How Rainbows Work

Past few days I’ve been studying optics, and light polarization.  I ended up stumbling across this lecture from MIT professor Walter Lewin.   It’s a really good lecture on how rainbows work.

Years ago, I remember one summer afternoon messing around with the hose, spraying it in the air and it generated a rainbow.  I found it fascinating, and would try to recreate it, day after day, but never had any luck.   Thanks to Dr. Lewin, I now see how it all works.

Even if you don’t understand Snell’s law, or refraction, you can still easily follow what he’s talking about just by the pictures he draws on the chalkboard.

Here is the video lecture, thanks to MIT university.

Personal Update

I don’t know how long it’s been since I’ve written one of these, so I’ll just tell what I’ve been doing the past few months.

Most all my time has been consumed in physics and mathematics studies.  I’ve spent a LOT of time with the Feynman lectures set, which is a 3 volume set.  I’ve finished the first volume, and am maybe 3/4 through the 2nd volume.  The first volume is mainly focused on mechanics, light radiation, and thermodynamics.  The second volume is all electrodynamics and other studies in matter.  The third volume, when I finally get to it, will be quantum physics, which I’m REALLY looking forward to.

The volumes are pretty thick, and the material is REALLY technical.  I’ve been spending maybe 6~8 hours per day on them, every day.  They’re about as thick as college textbooks.

Some chapters I have to go back and read several times – especially the ones on relativity.  I’ve read Einstein’s book on relativity several times over, and also read the chapters on it in both my physics textbooks, and my Feynman lectures set, and still am working on fully understanding it.  Yesterday I spent 10 hours doing nothing by relativity related experiments, trying to figure it out.  Doing various thought experiments on paper, and doing the calculations.

I think I’ve read Einstein’s book on relativity four times now, and each time I read it, I notice something profound which I didn’t catch the previous reading.

Let’s go through one example he gives.  This is so simple, yet profound.  So subtle yet its complications and ramifications so immense.  Listen carefully.

First Einstein goes into the basis of geometry, and how it’s based on your frame of reference.  Here’s the example he uses in his book.  He’s riding in a railway carriage, moving down the tracks at a velocity V (Say, 45 mph).

He sits in a chair riding in the railway car, while another man stands on the ground watching the railway car drive by.  Einstein grabs a small rock out of his pocket, and drops it out the window.  He assumes there’s no air, which means there’s no air resistance.

Now if there wasn’t air resistance, and Einstein decided to peek out the window and watch the rock fall, it would drop straight down toward the Earth, in a straight line.

But how do things look for the man watching from the ground?  He would watch Einstein drop the rock, and the rock would not fall in a straight line, but would actually follow a parabolic arc.  A curve.

I decided to give you all some of my beautiful illustrations, whipped up in MS Paint, in like 5 minutes, haha.  When I first saw illustrations like this in my physics books, I found them confusing.  The thing is, you have to use a little imagination.  The drawings aren’t completely accurate.  They’re fine for low speeds, but if you were to approach the speed of light there would be warpings and distortions that could only be illustrated in first person.  For the first drawing, imagine you’re looking out of Einstein’s eyes, out the window.  The picture is drawn like you’re looking at the car from the outside, but I only did this because drawing a first person perspective would be more difficult.

The second picture is closer to how it would look from the onlooker on the ground’s eyes.  My curved trajectory is pretttyyyy crappy, and isn’t accurate, but bear with me.  You’ll still be able to get the idea. Once again, imagine seeing this happen from the onlooker’s eyes, as Einstein drives by.

Einstein Frame

=====================================================

Onlooker Frame

Then Einstein points out that saying the rock has an absolute geometric trajectory is wrong thinking.  It all depends on your reference frame, and how you’re moving relative to it.  An object moving in a straight line to one person, is a curved trajectory to another person.

That’s profound, if you actually get what he’s saying.  Take Newtonian physics.  One of its main concepts, coming originally from Galileo, is the law of inertia which says, “A body removed sufficiently far from other bodies continues in a state of rest or uniform motion in a straight line.”   For example, say you’re out in outer space, throw a baseball, and there’s no planets or stars to pull on it by gravity. Newton tells us that the baseball is going to keep traveling in a straight line indefinitely through space, until some force acts on it, to change how it moves.

