A Bankrupt Population is a National Security Risk

By Mitchell Vexler, December 3, 2025

 

This is the history of the purchasing power of our dollar, in 5-year increments, since 1913:


  • 1913       1017.80
  • 1918         715.90
  • 1923         595.00
  • 1928         578.80
  • 1933         775.40
  • 1938         702.40
  • 1943         591.40
  • 1948         421.40
  • 1953         375.00
  • 1958         349.30
  • 1963         328.60
  • 1968         293.30
  • 1973         234.30
  • 1978         159.80
  • 1983         102.10
  • 1988           86.40
  • 1993           70.10
  • 1998           61.90
  • 2003           55.00
  • 2008           47.40
  • 2013           43.40
  • 2018           40.30
  • 2023           33.40


Here's how it looks on a graph:

From 1017.80 in 1913 down to 33.40 in 2023

And now, as of September 1, 2025, down further to 30.80.

30.80 is just 3% of 1017.80, meaning the U.S. dollar has lost 97% of its international/global purchasing power since 1913.


What causes the loss of purchasing power?


The loss of purchasing power is primarily caused by inflation.


What is inflation? Inflation is created when the Federal Reserve requires that the U.S. Treasury print money which is not backed by an asset and that money is used to A.) increase the money supply and or B.) to cover off deficits on U.S. National Debt, which are created when compound interest on the debt increase is greater than the revenue received by the government in the form of taxation. 


Further Inflation occurs at the local level in the form of fraudulent property overvaluation and subsequent over taxation.


Inflation, which in both cases as outlined above, is fraud and causes a rise in prices of goods and services over time.  When prices increase faster than income, consumers buy less with the same amount of money, leading to a decrease in purchasing power. 


Businesses and Individuals try to buy the equivalent with less money, but both suffer from the reality of inflation overcoming the ability to produce more top line revenue. Businesses start decreasing labor, or cost of goods by importing lesser product which in the long run causes the business to fail as the quality of goods and service is simply not worth the lesser price and there are alternatives to cheaper competition.


Clueless politicians try to shift the blame over to Demand-Pull Inflation which occurs when demand for goods exceeds supply, causing prices to rise. Clearly in an economic downturn, this is utter nonsense.


Cost-Push Inflation occurs when there is rising cost of production, such as labor and raw materials which drive prices up. 


In addition, there are external influences, including exchange rates, which can create a weaker currency which makes imports more expensive, contributing to higher prices domestically.


Global economic conditions such as geopolitical conflicts or supply chain disruptions (COVID) can lead to increased costs and inflation.


Shutting down the economy as what occurred in COVID led to increased costs, disruptions of the global supply chain, economic destruction, psychological issues, and thus increased costs and inflation.


When wage growth stagnates where the wages do not keep pace with inflation, consumers can afford less which reduces their purchasing power.


Fixed Incomes: Individuals on fixed incomes, such as retirees, may find their purchasing power eroded as prices rise without corresponding income increases.


Understanding these factors can help individuals understand what is happening in their lives and provide the reason for those individuals to get involved (advocacy) and to demand that their policymakers address the challenges posed by declining purchasing power including the fraudulent overvaluation and over taxation of property for the sole benefit of their local school districts (the majority of which are bankrupt) and that school districts co-conspirators being the boards and the local central appraisal district.


The quality of both standard goods and luxury goods has been decreasing due to inflation which results in a shift to cheaper mass-produced items and the outsourcing of manufacturing, which often prioritizes cost over craftsmanship. Look at the quality of homes being produced. The quality of the home goes down as the land price fraudulently goes up because of too much money being printed so the Fed can allegedly inflate its way out of debt. Look at the quality of shoes, clothing, food, and those in government who allowed these conditions to expand into where we are, which is at the precipice of Terminal Failure, being the creation of Institutionalize Systemic Moral Hazard. 


Your buying habits are being shaped / manipulated into less quality while the socialists who allowed this to occur get paid to transfer your wealth to their pocket and to their pet projects, which are financed by banks or bonds utilizing compound interest to the point that the original principal cannot be paid off because the income does not exist to do so. The increasing cost of interest, which is the deficit, is temporarily covered by the printing of more money which is the definition of a Ponzi scheme.   You get less / go bankrupt, and the socialists who created this nightmare, get more all in violation of the black letter of the law.


Consumers are manipulated into trendy, low-cost items that are designed for short-term use. This has led to a culture of disposability, where products are discarded after a few months and then the consumer is forced to buy the cheap junk again. The hamster is on the wheel and can’t get off because there is not enough money to pay for the ticket to get off the ride.


