Welcome Y'all
En Tierra de ciegos, el tuerto es rey.
We make dollars not cents, but what if we made sense of our dollars?
In a fractional reserve banking system, bankers make money by loaning money (with interest) to other banks, countries and individuals. This interest compounds daily and the result is a deficit, or money owed. In theory our taxes are meant to pay back this deficit. In reality our taxes don't even cover the interest on the loans. Loans? Where do the loans come from? Glad you asked. The loans come from the Federal Reserve, a private bank established in 1913 to control the money supply in the US by president Woodrow Wilson. Every fiscal year our politicians borrow money from the federal reserve by the trillions to fund their agendas. Sometimes we the people get the money, but more often it gets distributed to the military, foreign countries and private corporations in the form of grants. Government grants are literally free money to the beneficiaries.
Well, no, not anymore. The dumping of the gold standard by the United States was completed by Richard Nixon in 1971. This action effectively backed the U.S. dollar and world economy by U.S. War bonds. If we don't make war, the world doesn't make money.
The gold standard and fractional reserve banking follow each other throughout history. There is even a fable about it. I forget the name but the premise is that an Emperor with a growing economy decided he could print money on paper in advance to finding gold via mining. He figured the miners would produce enough gold to catch up to his misdeed before the people came looking to exchange their cash for gold. Drunk with power he prints far too much money and the people figure out that their money has no value. As he is trying to assure the people their money is redeemable in gold and there is enough gold for everyone the devil appears and bets him their isn't. Heh-heh, woops....
With digital currency, inflation and labor autonomy on the rise it should go without saying the world, let alone the United States, is in dire need of economic reform. The elephant is in the room. Fractional reserve banking, or "coin clipping" in slang, always fails in this manner. There is nothing even the richest man in the world can do to stop this. I've heard people say this system is, "too big to fail." That's what they say, but in reality, it is doomed to fail.
A strong and proud military tradition and presence is vital to the survival of an empire. In "The Art of War" Sun Tzu says, "There is no instance of a country having benefited from prolonged warfare." Or as I like to call them, endless wars. Sun Tzu says next, "It is only one who is thoroughly acquainted with the evils of war that can thoroughly understand the profitable way of carrying it on."
How is printed money an excuse to kill another person? How can so much money be printed and we still have homeless veterans? The people doing the work to line the pockets of the rich with money are coming home and sleeping on sidewalks. They don't sleep alone on these sidewalks. There are plenty of civilian homeless people induced by drug use and hyperinflation too. We print trillions of dollars a year. So many trillions of dollars we could give each citizen 1 million dollars and there would still be money left over to budget the military. Where does all this money go?
Frankly, I don't think I'm smart enough to reinvent the wheel by myself. ^^^^^^ However, I do believe that inflation is slowed down by the conservation of assets. If you take care of what you have, it will take care of you. Conservation starts with the individual. Adopting an attitude of self preservation and conservatism will lead to a harmonious and fruitful life.
"Mankind must put an end to war before war puts an end to mankind." - John Fitzgerald Kennedy