Founder of the Soviet Union, Vladimir Lenin, had a few things to say about how to end capitalism and it revolved around devaluing (debauching, as he called it) the currency of a nation. Sound familiar? We’ve been ringing the alarm bells of the far-reaching effects of a continually devalued American dollar on these cyber pages for some time now.
Are the powers that be insidiously trying to end capitalism in America with a massive power play that very few people recognize, or are our leaders merely spineless dullards when it comes to economic policy?
So, what did Lenin have to say?
Noted economist, John Maynard Keynes, wrote on the subject in 1919. Let’s listen in on an excerpt from Wikipedia.
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”
Keynes went on to write:
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.”
We’ve diagnosed and we’re taking action. The best way we know of to protect and increase your wealth in inflationary times is the proper use of leverage to buy income properties.