Einstein’s like, “…Ehhhh.  Kinda.  Depends on how you look at it.  It’s a straight path if I look at it one way, but if I’m moving relative to it, it may well be a curved path.  Then again, if I move along with it, the baseball is at rest, and doesn’t move at all.  To say it moves ‘absolutely’ in a straight line through ‘space’ requires me to assume some supreme reference frame to base my coordinate system, and I see no reason to do that.”

As the book goes on, using this same simple experiment of him riding around in this train car, he shows how all kinds of things in Newtonian physics are wrong.  In his next thought experiment he has lightning bolts strike two ends on the railway at the “same” time.  Then he asks us, “How would you know?”  Then he shows that saying two things happen at the same time, without first specifying the reference frame, is wrong thinking.  No two events happen absolutely at the same time.  Events happen in different orders, depending on your reference frame, and how you’re moving.

He then fully thinks out the consequences to this new style of thinking, and combines it with the conclusions of Maxwell’s equations which state that the speed of light is always the same, regardless of the reference frame, and next thing you know, you have questions like the “twin paradox”.  Two twins are brothers, and born at the same time.  As a young man, one of them shoots off into space at near the speed of light.  He then does a loop around space and comes back.  Once he returns, his twin brother is 95 years old, and only two minutes have gone by for him.   As strange as it sounds, it’s how things work.  And Einstein explains why all this is the case.

The concept of “absolute distance”, as well as “absolute time” is wrong thinking.  Distances “shrink” in the direction of motion, and time also “slows down”.  First time I read this stuff, I was like… “WWWhhhhaattttt in the WOOORRLLDD…”  But after spending months and months with it, hours and hours each day, I’m actually getting it.

Now to say distances “shrink” in the direction of “motion”, and “time” “slows” down as well, sounds very confusing.  But motion is all relative.  For a distance to “shrink” we’re comparing one reference frame to another.  Time slowing down is also comparing one reference frame to another.

I love physics, I think more than anything.  It’s as deep as you want to go.  It’s unlike any subject I’ve ever studied.  Like an infinite well of complications and problems that you can spend your entire life solving, and never run out of stuff to do.

It’s just so awesome.  I’ve learned a TONNNN of stuff.  If you dropped me off back in 1785, with nothing but my math, physics, and engineering books, I could rebuild all kinds of the technology of today.  I could go to a river, and construct my own hydroelectric power generator.  I could build light bulbs, air conditioners, heaters, engines of all sorts, phones, water pumps, radio towers, electrical circuits, giant electro-magnets, hydraulic lifts, stereos, audio recording devices, and more.  I just know how it all works now.  I could LITERALLY build electric cars!  I design me some electric driven carriage and cruise around. I could build telescopes and microscopes.  Just amazing stuff.

Later, when I study more, I could build aircraft, rockets, and laser cannons!  With a bit more studying I could build an electric calculator, and with a lot of study, I could build a basic computer, though it’d be huge and bulky.  I have no idea how to do nano-technology and microchips.  I’m sure I could learn though.  What’s amazing is this stuff isn’t THAT complicated.  Once you get skilled in math, you can do anything.  You see these same basic laws governing everything.

I can just walk around outside and understand TONS of stuff.  I know why the atmosphere is blue as opposed to any other color.  I can tell you indepth about light polarization, and why the sky is red as the sun sets, and blue all the rest of the day, yet black at night.  I can tell you all about rainbows, and even produce them with prisms.  I can tell you why the different light waves refract like they do, and go into a huge discourse on dispersion of light waves.

How can anything be more fascinating?  There isn’t.

I can tell you how stars and planets form, black holes, pulsars, white dwarves, nebulas, galaxies… Why certain elements are more prevelant than others.  Why there’s tons of helium, hydrogen, and carbon, yet barely any of the rarer elements, like yttrium. (It’s all “star stuff”, compressed and made in stars, based on compressing of hydrogen and helium.)  I can tell you why stars emit all this heat and light. I can show you how to determine the exact chemical makeup of a planet’s atmosphere from BILLIONS of miles away.

I can’t believe sometimes that all this stuff is in books.  Just go on Amazon.com and literally learn how to build anything.  They’ll ship you whatever you want.  And nowadays, half of this stuff can be downloaded from torrents and found in science ebooks!

