On the topic of Magic and Illusion The Illusion: the full faith and credit of the US Treasury rests on its ability to issue bonds backed by a promise to tax working people -in the future- and repay those bonds with actual value. Spend money now and demand actual value now, but it will be repaid with actual value in the future(paid for taxation.) What our government actually does, and what many claim has no consequences: The US Treasury prints a 1 with 12 zeros on a piece of paper. (It might be many pieces of paper, but not important.) The FED accepts that piece of paper, backed as it is by 'the full faith and credit of the US Treasury' and assigns current accounts to the US Treasury, which it can now spend in the value creating economies, either directly or indirectly. It carries those assigned current accounts, based on the printed piece of paper, and demands actual value from the value creating economies and those who create actual value. (It also does the same thing with taxes.) In the future, when those bonds come due, the US treasury prints a 1 with 13 zeros on a piece of paper, does the same thing, pays off the old bond, but now has fresh new demand current accounts. It goes out again into the value creating economies and demands actual value from those who create actual value in the value producing economies. It does the same thing with taxes. When Congress blithely 'increases the debt ceiling', it is authorizing the painless printing of additional zeros on pieces of paper. What the nation experiences - not in the future, but immediately, as the funny money is 'spent' - is the sense of working harder and receiving less value from the economies. Unless you can position yourself very close to this tsunami of valueless cash coming from the painless printing of zeros on pieces of paper, you will find yourself on the value producing end of a parasitic scam, where value-less dollars rain from on high and run downhill, stealing value from the value producing economies. Notice that there is little difference between direct taxation and the painless printing of zeros on paper bonds, as far as the value producing economies are concerned; they provide the actual 'value' whether the government 'spending' is funded from direct taxation or from zeros painlessly printed on paper bonds. The same people who produce the value also fight and die in the wars, while the same people who appropriate the value for nothing but painlessly printed zeros on paper - who buy votes and power with their ability to painlessly print zeros and 'run the Economy' and wars from the safety of subsidized Georgetown Bistros-benefit from it all as if this new Serfdom was the real life version of The Hunger Games. This parasitic rot from above is the new insidious 'socialism' in America, which has found a way to limitlessly (as if Congress ever refuses to raise the debt 'limit' when it simply needs more money to hand out)find new ways to ride value producers, like a parasitic disease. There is no 'fixing' this parasitic disease. That is human nature. The infestation is dug in like ticks. What remains is to see this scam for what it is, and to shrug. To not support it. To resist in place. To hide in plain site. To create as little excess value as possible. To employ none. To not support the new Serfdom. Ie, the new economies. Which are the human nature response to human nature run amok. The parasites believe that they can always confiscate ever more zeros on paper via taxation, mainly because they never once, in all this confiscatory gluttony, ever once understood the nature of value. They are all about the value-proxies. 'Record' stock prices scored in units of value-proxies, not value. Zeros = Zeros. And then what? It isn't necessary to dig deep looking for a cabal of value manipulation; it is being done in plain site, with most of us(not here but in the nation at large) arguing that there is not only no consequence to Congress blithly raising the federal debt ceiling, but that 'of course' Congress should do that. In such an environment of offically sanctioned government criminal actions as 'normal and proper and necessary to the functioning of needed government,' I can find no basis to criticise the extra-legal activities of anyone trying to live out their lives in this tribal cluster fuck, including bankers, traders, and welfare queens gatering up their extra $50 of lobster tails in their little shopping carts while connected cronies along the CronyFest on the Potomac are raking in billions of purloined value from the value producing economies, all under the banner of 'Running The Economy' as if we were the failed USSR.. Regards, Fred
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