I hear the congresscritters, on the orders of the president, are planning to "save" the economy by giving money to those who didn't earn it. This money they plan on giving away doesn't really exist, but is made up out of thin air, based on the belief that your children will someday pay the government for the privilege of being oppressed by its stormtroopers, through taxes or whatever new scheme is dreamed up in the future.
Now, why would the government give corporations this fictional money instead of simply firing up the printing presses and dumping lots of FRNs all over the country from low-flying planes? That would be a lot simpler, cheaper, and most people would be a lot happier with that "plan". Government won't do it that way because the current plan constitutes a bribe to buy loyalty from those who are being "rescued"; powerful people. Not at all like you or I. This "stimulus" will stimulate something, that's for certain. I betting on more corruption, irresponsibility, and poor business decisions.
However the government proceeds, the long-term effect will be the same: the money in your pocket or retirement fund will be further diluted by all this new counterfeit money. It won't matter if the money has a physical existence or is just digital information; either way it is stealing value from you just as surely as if a free-lance mugger were holding you at gunpoint while you empty your pockets for him.
And yet, almost no one is screaming "No! You will not economically enslave my future!" or refusing to be robbed. Rather, people are debating how much oversight should the government have, or complaining about all the add-on edicts. I, for one, see through the smoke and mirrors. I suspect that you do too.
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You cannot create wealth by merely re-distributing it.
ReplyDeleteBut the 'sheeple' are easily fooled.
Batten down the hatches!
Ok, I understand this, and am impressed by your take on it. To me it's almost like trying to collect something that doesn't have a surplus, but soon, the market floods the stores w/ something just like it, devaluing the collectible...my example of this personally was beanie babies, when I lived in Colorado, I began collecting them because I thought.Hey, they're cute, and maybe eventually i'll be able to sell them for the amount they are showing in those magazines...yea right...First of all I had a young child who would eventually cut off the tags, and drool on them and play w/ them...2ndly, TY became so popular, that he simply mass manufactured so many of these little critters that it was almost like in the Incredibles where Syndrome says. "Everyone will be Super, and then No one will be" talking about his "plan" to eradicate Superheros. Yes ... Yeeessss....NOW I'm understanding...
ReplyDeleteI recall a quote I heard many years ago from House of Rothschild stating, "give me control of the money and I care not who makes the laws"
ReplyDeleteThanks
Anne Cleveland
octogenariansblog.com