How many times have you wished you could print money to pay your bills like our government does? Wouldn't it be great if you could? Of course, we are not allowed to print our own dollars to pay our bills like the government does to pay its bills.
Whenever private citizens do print money, it's called counterfeiting. When the government prints money it's called funding. Either way, whoever prints it, paper dollars are still worthless pieces of paper.
The only reason paper dollars remain in demand is people still trust them. Most of us have "faith" the dollar has value, when in truth no value exists.
At one time in our country's history, paper money actually had value. Called Certificates, Every paper dollar was redeemable in silver or gold at any bank. Those days are long gone.
Today, paper dollars created by the Federal Reserve System are called Debt Notes. They're called Debt Notes because that is what they are. Each Note has an outstanding debt owed against it which must be paid back with interest.
Since our government spends what it does not have, it must borrow from the Federal Reserve ever-increasing amounts of Debt Notes to remain solvent. It can do this only by rolling over old debt (including interest) into new debt.
This in turn creates ever-increasing amounts of debt which can never be paid back. There are simply never enough Debt Notes in circulation to pay back what is owed against them.
Consequently, the Federal Reserve System is a classic Ponzi Scheme made legal by an Act of Congress back in 1913.
It is an ever-growing mountain of debt and paper Debt Notes in circulation that creates monetary inflation. This mountain of debt and paper Debt Notes has been growing for over 40 years. It cannot continue much longer.
The time is very near when, by rule of monetary order, this Ponzi Scheme will implode, and the dollar will collapse on itself.
Politicians cannot stop the collapse or prevent it from happening. So it is incumbent on each of us to do what we can to prepare while there is still time to do so.
When the collapse occurs those left holding paper dollars, and dollar-based paper assets will suffer the greatest. 401Ks, Stocks, Bonds, IRAs and the like will become worthless overnight. And that's just the beginning.
We will wake up one morning and find we are in a very different world. Few people will have the where-with-all to make it through this mess unless they are prepared ahead of time going into it.