Dollar, Gold, & Credit fraud on Americans exposed with this listener’s question

Republicans & Democrats who hid behind a political mythical center get away with objecting to progressive policies because of our economic ignorance.

Gold is not the answer

Economics is straightforward. I will make a very controversial statement, but reality and history prove it correct. The complexity in our economic system is solely to make a dollar for freeloaders. In other words, create income for some who do not provide a necessary product or service. I know that is a general statement as we do need some financial folks but not an industry that produces nothing.

One of my listeners attempted to equate government debt with personal debt. He wants the government to treat their “checking account” like families must. He believes deficit spending is detrimental all of the time. That is what the creators of our economic system taught us. The thing is, reality says otherwise. Most importantly, the math does as well.

The purpose of this post is not to go over macroeconomics but to dispel a fallacy. We will have other articles that delve deeper into the math.

Here are a few concepts we should start dispelling.

1. Deficits are always bad. A few years back Dick Cheney said deficits did not matter. Reality proves what most of us already knew. We have had massive deficits for decades without any substantial inflation.
2. Deficits do not mortgage anyone’s future. In fact, these debt in reality never need to be paid back.
3. There is nothing inherently valuable withgold and as such those selling gold for some doomsday are ripping people off. If an economic system fails what is its instrinsic value. One can eat corn, wheat, and fruits, not gold.

Please listen to the entire video and let me know what you think.