Other than that, I’ve been studying a lot of economics, and some history.  I read a bunch of books by Murray Rothbard, a famous economist.  Now I’m reading books by Nobel prize winning economist Fredrich Hayek.  Right now I’m reading ‘The Road To Serfdom’, which is a book on the ups and downs of socialism (mostly downs), and why central planning always fails as opposed to free markets.  He talks about the development of the Nazis, as well as Mussolini and Stalin, and how they got into power, and why.  Then I see Obama socializing the country and think, “Here we go. Same old crap.”  I read the New York Times today and see the same old arguments that people were saying back in 1930s and 1940s.  Didn’t work then.  It’s not going to work now.  But Obama… He’s “brilliant”.  How so?  It’s sad to see history repeat itself.

I’ll probably write up a huge entry on the “road to socialism”, and what we’ll see unfold throughout the process.  Once again, it’s not complicated, but I don’t want to bulk up this entry any more.

A Letter To My Congresswoman

It’s exciting to hear that HR 1207, a bill which will allow Congress to audit the activities of the Federal Reserve bank, is only 11 co-sponsors away from reaching a majority in the House!   My friend Greg sent me an email, and I was freaking out.  I was so happy.

I’ve heard several commentators say that if HR 1207 is passed, there’s a good chance it will lead to a complete shutdown of the Federal Reserve!   They’ll see that the Fed’s books are so “whacked out”, that they may well shut them down.  If that happens the banker cartel goes down!   No more printing up money and banks lending thin air.  No more insane inflation.   No more stealing of savings accounts, and inflation rising faster than wages!

I can’t think of anything that would make me more happy than to see an end to that.

If you guys don’t know how the Fed operates, you should read ‘Case Against The Fed’, written by the economist Murray Rothbard in 1994.  He tells how the Federal Reserve operates, and how it was created by big banking and business elites so they can basically legally counterfeit money.  Here’s a link to the PDF, which the Mises institute has made available for free.

http://mises.org/books/fed.pdf

As of right now, the Federal Reserve bank is a private bank, which controls all aspects of our currency and major monetary policies, and does ANYTHING it wants.   They’ve been in control of all these trillions of dollars in bailout money, and Congress is pleading, begging just for basic information on what they’re doing with the money.   But they’re getting the run around.  In other words, Congress doesn’t even know where the trillions have been going.  Bankers are running wild with trillions of taxpayer dollars.

So back in February Rep. Ron Paul proposed HR 1207,  The Federal Reserve Transparency Act, which makes various aspects of the Federal Reserve’s books open to Congress.    It will make aspects of the Fed subject congressional oversight, such as discount window operations, funding facilities, open market operations (where they buy treasury bills, etc), and agreements with foreign central banks and governments.

I looked on the list of congressmen who have not yet decided to support the bill, and found that the representative from my district is not on the list.  I sent her this letter:  (If you haven’t contacted your congressman yet, you should!  Do it!)

Representative Emerson,

Right now government spending is out of control.  Over $12 trillion has been pledged towards our financial crisis, and myself, and many others are concerned about where all this money is going.

To top all this off, the Federal Reserve refuses to furnish Congress and the American people with records of how they are spending the trillions of taxpayer dollars they’ve been given to manage.

I don’t believe this sort of information, especially considering the gravity of our economic situation, should remain concealed.  No one knows where our money is going, and I don’t believe we can move our economy forward being in the dark.

I recently watched a video on Youtube, where the inspector general of the Fed was interviewed by Rep. Alan Grayson, and it left me sick to my stomach.  I’ve included the link for you to watch.

After watching videos like these, and reading the news, I just find it hard to believe this is happening.  I’ve heard there is a bill which is gaining serious momentum where the Federal Reserve’s books will be audited, and we will see where all this money is going.  On the recovery.gov website, there is all this talk about “Transparency”.  President Obama campaigned that he was going to give us a “Google for government spending”, where we can view things line by line.  But then huge budgets are being passed that nobody even has time to read!  And the Federal Reserve won’t tell any of us where this money is going!

But I was greatly encouraged to hear about HR 1207.  The Federal Reserve books can be open, so all of us can know what they’re doing!  It sounds like so little to ask.  Please support HR 1207 so that we can know where all our taxpayer money is going, and unveil the activities of the Federal Reserve bank.

China Laughs At Geithner And I Do Too

I just came across a news article, telling how Geithner is over in China, trying to convince them our treasury debt is sound, and the U.S. Dollar is going to be fine.

http://www.reuters.com/article/companyNewsAndPR/idUSPEK14475620090601

He gave this lecture to a group of Chinese economics students, who after hearing Geithner talk about how they should lend us more money, burst into laughter.   Quoting from the article:

“Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.

