fiat money

Until such time that the average citizen grasps the fact that all of economics can be boiled down to one sentence: “You can either create wealth, or borrow it” we are in trouble.

.

.

.

We have chosen to borrow it. Payback is a bitch. The Fed Gov't borrows .46C of every dollar it spends.

This before we discuss the Federal Reserve debasing the value of the dollar thru QE1, QE2, QE3, etc, etal......EVERY Currency based upon Fiat monet (fiat money is money back by “the full faith and credit of_____________” has resulted, in the end, in hyper inflation.

We have a spending problem not a revenue problem. Think about it. The Fed pour 3 Billion dollare a day into the available flow of Dollars. Is this sustainable? For how long? One Dollar is only worth One Dollar up and until people no longer believe it is. Then, the fall is dramic and sudden. (Think Weimar Republic [Germany after WWI]

But, that is not what the people voted for- for any number of reasons, #1 being privy to the truth. The strongest of men understand that they are the first witness to all their actions. With that witness being their greatest judge and harshest critic, they absolutely refuse to violate their principles and ethics. No matter what. So where do we all stand. Solve a problem long term, or continue to play these self inflicted games in lieu of telling "We the People" the truth. That promises made cannot be kept. Today, Tomorrow, or someday...but someone will have to. The day of reconing is near.