Post by Admin on Jul 24, 2021 16:54:23 GMT -6
Originally posted to r/wallstreetsilver May 28, 2021 - moved here July 24, 2021
TL;DR - Government ponzi fiat will fail. Stack silver. Go 🦍🦍
To put debt it in household terms...say the government is a household that makes $100k in income yearly. The household is about $770k in debt, but it's OK because $170k of that was pulled from the kid's college funds and they promise to replace that before graduation and all of it has really low interest rates right now. The drawback is that the debt is not mortgage based or even a car loan, it's completely unsecured, like credit cards.
Meanwhile, the heads of the household keep making up yearly budgets in the range of $115k - $170k and make sure they spend every penny, but that budget is just bills and expenses, there are few dollars, if any, set aside funds for emergencies of any type. So, if an emergency happens, the unsecured debt increases more.
The credit lines used to be advanced to them by other households, but those households began to demand that the interest rates go higher to issue more credit. Well, that just won't do, it's too expensive! The household got so frustrated with their debt situation that one of parents got angry and ripped a dollar in half. Each half of the ripped dollar magically became its own individual dollar! What?! How can this be?!
So they did it again and again, over and over, ripping bills in half and ending up with double and they used these dollars they created to pay for their budget excesses and for the interest accruing on their existing debt and flooding the neighborhood with more and more dollars that made each individual one worth just that much less.
Everyone not in the household could only make dollars the old way, so their spending power was diluted, but the magical household was smart and they didn't just go ahead and plan to pay off their full debt because they knew that would be too obvious and the whole dollar system would crash, but if they did just enough, they thought they could slowly make their own debt less and less of a burden as the pool of dollars grew and each one bought less, but each one became easier to earn.
Before long, they would owe $1.5 million in debt, but they would be earning $1 million in income and would begin budgeting better to pay off their debt in just a few years without ripping bills any more. Sure, their expenses would go up too, but the inflation was necessary to make the debt manageable overall in the long run. It didn't really matter to them what happened in other households, they would either realize what was happening and prepare, or they would fail and suffer.
At least that was the plan...the actual execution was that they ripped so many bills that everyone lost confidence in the value of the dollar and since it wasn't pegged to anything real, it wouldn't buy next to anything unless you had several thousand of them. Sure the household debt was easy to pay off, but no one in the neighborhood could buy basic necessities because all they had was dollars and never enough of them. So, prepare yourself, you now know what's coming and its on you to be ready to survive. You can do it. You survived this wall of text to the end after all!
TL;DR - Government ponzi fiat will fail. Stack silver. Go 🦍🦍
To put debt it in household terms...say the government is a household that makes $100k in income yearly. The household is about $770k in debt, but it's OK because $170k of that was pulled from the kid's college funds and they promise to replace that before graduation and all of it has really low interest rates right now. The drawback is that the debt is not mortgage based or even a car loan, it's completely unsecured, like credit cards.
Meanwhile, the heads of the household keep making up yearly budgets in the range of $115k - $170k and make sure they spend every penny, but that budget is just bills and expenses, there are few dollars, if any, set aside funds for emergencies of any type. So, if an emergency happens, the unsecured debt increases more.
The credit lines used to be advanced to them by other households, but those households began to demand that the interest rates go higher to issue more credit. Well, that just won't do, it's too expensive! The household got so frustrated with their debt situation that one of parents got angry and ripped a dollar in half. Each half of the ripped dollar magically became its own individual dollar! What?! How can this be?!
So they did it again and again, over and over, ripping bills in half and ending up with double and they used these dollars they created to pay for their budget excesses and for the interest accruing on their existing debt and flooding the neighborhood with more and more dollars that made each individual one worth just that much less.
Everyone not in the household could only make dollars the old way, so their spending power was diluted, but the magical household was smart and they didn't just go ahead and plan to pay off their full debt because they knew that would be too obvious and the whole dollar system would crash, but if they did just enough, they thought they could slowly make their own debt less and less of a burden as the pool of dollars grew and each one bought less, but each one became easier to earn.
Before long, they would owe $1.5 million in debt, but they would be earning $1 million in income and would begin budgeting better to pay off their debt in just a few years without ripping bills any more. Sure, their expenses would go up too, but the inflation was necessary to make the debt manageable overall in the long run. It didn't really matter to them what happened in other households, they would either realize what was happening and prepare, or they would fail and suffer.
At least that was the plan...the actual execution was that they ripped so many bills that everyone lost confidence in the value of the dollar and since it wasn't pegged to anything real, it wouldn't buy next to anything unless you had several thousand of them. Sure the household debt was easy to pay off, but no one in the neighborhood could buy basic necessities because all they had was dollars and never enough of them. So, prepare yourself, you now know what's coming and its on you to be ready to survive. You can do it. You survived this wall of text to the end after all!