Your wallet will squeal more this year | The Biz Beat
As the price of everything goes up, please understand that it is not the value of the items that are going up. The fact is that in most instances, products are becoming less in quantity and in quality. AND, the purchasing power of the US dollar as it is going down, down, down!
As more and more people find themselves having to depend on benefits from the US government for food, shelter and healthcare, the more money the government borrows from the Federal Reserve.
The more money the US government borrows from the Fed, means they must demand more taxes from US citizens to pay the interest on that money. And no, taxes DO NOT go to pay for the benefits- they go 100% to the interest the Federal Reserve charges on the money the government borrows from it.
The Federal Reserve is a private, for profit corporation, not part of the US government and uses the IRS to collect the interest (taxes) due on the loan. Our government collects this interest payment from it’s US citizens.
This is the foundational reason why your paychecks will diminish.
As more and more dollars flood the market, their value is diluted which is called inflation. Inflation is also known as a silent tax. There may be a debate about the inflation rate, but with all things included, inflation is at 11%. This means if you earn $1000, you will lose $110 of purchasing power and your paycheck will only purchase $890 worth of goods and services. Add in increased costs and the other charges taken out of your paycheck, that equals less and less take home pay. Then take that to the grocery store and see how far you get. Add sales tax plus all the other city, county and state taxes and I ask, how does your money look now???
As we can see, as 2013 moves forward, the money coming into our households will cover less and less of the cost of living the lifestyle we have been used to having.
We can just ride the wave and hope that things will get better…………
You can do as I have done and take time to learn how you can protect your savings and bring more money into your household by showing others how to do the same. If you do not have a source of income that is not affected by this great economic reckoning, you will most likely see the value of it and perhaps the source disappear.
I invite you to visit this site: www.karatbarstv.com
Learn all you can and then click on the links below to open your free account and get started in protecting and growing your wealth. If I can be of further assistance to you, email me with your number and I will give you a call. Time waits for no one. Do this TODAY!!