The top 3 U.S. debt holders right now are China, Japan, and the Caribbean.  China has like $786 billion, Japan like $686 billion and the Caribbean  $214 billion.

If you want to see who we owe money to, here’s the link:

http://www.treas.gov/tic/mfh.txt

So why are they laughing?  Because their investments are NOT safe.

These big international lenders are no longer wanting to give us money.  That’s why Geithner is over there, hoping he can sucker them into lending us more money.   The Federal Reserve is trying its best to get people to buy our debt to finance the Obama administration’s crazy spending sprees, and nobody wants it.

Just the other day I showed Obama’s “budget” numbers.  I say “budget” because I certainly wouldn’t call it a budget.  Budgets are designed so you’re not wasteful and live within your proper means.  Obama’s planning on spending a 2 trillion dollar deficit this year.  Next year it’ll be like 1.5 trillion.  And the spending continues like this throughout his entire years as president.  By the end of his administration he boasts that he’ll cut his deficit spending in half!  Wait a go, that’s only twice as bad as George W. Bush’s worst spending, and we didn’t have the money then either.

But wait, we can’t BORROW this money from any foreign country, because we’re in SO MUCH DEBT NOBODY WANTS TO LEND US MORE.   Obama, Geithner, and all of you in Washinton, where or where shall you get this money, since China, Japan, and others will no longer give you any more money to squander?

But wait, Obama thinks he’s clever.  He’ll just print money.  That’s what he’ll do.  Just print 2 trillion dollars, and call it an “economic recovery” plan.  Next year, print 1.5 trillion.  And the next year, another 1.4 trillion.  Come and get it, straight off the printing presses.  Print up paper money, and throw it around everywhere.  Just keep printing it up Obama.

Check out a “new era of responsibility” on his website recovery.gov, where he shows us just how much money he’s printing up, and where it’s being thrown around to.

Common sense says you can’t do this without consequences.  You can’t have all these economic troubles and just say, “Well hey, money is fake anyways, isn’t it?  Let’s just print up a bunch of money, and pay for all our spending that way…”

The problem is that debases the currency.  It makes it worthless.   The purchasing power of the U.S. dollar is going to become weaker and weaker.   It’s going to cause all hell on the economy, and our currency is going to stop functioning.  Remember in the history books where you hear about people rolling up wheelbarrels of currency to the market and it’s not enough to buy a loaf of bread?  That’s called hyperinflation, and Obama’s actions of printing up money irresponsibly leads to those types of situations. Also, trade relations with all these countries is going to stop entirely, because they’re not going to put up with that.

So you may be thinking, “So what, Obama’s printing up a few trillion.  BIG DEAL.”  Well, it is a BIG DEAL.  How much money is 2 trillion dollars, printed up, relative to ALL MONEY in circulation throughout our entire country?

Well the Federal Reserve keeps track of the total money in circulation, and there’s three numbers which represent the total amount of money.  They’re the indicators M1, M2, and M3.  But the Fed doesn’t keep track of M3 anymore, because well, they don’t like us knowing this stuff.  But M2 represents basically all currency, travel’s checks, demand deposits, checking deposits, savings accounts, mutual funds, and all of that.   Basically, all major forms of money, even kind of indirect forms of money.  So how big of number is that?  Look for yourself:

http://www.federalreserve.gov/releases/H6/Current/

As of 2009, there’s about 8 trillion dollars total.  And Obama’s cranking out 2 trillion this year.  1.5 trillion next year.  1.4 the year after that.   Massive currency devaluation?  You bet!  Just in a couple of years we’ll be up to 14 trillion in circulation.  Almost doubling the currency in circulation, and essentially halving the value of all savings accounts and creditor’s treasury notes.  So much for investments and retirement accounts!

Everyday I pull up the news, Obama’s promising more and more.  Free healthcare for all!  Free college for all!  Free this, free that!  Come to the eternal fount of Obama’s printed up money.

You want to know real responsibility Obama?  When you borrow money from someone, and promise to pay it back, pay it back!  How about that?   But nooooo.  With you, you’re going to print up a bunch of money.  So when we owe trillions to foreign nations (3.2 trillion total), once you double the amount of currency in circulation, it’ll be like we only owe 1.6 trillion instead, because you’ve halved the value of the dollar!   All of you in Washington are a bunch of losers.  Scheme your way out of paying bills, and constantly pissing everyone off because you don’t play fair.

