CW Blogcast 53 - Destroyer of currencies.
Description
Here’s a question for you. Fill in the blank.
“My government is ___”
A. criminally stupid
B. criminally criminal
C. criminally insane
D. desperate
E. all of the above and then some
At Platinum Properties Investor Network, we would like to make a case for answer D. For quite some time now, it appears our politicians and others who contribute to economic policy have had their brains replaced with sawdust.
You’ve heard of inflation, right? It’s that nasty little superbug that trivializes the dollar and devalues almost every asset worth having. In case no one pointed it out to you before, inflation is the direct product of our current monetary system. Yep, we’re choosing to kill the dollar.
Perhaps you’ve noticed that federal government tends to promise everything to everyone and never reduces the amount of money going toward a program or bailout. What do they do to make up the shortfall when cash runs low? Why it’s easy, print more money! That way there will be enough to fund everything.
Do we even need to point out how monstrously shortsighted that way of thinking is? Every extra printed dollar that flows into the economy devalues the rest in circulation. When you have the same basic amount of goods and services available for purchase but, suddenly there are more dollars to buy them with, you get what we have now – increasingly worthless dollars and a poorer standard of living.
Unless, of course, there was some way to profit from inflation. As a matter of fact, there is. Surf over to www.JasonHartman.com and we’ll teach about it for free.
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