The inflation went down!

Two steps needed:

1) Get rid of the fiat monetary system and replace it with a gold-standard system.
2) Balance the federal budget and stop increasing the national debt.

I realize that it seems like me and only about a dozen other people agree with this. Well, I am an old fashioned old man, can be cantankerous, and I yell at clouds.

 

I have no use for either major party of the Duopoly. They are both responsible for this inflation mess. So far in the 21st century Republican presidents have presided over an $11.7 trillion increase in the national debt. So far in the 21st century Democratic presidents have presided over a $13.5 trillion increase in the national debt.

 

I refuse to let presidents off the hook. They are as responsible for things as the Congress, maybe more so, as over the past few decades the Congress has pass along more and more of their responsibilities to the executive branch so that they won't have to make as many decisions because, "We might not get re-elected. Let the executive branch handle it and if it goes well we can jump aboard and if it goes badly we can say, 'Don't blame me. The executive branch did it.'"

The two major parties of the Duopoly are all one big giant corrupt lump as far as I am concerned.

 

Ever read the Wizard of Oz?

Second, we would have to declare bankruptcy immediately upon going back to the gold standard. We have been living under a Ponzi Scheme since WW2 and the whole thing is about to implode.

 

No. I have watched the movie with Judy Garland in it.

Nope.

GTMP-ed4-eBook-1.pdf (newworldeconomics.com)

 

Yep.

 

The Wizard of Oz is a satirical story about leaving the Gold standard. Oz is the element sign for Gold. Dorothy followed the "yellow brick road" to the "emerald city" (fiat money) The wizard was all show but no substance. The wicked witch is from the West. The whole story is a satire.
The Wonderful Wizard of Oz and the Gold Standard

 

Yes, it would.

False. That was the Federal Reserve.

False. Worked for a long, long time before 1913.

False. if the main economy led the way, don't you think that others would follow?

Look, I am quite aware that I hold to a very minority position on economic and political issues. I am almost certainly too old to ever see what I want in either area to ever come to pass again in what is left of my lifetime on this earth.

 

The fed is definitely a giant pyramid scheme. A dollar has value beyond it's mineral value simply because "we decree its' value".
I would love to see the Fed Jack interest rates into deflation causing percentages. We are overdue a massive correction.
We must return to sound economic principles. People need to learn the hard way that debt is evil. I do feel sorry for the truly struggling, but those who live high on credit need taught a painful lesson.

 

Well, supposedly China is in the early stages of challenging the dollar with a gold backed currency. We shall see how that works.
A non metal backed currency is a perpetual tax on the investor and a perpetual tax break for the borrower. Screwed up system.

 

I totally disagree with what you wrote. I suggest you read the book I linked to earlier in this thread.

Do you espouse Modern Monetary Theory?

 

Yeah, it is amazing that so many people think that being backed only by the "good faith and credit" of a government makes for sound monetary policy.