As I stated many times in writing and on video, price is what you pay, and value is what you receive.


This applies not only to the health risks of low-quality food and medicine, but also to the type of people allowed into the political arena.


The real national security risk is the 37.8% (42,000,000) households that are in harms way of bankruptcy or losing the roof over their head. 


The real national security risk is an all hands-on deck requirement to make those in office change the trajectory by repealing all property tax in favor of the Uniform States Sales Tax which restores the American Dream of true homeownership.


Data Source:

Federal Reserve Bank of St. Louis, https://fred.stlouisfed.org/series/CUUR0000SA0R.

January 16, 2026
This article links to others and digs deeper to show why socialism is the antithesis of capitalism & the U.S. Constitution and why socialism should be codified as illegal... Stop theft & fraud, repeal all property tax in favor of the Uniform States Sales Tax. Your involvement as taxpayer & property owner is crucial.
January 14, 2026
The 2 largest purveyors of fraud in the U.S. are the Federal Reserve & the School Districts which own the CADs and this is the Civil Rights issue of our generation. In my humble opinion, the true solution is to Chain the Doors of the Federal Reserve and repeal all property tax in favor of the Uniform States Sales Tax.
January 13, 2026
2011 Report from the Office of Inspector General, along with various letters, discussed & analyzed bank failures and provided recommended course of actions.. of which none were followed... and here we are today... let's review it all & the Federal Reserve.
January 9, 2026
State(s) Property Tax Codes are criminally violated, not just 1 or 2 sections of code, on an epic level, including failure to comply with Uniform Standards of Professional Appraisal Practice which is required in the code of law. Property Taxes must be repealed in favor of the Uniform State(s) Sales Tax to save us all.
January 7, 2026
The only way to insist, and get, permanent change starts with knowledge of the issues. Goal is to inform ALL, including politicians, and obtain advocacy from all levels of government. Share this article, all the links to other articles & links to videos. Together we will make a permanent difference.
January 5, 2026
Every Citizen should be greatly bothered by any political party, official, or judge refusing to adhere to Constitutional law, as in the end, all citizens regardless of party affiliation end up paying for the fraud created. Socialism, a means to perpetrate/perpetuate fraud, should be codified illegal. Protect yourself.
December 30, 2025
There's a direct correlation to property tax fraud, silver scam, & printing of money via U.S. Treasury & Federal Reserve. The nexus is the creation of false value being fraudulent property valuation from which to steal tax revenue, fraudulent paper chasing paper from which there is no physical to back up the paper...
December 26, 2025
Auditing serves as a critical function, providing credibility to financial information & enhancing accountability of governmental entities. If your school district & appraisal district are participating in a criminal conspiracy to defraud, you have a civic duty to expose them because it is your money they are stealing.
December 26, 2025
A Sampling of Recent Messages Attached to Petition Signatures
December 25, 2025
Recapping recent articles, videos, & events related to school & municipal bond debts, property taxes, and the financial stability of property owners and tax paying citizens… along with a reminder that YOU CAN MAKE A DIFFERENCE.
December 22, 2025
Conroe Texas' example of the pattern & practice of Institutionalized Systemic Moral Hazard that's playing out across the US: Public Private Partnerships, School Bond Fraud, Economic Development Commissions. The common nexus is fraudulent overvaluation & over taxation of property, annually increasing to cover up fraud.
December 17, 2025
Prepared to go bankrupt to support your school district that is failing in education & equity stripping your home & future via the outstanding fraudulent school bond debt? Let's repeal all property tax in favor of Uniform States Sales Tax, end the socialist nightmare, & feed those strangled by the socialists.
December 15, 2025
Please forgive bluntness of this letter. The Financial Stability Oversight Council Report December 2025 has a conclusionary fatal flaw especially regarding pgs 29 – 38 which has ramifications in other areas of Report: fraudulent property tax, school district accounting & bond fraud and related State & Federal crimes.
December 12, 2025
What's the connection between Bitcoin, Trading, Federal Reserve, the Texas investigation of over-taxation, socialism, the repeal of property tax, & Precious Metals... a Crisis of Confidence... loss of faith in ability to achieve goals or trust institutions, leading to feelings of doubt & uncertainty about the future.
December 9, 2025
Attorney General Ken Paxton Launches Statewide Investigation of Nearly 1,000 Texas Cities to Ensure Municipal Transparency and Stop Illegal Tax Increases. If you believe a municipality is in violation of Section 103.001 or 103.003 of the Local Government Code you may file a complaint.
December 8, 2025
The Press & Federal Reserve have stated that we are not in a recession. The evidence is the opposite. Any one of the 50 issues presented here is enough to cause a recession or major credit crisis... Existing laws are not enforced... Measures need to be implemented... Stop Institutionalized Systemic Moral Hazard.
