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Government can’t make things equal by decree. When the US Mint stopped putting silver in quarters and dimes and replaced it cheap copper-nickel junk, Americans pulled the silver out of circulation within a few years. They understood that even if the government said both are legal tender and both...

21,897 görüntüleme • 1 ay önce •via X (Twitter)

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Inflation made simple. Inflation is a topic that neither Republicans nor Democrats seem to explain properly, and I believe it's intentional. They’re keeping you in the dark because they profit the most from your confusion. So, let’s break it down simply. Imagine this: You stumble upon a one-of-a-kind Michael Jordan rookie card in your grandparents' attic. It’s rare, and an appraiser values it at $25 million. Now, everyone who hears about your discovery starts digging through their attics, and suddenly, identical cards begin to pop up everywhere. What happens to the value of your card? It plummets. That’s supply and demand, plain and simple. The more cards there are, the less valuable yours becomes. Now, replace those cards with money, and you’ve got inflation. When the government prints more money, your dollars lose value. The only way money holds value is through scarcity. No scarcity, no value. But why don’t politicians explain this? Two reasons: some are clueless, and others don’t want you to know they’re the problem. When prices rise, it’s not because things are more valuable—it’s because your money is worth less. Want proof? Over the last 20 years, the S&P 500 grew 300%. Sounds great, right? But adjust that for inflation, and the real growth is just 22%, or 1.1% per year. You won’t hear this from Dave Ramsey or most financial advisors, because they need you to buy into the illusion of growth.

Chronicles of Nate

351,165 görüntüleme • 2 yıl önce

More sophistry and revisionist history from Mike Green. He claims: "Money exists to cancel debt. That's all it does. That's what it says on your dollar bill. This is legal tender for settlement of debts both public and private. It continues to function in that manner. It never stopped functioning in that manner. That is what it does. That's what it's supposed to do. It's not meant to store value. It's not meant to retain its value. It doesn't say that on there. There's no statement on your dollar bill that says this is good for three cowhides, right? It says this is for the settlement of debts, public and private." -------------------- His statements would only be sensible to someone who thinks money has been fiat for all of time. However, his claims are ahistorical (a word Green likes to use himself). Paper money was introduced as a representation of a specific amount of precious metal. Dollar bills once stated exactly how much silver or gold they were redeemable for. When the Coinage Act of 1792 was passed (and all the way up to 1971), you would have been laughed out of the room if you stated that "all money does is cancel debt." In fact, even after 1971, you would have been laughed at for claiming this, because Nixon's suspension of gold convertibility was "temporary," of course. When money was a specific representation of gold and silver, it DID store value. Of course paper money never stated that it can be exchanged for three cowhides. But when dollars stated exactly how much precious metal they were redeemable for, citizens KNEW that the underlying precious metal stored value over time. This is why the fiat rug-pull happened over many decades rather than overnight (central banking --> gold seizure --> "temporary" removal of gold convertibility --> fiat money). The best defense of Mike Green's claims are that they apply to the nature of fiat money TODAY. But Green leaves out that, historically (while competing monetary theories did exist), people correctly treated gold/silver-backed money as a store of value. Money DID store value. Everyone knew this to be true, and wanted it to be true (except banks and governments).

John Haar

10,393 görüntüleme • 5 ay önce