States terminated the convertibility of the U.S. dollar to gold. The Bretton Woods system was toast by 1973.
- The U.S. dollar became a fiat currency. That means the dollar is kind of like toilet paper, only worse.
- Shortly after that, my father’s business and millions of others collapsed under the burden of hyper-inflation. Brickyard Mountain Inn was no more. That truly sucked, but I vowed to become a business owner when I grew up.
- History repeats itself because we keep repeating past mistakes even if we keep pouring more money into public education is stupid; we fail to read, learn, and get along.
- Even today, the more the government prints paper dollars, the less they are worth. The government continues to flood the money supply with paper that is worthless and less.
- Americans were not allowed to buy and own gold again until 1974. Remember what happened to booze sales during Prohibition and weed sales during the freaking War on Drugs; morons.
- In the here and now, one ounce of gold is worth over $1,838 as of this writing, according to Goldprice.org.
- Everyone who got “free money” from the government is getting screwed with the rest of us.
- We’re like frogs sitting baked out on a planet that’s heating up faster than we can move to Arizona.
In closing, what can we do? My suggestion is to read and learn from all the great sages, mystics, saints, monks, and artists; adopt a mindset of universal acceptance. Observe and detach from the seeming insanity we see and hear in the daily news.
Search inside of and work on your highest and most creative self. Take a stand by waking up, seeing the dollar’s value go down, but keeping your spirits high.
Focus your energy on people and things that give you energy more than they suck it out of you. Give positive energy instead of being the energy sucker in the room.
See yourself improving your Vertical Alignment (connection) with the highest power you know and those you love and cherish the most around you.
Know that by working on yourself, you can rise above the rest of the world in mind and spirit. You can become a beacon of shining goodness, creativity, and light to others.
Forget the cost of toilet paper. Turn off the radio, news, and Boob Tube. (They call it programming for a reason.)
Program your mind and body for inner peace, serenity, acceptance, health, and happiness. Do that by losing any attachment to the value of one dollar and every other thing over which you have no control.
Replace lame habits with healthier ones, and stop beating the crap out of yourself over the little stuff.
Let hyperinflation happen and do your best to accept and adapt.
Remember these three universal laws:
- As within, so without.
- As above, so below.
- Carry on by chopping your woodpile today and loving it.
“Enjoy the beauty of today,” as my beautiful father used to say.