December 4, 2025
Basics of economics are not being taught. Health care costs have exploded. Individual, Local, State, & National debt is at all-time highs. Property taxes are stealing equity. Risk of bankruptcy or loss of home is increasing. Restore Mom & Pop’s balance sheet. Repeal property tax, in favor of Uniform States Sales Tax.
November 30, 2025
To expand on yesterday’s Trials & Tribulations of Advocacy for Permanent Change – Repeal Property Tax in favor of Uniform States Sales Tax, this Part II will tie several elements together that we all experience & prove up why we must individually & collectively advocate for permanent change.
November 29, 2025
What does it take to effect change for the betterment of society? Are you willing to learn to help your family and society? Does helping society have to cost you money? Can my family and I benefit by being involved? What can I do to help? What can I expect for my efforts?
November 27, 2025
Your equity is being stripped while you sleep. CADs, School Districts, State Comptroller, Attorney General, Governor, Legislators all collude in promoting propaganda with taxpayer funds to make you to believe “it is for the children” & that there's nothing you can do about it, all while they commit crimes against you.
November 25, 2025
To repeat...Not only is the equity in your home being stripped while you sleep, so are your constitutional rights! This should concern every property owner & every citizen, because you're paying for it regardless of what State you live in. As goes California & New York, so goes Texas! As goes Texas, so goes the USA!
November 17, 2025
What makes confidence crash? Decreasing confidence is the warning sign. When markets crash, opportunities rise! Stock market is its own ecosystem/economy; it can go up, down, sideways. Just like people’s confidence, being irrational exuberance, depression, & it will be ok. Question is over what time frame?
November 16, 2025
If you really want to rescue the credibility of U.S. Dollar, including the governments at both State & Federal levels, then a coherent & consistent plan that the public understands & participates in, must be in place. It's said “planning eases instability, consistency defeats confusion and clarity squashes disorder."
November 12, 2025
The Governor Abbott's six element plan as released on November 9th 2025 is the continuation of the exact same pattern & practice of kicking the can down the road to the next person in charge. Let's quickly pull the plan apart, and then lay out what his "Contract with Texas" should be.
November 6, 2025
Not only is the equity in your home being stripped from you while you sleep, so are your constitutional rights! This should concern every property owner & every single citizen; you are paying for it regardless of what State you live. As goes California and New York, so goes Texas! As goes Texas, so goes the U.S.A.!
November 4, 2025
Comprehensive Review of Texas School Bonds. Outline from California Policy Center shows pattern & practice of defrauding voters in CA & Texas. Results in bankrupting school systems, equity stripping property owners, affecting all citizens. Many are suffering from cognitive dissonance, unwillingness to believe facts.
October 25, 2025
All property owners and taxpayers bear the responsibility to ensure that the School Districts and Central Appraisal Districts are adhering to the law. The law is to be applied with accuracy and fairness. The mission is fairness, not being the victims of bureaucracies.
October 21, 2025
Here is a list of questions to be asked by ALL concerned Citizens & Property Taxpayers at their local School District Board Meetings (motion to compel) wherein the School District raises bonds . (applicable across Texas and the U.S.)
October 19, 2025
Median household incomes cannot sustain the current levels of debt and high property taxes, including the associated school bond debts. Are you protected? Knowledge is key. It's time to get involved.
August 27, 2025
Effort to obtain OAG records by Mitch is reminiscent of Dr. Michael Burry's research for the 2008 financial crisis in several key ways. Both individuals employed a strategy of meticulous, data-driven analysis to expose a fundamental flaw in a complex financial system that was widely believed to be secure & stable.
August 14, 2025
Boomers bought homes for two or three times their annual income during an era when interest rates would fall for the next four decades - turning their mortgages via the amortization schedule into wealth-building machines as rates dropped from 15% to near-zero.
August 12, 2025
The Rule of Law is a principle stating that all individuals and institutions are subject to the same laws, ensuring equality and preventing arbitrary governance. It is fundamental to democracy, promoting justice, accountability, and the protection of rights.
August 11, 2025
While all property owners agree that property taxes are too high, owners become particularly incensed when property taxes are assessed unfairly due to improper market value appraisals. Owners don’t mind paying their fair share, but it is unacceptable to pay more than other owners pay for similar properties.
August 10, 2025
This is one more article in a series, that builds upon each other and allows my thought process to become more direct with the goal of helping distill the issues in byte size elements of understanding of both the macro and micro picture of debt and taxes mandated to support that debt.
