Inflation

Inflation is a very simple fact, and any dictionary will tell you that inflation is simply, “An increase in the money supply.”  Or as “Stott’s Law” states, “The more of anything there is, the less they will be worth.”  This includes sun in the desert, rain in a swamp, or virtually anything, including money of course, regardless of which nation’s money is involved in an inflation.  Maybe a few quotes from Sean Spicer’s new book titled “Radical Nation,” might be illustrative.

Pointing out recent pork promulgated by the Biden Administration: “The pork in the bill includes $350 billion in bailouts for state and local governments, including governments bankrupted by reckless government spending.  It contains $130 billion for schools, which will be spent NOT to improve education, but to pay off            the teacher’s unions. 

“The American Rescue Plan,” creates universal income guarantees for families by creating a child tax credit of up to $3,600 per child.  For a household with three children, that’s a $10,600 benefit, which the IRS would dole out in monthly cash payments.  One of the social justice provisions of the bill, is a $5 billion program that provides loan forgiveness for farmers and ranchers who belong to, “Socially disadvantaged” groups, as defined by the Food, Agriculture, Conservation, and Trade Act of 1990.  The program pays 120 percent of the debtors’ outstanding debt.  Another social justice program is a $50 million funding provision for EPA “Environmental justice grants,”  Whatever that means.

“On March 31, 2021, President Biden proposed a massive piece of legislation he called, the “American Jobs Plan,” with a price tag of $2.3 trillion.  It is better known as the ‘infrastructure bill.”  Senate Minority leader Mitch McConnell sturdied the bill and concluded, “The plan is not about rebuilding America’s backbone.  Less than 6 percent of this massive proposal goes to roads and bridges.  It would spend more money just on electric cars, than on America’s roads, bridges, ports, airports and waterways combined.”  Conservative commentator Ben Shapiro tweeted;  ”Unicorns are infrastructure, love is infrastructure, Herpes is infrastructure, everything is infrastructure.” George Orwell, in “1984” noted that, “Political language is designed to make lies sound truthful, murder respectable, and to give an appearance of solidarity to pure wind.”

“Spicer sums up the Democrat’s spending, by writing on page 122, “In all of history, no one has ever made a multi-million-dollar wager before.  The Biden-Harris administration has bet he entire U.S. economy, and perhaps the world economy, on the proposition that we can keep printing fiat money and piling up trillions of dollars of debt, and the future’s going to be rosy.  The administration had better keep those printing presses running night and day.  In the Biden-Harris post-pandemic economy, it may soon take a wheelbarrow full of dollars to buy a loaf of bread.” 

Therefore, your hundred-dollar bill, now will buy $91 worth of merchandise, gasoline, or other necessities.   Since Biden took office, gold has gone up close to $300 per ounce, and of course there is no limit as to how high in dollars anything can go, including gold and silver, as long as Democrats and RINO republicans can vote to hand out and print to pay the bills. Gold and silver are the best way to guard against inflation in any nation, and with any paper currency in the entire world.

Don Stott– don@coloradgold.com.