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1790-1913 under our gold and silver era, before

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punter75   Thursday, 09/10/20 01:32:24 AM
Re: Swimmingly post# 33118
Post # of 33166 
1790-1913 under our gold and silver era, before the Fed got its meathooks into the body politic, balanced budgets were the norm because the taxes that came out of people's pockets were gold and silver! The $25 trillion national debt since created has been massively inflationary, even as the Fed lies through its teeth in justifying banks paying no interest "because there's no inflation" while nevertheless forcing everyone into higher tax brackets with no increase in buying power. If people woke up to this, or grew a pair, like the patriots who won independence wearing threadbare uniforms and frozen feet who would not put up with paper Continentals after their victory things would change. But not till then. Not only do the banks that run our govt. have absolutely no plans to re-institute a gold or silver standard, they are planning to call in all paper money and institute an all-digital regime which will enable them to take whatever nip they like out of your savings in fees and special charges as no one will any longer have as a last resort stashing their cash in the mattress.

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