Written by Bryan Lutz, Editor at Dollarcollapse.com:
Simple kills the “inflation is transitory” crowd every single time. And, what better place to look for an example than the Amish…
Our friend, the Rational Rancher, shares everything you need to know about the fiat currency experiment from his Amish grandfather’s 1953 ledger. I’ll link the full video, below
Some insights:
–> This Amish farmer raised a family of four on 130 acres and earned $6,164 in his worst year. It sounds like poverty, but it’s not. He was well-off in his community, loaned money to neighbors, and left his kids an inheritance that would stun most people today. Except the inheritance wasn’t in dollars, it was in real assets… land, cattle, and barns. Real things. And those real things carried hve their value across decades while the dollar quietly bled out.
–> Now here’s where it gets fun. Take that $6,164 and buy gold at the 1953 price of $35.50 an ounce. Bury it behind the barn. Dig it up today at $5,000 an ounce. You’re holding over $860,000. Do the same with silver at 85 cents an ounce — that’s over $500,000. His annual salary on a small farm in northern Indiana, converted to real money and left alone, would be worth the better part of a million dollars today.
Let’s look at the cattle he left to his grandchildren. What would that $225 butcher-ready bull calf be worth day? In 1953 silver, it’s worth $12,890 today. In paper dollars, you might might get $4,000 for the same animal. It should be worth much more. Let that sink in.
–> Again, simple kills fiat. The Amish farmer didn’t need to read Mises. He didn’t chart Kondratieff waves. He just understood something that most financial advisors still can’t wrap their heads around:
You don’t store wealth in someone else’s promise.
You store it in things that are real, useful, and finite.
Seventy years of data from one handwritten ledger, and it tells the same story we’ve been telling here:
Fiat currencies fail. Real assets don’t.
Watch the whole thing:
