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To: PGR88

“fiat currency”

I guess you are saying that fiat money allows unlimited growth of government and those who want to grow government are all leftists. And then those pro-massive government leftists hire more leftists in their own mold.

Right?


17 posted on 02/28/2025 8:20:53 AM PST by ProtectOurFreedom (Democrats who say ‘no one is above the law’ won’t mind going to prison for the money they stole)
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To: ProtectOurFreedom

LOL - yes 100% correct

And the means by which you get unlimited growth of government (and the self-serving political class at the top which enriches itself) is printed, unbacked money, from a central authority (ie. a political central bank) allowing for exponential growth of debt and the monetary base.

If evidence is needed, just look at how US deficit, debt and spending has spiked, particularly under the deep-state controlled Biden. And when the bubble bursts, and key political bases in places like NY and CA crash - the solution is QE and TARP to bail-out key financial and political players.

Its the 21st century version of Cantillon Effects

All this is impossible under a precious-metals backed system - or any currency that politicians do not control.

And that’s where the world is now heading!


20 posted on 02/28/2025 8:31:18 AM PST by PGR88
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