I was talking with Greg just the other day on the phone and he was telling me about a book he read called Predictably Irrational.    I think it was written by a MIT professor.  Anyways.  The professor ran an experiment about how people viewed the ethics of money and stealing.

There are various refrigerators around the MIT campus, and what he did is place several packs of soda as well as a plate covered in $1 bills in the fridges.   What happened?  People drank the sodas, but they left the $1 bills.

People find it wrong to steal money directly, but they’ll indirectly steal money by other means, and feel little to no guilt about it.  The results of the experiment, and others like it, was that the more steps you put inbetween the object being stolen and money directly, the less guilt people feel about stealing.

Robbing a bank?  Terrible terrible!  People who do that sort of thing should go to jail!  Obama stealing the hard earned savings of Americans, and destroying the value of international creditor’s debt notes?   No worries Obama.  That’s not “real” theft.   We’ll even praise you as you do it with record approval ratings.

For those of you who may not be familiar with how the economics of trade works, and the problem we here in the U.S. are currently facing, here’s the gist of it.

When China exports all of the stuff they produce to us over here, we pay them U.S. dollars for the goods.  Then the Chinese can take those dollars and buy stuff over here if they want to.  So in a sense, it’s really just an indirect form of bartering, which is what money is.

Over in China, them carrying a wad of U.S. dollars is kind of like us having a wad of euros over here.  Unless they take it to the bank and have it converted to Yuans they can’t do anything with it.  There’s complex exchanges which allow them to do this, but overall, the main principle behind trade and currencies is very simple.   It’s basically bartering, with these currencies as an indirect intermediary.  What’s real in trade is not the money, but the physical goods shipped between the nations.

The Chinese have been stockpiling U.S. dollars by buying our government’s bonds, which is how the U.S. government borrows money.  The Chinese are currently holding this wad of U.S. debt notes, kind of like a bank holding a mortgage note.

The Chinese government has been responsible, and is operating with huge surpluses, and they’ve been investing their surplus money and buying U.S. government debt with it, so they could earn interest, like any smart investor.  That money that they lent us represents the hard work of the Chinese people in factories, producing goods and products of all kinds, and other forms of their labors.

But now Obama’s “new era of responsibility” has started.  The more money Obama prints up, the less the U.S. dollars the Chinese are holding are worth.  If Obama keeps printing up money like crazy, that $800 billion they’re holding now is going to become worth less and less.  True, the amount of “debt” as a number on paper will still be $800 billion, but that money is not worth as much as it was.  It’s purchasing power is a lot less.   And since money is “fake”, and just a number, what it really comes down to is we’re scheming our way out of properly paying back our loans.  We’re stealing from the Chinese and other lenders.

How about people like me, saving up for things we’ve always desired and trying to retire?  I’ve been trying to build up my savings to construct my science lab.  You know how many software projects I’ve written?  I’ve slaved away writing medical and financial software and helpdesk software for various companies over the past ten years.   What happens to me, and others like me?

Well, Obama’s madness printing up money makes it to where my savings is devalued too!  If he screws up the value of the dollar, now my savings can’t buy my science lab.  Science equipment will cost double or triple the cost.  All that hard work I did.  GONE.  Just obliterated by Obama printing up money.  Why?

Cost of groceries goes up.  Cost of homes goes up.  Cost of everything goes up, because there’s more money.  So people will want more money to build me science equipment.  They’ll want more money to build my building I need to house my equipment.  They’ll want more money to sell me groceries and food I’ve been saving up for, so I can have something to eat while I’m researching.  But unfortunately for me, the money in my bank account does not increase at the same percentage rate as what the dollar is devalued as Obama cranks out money.

So indirectly, Obama is stealing money from me.  He’s stealing money from every responsible American, and every responsible lender and nation who has paid off their debts, saved up money, and worked hard to build the economy by creating REAL value.   If I was the Chinese, I’d kick Geithner out of there.  I’m glad to hear they laughed him out of the room.   If I was there with them, I’d have joined in the mockery.

When the government prints up money, really all they’re doing is redistributing purchasing power.    People like me and China, our hard earned work is taken away, and given to the U.S. government programs, and whatever they’re spending money on… Which in our case, is mostly bankers.  I posted Peter Schiff’s videos the other day, and he said we’ve been “exporting our inflation to China”.   When they’ve been buying our debts, and letting our government spend like crazy, they were essentially the ones footing the bill.  Now that they’re not financing our stupidity anymore, we’ll feel the full consequences of our ignorance.

