by Gary Christianson, Miles Franklin:

Make America Great Again. It is a good idea, but there is more to the story. The U.S. has traveled far down the “fake money and government control” path. Any return trip will be traumatic.

But onward, to the MAGA story.

From Bill Bonner:

“If Americans wanted to Make America Great Again, they could simply go back to the things that made it great in the first place – honest money, smallish government, and a free-ish economy.”

TRUTH LIVES on at https://sgtreport.tv/

Oops!

The U.S. does not want honest money, small government, or a free economy. Based on actions, not words, our government and most citizens want fake money, big government that continually expands, and a controlled economy.

But Why?

• If honest money made America great, why want fake money? Because…

• If government expenses are (in round numbers) $6 trillion per year and revenues are $3 trillion per year, fake money is necessary to close the revenue gap. If government collected and spent real money, limited by gold backing those real dollars, deficit spending would be difficult. But with fake money it is easy to spend deficit dollars—borrow and print, and repeat.

• Way back, pre-Richard Nixon, we had modified real money. Foreigners, but not American citizens, could redeem dollars for gold. However, the political spending obsession and the Vietnam War forced President Nixon to make a choice – abandon real money or reduce spending.

• He chose to “float” the dollar against other currencies, ignore fiscal restraint, and allow debt to grow to unbelievable numbers. He opened Pandora’s Box of fake money and released monetary misery upon the world.

• Honest money would require balanced government budgets, interest rates that fairly represent risk and the time value of money, and politicians who spend a fraction of what they toss around today.

• Honest money means The Federal Reserve would provide little value. Their employees would have to make a living providing a valuable good or service to willing buyers. Oops.

• Wall Street would be constrained. Trillions of fake dollars that have inflated Wall Street importance, stocks, and bonds would disappear. Instead of indices selling for thousands of mini dollars, they might be down 90% from current “nosebleed” levels. Oops.

• The political and financial elite do not want a stock market crash, honest money, or balanced budgets. The wealthy and elite will fight against honest money with every mini dollar at their disposal.

• Honest money might encourage honest elections—a danger zone.

More indictments against what is needed for MAGA.

It takes a large government to manage and control the populace. But small government helped make American great – before the Deep State took firm control.

Small government and honest money will be popular with very few.

Consider the unpopular consequences:

• If congress or the President wants war, raise taxes. Oops.


• If congress wants a new Medicare benefit, raise taxes or cut something else in the budget. Unpopular.


• If a hurricane devastates a city, use accumulated surplus funds to help the people. But we have no accumulated surplus. Problem!


• If congress wants to give away phones, housing, military hardware, prescription drugs, food stamps, or foreign aid, then raise taxes.


• If congress overspends the budget, then terminate congressional pensions. Oops, we do not demand accountability from congress.


• If Social Security cannot afford their promised benefits, raise the payroll taxes or cut elsewhere in the budget. The so called “third rail” in politics—reduce Social Security—is a non-starter.


• If the Military-Industrial-Complex wants a new weapons system, then… you know the drill.

The problem is obvious. People want giveaways, expanded military, more government benefits, free drugs, free food, free medical care, subsidized housing, a Universal Basic Income, free everything…

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