August 9, 2025
It is through the writings of Thomas Paine to the Founding Fathers both individually and jointly, that form the basis from which the U.S. Constitution was derived and signed on March 4, 1789. Mr. Paine wrote Common Sense a book published in 1776. The writings of Mr. Paine form the basis of the U.S. Constitution.
August 7, 2025
Through the past several months of research, quite often a key word trips a thought process, which causes additional research and expansion of previous articles I wrote. This article falls under such expansion, with the goal to add clarity of why we are where we are and how not to fall prey to the narrative.
August 4, 2025
Through multiple articles including the Federal Reserve is a Failure & CPI The Big Lie, I made the case that most often, at the hands of government officials, the data is abused, made up, ill-timed (lag), ill-conceived, and simply wrong, and quite often wrong for political reasons.
July 23, 2025
Violating the black letter of law is an attack and offence to America’s founding principles which were created as a result of The American Revolution of 1776.
July 19, 2025
Are you prepared to go bankrupt to support your school district which is failing in education, equity stripping your money and your future via the outstanding fraudulent school district bond debt? If you knew that a child is going hungry and the difference between whether that child goes hungry or not is real estate
January 20, 2025
Gross Negligence... Criminal Conspiracy to Defraud... Equity Stripping... Repeal Real Estate Tax in favor of Uniform States Sales Tax
January 20, 2025
In the summation on the analysis on over 100 pages of information and articles on the Federal Reserve, combined with the current state of the U.S. economy and its citizens financial well-being, I have compiled a list of over 50 reasons why the Federal Reserve should be shut down:
January 1, 2025
Property Tax is illegal when there are no longer any enforced laws protecting rights of real estate taxpaying Citizens, when equity is stripped by compound cumulative over-taxation, when CADs & taxing entities' budgets & debts determine values on which to tax, when property tax system has become irretrievably corrupt..
December 18, 2024
I'd like to share the article "Who Owns the U.S. Debt?" found on visualcapitalist.com by Bruno Vendetti and expand on the topic to include a discussion on Modern Monetary Theory.
December 9, 2024
Following the last article that I wrote on Homestead and Circuit Breakers now comes more proof of fraud on a mass scale. I asked in one of the videos a very specific question to Mr. Don Spencer, the Chief Appraiser in the Denton County Central Appraisal District. Knowing, based on irrefutable evidence as found at www.mockingbirdproperties.com/dcad, that the real estate tax laws are being violated not just in Texas but in any County or Province that claims to use Uniform Standards of Professional Appraisal Practice, the question was, Mr. Spencer, what is to stop you from raising the real estate tax to infinity in 2025? The answer, by virtue of violating USPAP, is nothing. (See our violations reviewed pdf document.)
December 9, 2024
Circuit Breaker Limitation and Residence Homestead are examples of illegal regulations written by the Texas Legislature and exist both in temporary status with expiration dates and subject to amendment, to cover the fraud created by the Central Appraisal Districts on behalf of their owner the Taxing Entities.
November 21, 2024
My career was built on thought, as a result of thorough analysis with numbers at the forefront. Although it sounds tough, yet often stated by me, is that I don’t give a damn what someone has to say, but very much I care what can be proven. People / Media talk, yet the majority of the time, have nothing to say which in itself becomes divisive. Knowledge vs Ignorance. Repetition of ignorance is ignorance raised to the power two.
November 21, 2024
In reviewing the multitude of issues that we discovered or encountered with property tax appraisals and the protest/appeal value process in the Denton Central Appraisal District, one cannot help but stop and say, how is this sustainable? Can property owners in other appraisal districts across Texas, or across the U.S., survive this equity stripping attack?
November 21, 2024
Have you wondered why prices are so out of control? Governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. The government makes the currency less valuable by issuing more units of fiat money, partially dissolves its debt in real terms, collects more taxes, and presents itself as the solution to rising prices with subsidies in an increasingly worthless currency. That is why socialism and hyperinflation are one in the same. This is why elections matter. This is why math matters.
September 20, 2024
The depth of the property tax issues results in Equity Stripping. Property Value Fraud does not discriminate between party lines. Roughly 37% of the households (multifamily & single family) will go bankrupt and or lose their homes as a result of the fraudulent real estate tax scam being perpetrated on all of us.
September 13, 2024
Quantitative Easing leads to Quantitative Tightening , removal of liquidity in financial system. This is Inflation, loss of purchasing power. This is a form of Tax. Then QE=TAX at both Federal & local level. At local level, CADs created tax on inflation outside USPAP & Law by way of falsely increasing property values.
Show More