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To: Pontiac

My sense is they are not taking more from you, but printing bucks out of the blue. They have to go somewhere. They don’t disappear when spent.


9 posted on 05/07/2021 7:05:12 PM PDT by Fester Chugabrew (No audit. No peace.)
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To: Fester Chugabrew
My sense is they are not taking more from you, but printing bucks out of the blue. They have to go somewhere. They don’t disappear when spent.

Every dollar created out of the blue is an invisible tax on anyone who holds or earns dollars.

This is the beauty of the concept of the Petro-dollar and why the US defends the practice with extreme violence when it is challenged.

The Petro-dollar permits the US government to tax the entire world by creating dollars out of whole-cloth. Thus is US inflation shared with the entire world.

When, eventually the Petro-dollar ends and all of the US dollars held as hard currency overseas comes flooding back to the our shores inflation in triple digits or greater will be realized.

11 posted on 05/07/2021 7:19:11 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spiritL)
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