Everyone’s dream! Buy anything your heart desires, and pay with Monopoly Money! WOW!
It’s true! Ask any Senator or Congressman (or woman), or even the President. Just order up anything you think may help your constituents or get you votes. Anything at all. No limits!
A subsidy for anything deemed important by Congress, and needing money to pay for it. Help for the poor, sick, illegals, unemployed, old and feeble, sick babies, fire, flood and earthquake victims. No limits.
All that has to be done, is for government to increase the money supply by printing it, the way all former nations did, as their money became more and more worthless, and finally collapsed, like the Soviets did in 1991. But government expenditures have to be voted upon by the Congress, don’t they? Absolutely. How else, can we build more roads, explore space, help the poor, fight wars, help other nations with foreign aid, and do all sorts of useful, vote getting things, which requires a lot of money to pay the bills?
I know, you are saying that the money supply isn’t that easily increased, and that I am exaggerating. Technically, increasing the money supply, has to go through Congress and the Federal Reserve, but that’s no problem, as that’s been going on now since the Fed was established over a hundred years ago, and Congress has done it long before they voted the Fed into existence.
Since America began with no debts, or just a tiny bit anyway, and now its $34 trillion, that must prove that it’s not only possible, but it happens every day. Just last Thursday, President Biden, promised $400 a month for some, and $1500 a month for others, plus numerous other causes, he thought worthy. It’ll probably happen, because the voters think they’re all great ideas, failed economics 101, and after all, America has the dollar, which is the world’s ‘reserve currency!’ When Trump, and all other Democrat and Republican Presidents were in office, they did the same things, along with Congress of both parties, virtually since our founding. What’s to keep it from happening till our dollar becomes worthless, and since it has already lost 99% of its value anyway? Can its decline be stopped? Doubtful.
“The more of anything there is, the less they will be worth.” – Stott’s Law, and this includes water in the desert, and dollars. Government paying bills it has authorized, with money they print, is merely double taxation. First, when you pay your taxes, and second, when everything you need and want, continually costs more.
There’s nothing to keep dollars from eventually progressing further down of that final 1%, to zero value, and as an example, after WW I, when Germany was forced to pay for the damage it caused, gold went from about 800 reichsmarks, to 800, followed by 75 zeros. It’s now happening all over the world. We may be last, and not even in the immediate future, but wouldn’t it be smart, to store your savings in real, historic, beautiful, inflation proof money, which can be used at any time and any place, regardless of what happens to a currency? Gold and silver can’t be printed. They have to be mined, smelted, manufactured, transported, and distributed. Our prices are just a bit over the spot price, which is what miners get from what they have mined, and we do it for 1%, not the usual retail markup of 33% or more. Have a great week!
Don Stott- don@coloradogold.com, 970-249-4646