Every time I see Obama on the TV, I see some guy telling me, “Jason, I don’t give a damn about your science lab.  I don’t care about how hard you’ve been working for it over the past 10 years.  I need to bail out all these losers who took out loans they can’t repay, and keep companies afloat which have proven themselves to be ineffective.”   But what does GM and AIG have to do with me?  NOTHING.  I rarely even drive my car.  I personally HATE driving anyways.

All I hear Obama saying is, “Keep working hard Jason, but me and my goons are going to steal everything you work for, and hand it to someone who doesn’t deserve it.  And you’re not going to get your science lab, ever.”  If it was a little bit of money being printed up, it’d be different.  But trillons upon trillions EVERY YEAR.   He’s flushing the currency down the toilet.

If Bush would have been printing up money we would been feeling these effects happening five or six years ago.  But now we’re going to feel it for real because we’re actually having to print up money to finance the government spending.  My savings is going to drain to nothing unless I move it to gold or something which will keep its value as the currency tanks in value.  Gold holds its value because gold can’t be cranked out on a printing press.  So the rich are buying gold so they don’t lose their hard earned money.

But just as Predictably Irrational predicted, people feel no guilt as any of this goes on, because all this stuff going on is just a sort of fluffy “political” nonsense, which they don’t think means anything.  All the normal person wants is free healthcare and free college.  Well, if we can afford it with real tax dollars, and we’re taxed relatively equally, then I’m fine with it.  Because at least my savings isn’t stolen.  But when it’s funded with printed money, we’re all doomed.

But Obama’s the worst.  He keeps upping the taxes on the wealthy and successful businesses, WHILE printing up money with record deficit spending.  It’s the ultimate equation of economic doom.  Really what’s he’s doing is this:

He’s going to take more and more of the hard earned profits from business owners, removing their incentives to create new inventions and innovantions which improve lives, and he’s going to steal the savings earned from the hard work of the past.   Talk about the ultimate ream job.

We’ve always been feeling inflation on a smaller scale.  The Federal Reserve has a rather crooked scheme called “fractional reserve banking”, which basically lets banks lend out money which is nothing but thin air.  They loan you money that doesn’t even exist.

I find it funny reading my macroeconomics textbook right here in my room.  It has a table displaying M2 back in 1998, which is when this textbook came out.  Guess what the total amount of money in circulation was back then?  4.4 trillion.  The amount of money in circulation has nearly doubled since then.   This is the kind of thing why people can’t afford homes, and why cars cost $50,000… insane relative to their wages.

These schemes of cranking out money that doesn’t exist, and lending it out through the banks has made us dependent on the banks, which is why everyone has to live on credit cards.  Why you have to go to the bank to get a student loan for college, and why there’s no way in hell you could ever save up cash for a new home.   It’s all because of this same stuff.  The Federal Reserve!  They’re the only reason Obama can finance his garbage.

Support Ron Paul in his efforts to Audit The Fed:
http://www.campaignforliberty.com/campaigns/auditthefed.php

Even if you don’t like Ron Paul, the Federal Reserve should not be a private bank, doing whatever the hell it wants.  It should AT LEAST be subject to our elected officials.

Here’s the Obama/Fed relationship.  Obama needs 2 trillion dollars.  The Federal Reserve, a private bank which is not even subject to Congress, prints up 2 trillion, and hands it to them.  That money then gets spent, circulates around through the economy, but unfortunately, for Gods knows what reason, we have to pay back the Fed all the money we “borrow”… So we have to pay INTEREST on the 2 trillion we “borrowed” from them.

In the 1950s, with their relatively primitive technology, one man working was enough to pay for all the bills.  The wife stayed home, and cooked and cleaned.  Now, even though we have BETTER technology, and it’s easier to build homes, easier to grow crops, easier to do EVERYTHING, we work twice as hard to pay the bills.  Now both the husband AND the wife work, and still can’t get by.   That’s the Federal Reserve system for you.   Research fractional reserve banking.   You’ll fall out of your seat.  It’s unbelievable.

But that’s relatively minor inflation compared to Obama’s hyper-inflation we’re going to feel.  If some of the big money managers, whose newsletters I subscribe to and read are right, the government’s plan is to destroy the U.S. dollar completely, and institute a new currency of some sort.  They’re guessing it will be called “The Amero”.   The more I read, the more I believe they’re right.