The Grand Theft of the People's Wealth
The Big Lie of "Modern Monetary Theory"
A friend in another forum sent along a liberal review of a book promoting the virtues of something called “modern monetary theory”:
"...Kelton [the author] busts through the myths [sic] that prevent us from taking action [that is, government spending more and more money]: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis."
Myths? That government has no need to budget like a household?
Amazing!
This is La-La land liberal - and dangerous - derangement and hallucination by the truckload - a psychotic repudiation of the ancient wisdom America was founded upon, a rejection of everything that is inexorably, unforgivingly, demonstrably true in the real world.
This nonsense is consistent with liberalism’s overall hostile orientation to truth and reality - the way things really are and really work. (You know… you know the thing… like men can get pregnant and your gender is whatever you think it is… take your pick from 81 options!)
Of course, Modern Monetary Theory (MMT) - a specious attempt to justify and legitimatize financial malfeasance and profligacy on the part of the federal government - perfectly serves the interests of the subversive, treasonous, America-hating left who stole their way into power in 2020. It gives them a blank check to spend whatever they want, on whatever they want, as long as they want, until the roof falls in - and it will. They need vast amounts of money to pursue their libertine liberal agenda, but, because taxation and tax rates are out in the open, they know the American people will not take kindly to or vote for the tax levels required to supply the unlimited money liberals want to finance their disconnected, levitating, wacko dreams.
Since liberals control the printing press, far easier - and far more subtle and deceitful - just to create out of thin air the money they want - thereby transferring value from the money the people hold and reducing the buying power of that money (the very definition of inflation). If you arbitrarily increase the unit volume of money in relation to the physical world of things with intrinsic value (assuming no relative increase or a lesser increase in those things with intrinsic value) you automatically decrease the unit value or buying power of the units of money. You may not understand the intricacies of this process, but you have experienced the painful consequences of it under the illegitimate Biden regime.
In just the few years since the corrupt left stole their way into power, we have all experienced the impoverishing impact of this colossal theft. Can you name anything you regularly buy that has not increased dramatically in price? (For example, I buy an off-label soft drink product at Walmart. For a long time (during the low-inflation Trump era) I paid 79 cents for a 2- liter bottle. Now it’s $1.49. That’s an almost 90% increase.) Unless your income is increasing faster than prices (mine isn’t), this is another way of saying you are poorer than you were - and not by a little. The Heritage Foundation calculates Biden’s inflation is costing American families $7,400 per year.
Unless it is rejected wholesale, the insanity of "modern monetary theory" - which, in essence, severs absolutely the relationship between money - which is supposed to be a representation of value - and things in the real world that have intrinsic real value - like food, clothing, housing, fuel, medicine, etc. - and frees government to create and spend as much funny money as they wish without limit - will, as it is presently in process of doing, drive the nation into the ground fiscally (spending money) and monetarily (printing money).
Along with its spiritual equivalent - what might be called the "new intellectual, moral and spiritual theory" universally embraced by the intellectually, morally and spiritually corrupt left - a wholesale, Godless rejection of the Judeo-Christian intellectual, moral and spiritual tradition America and western nations were founded upon - will contribute greatly to the end of America as a free and prosperous nation.
Enjoy the seductive, drugged high of fake money while you can, but the reckoning, the agony of withdrawal, is coming in the morning...
You can't fool Mother Nature...
The Great German Inflation of 1921-23 - Burning Worthless Money for Fuel
The referenced German inflation, by the way, went a long way to greasing the skids for the subsequent rise of Hitler and the Nazis and the horrors of war they inflicted on the world. What would happen in the world if the US Dollar suffered the same fate as the German Mark? Since the Dollar is worldwide currency, so would be the ramifications of a dollar collapse.
“Those who do not learn from history are doomed to repeat it.” - George Santayana
Still, as scripture says, “If ye are prepared, ye shall not fear” (D&C 38:30)
Bought your gold and silver yet?
Right vs. wrong, truth vs. lies, reality vs. fantasy, law vs. lawlessness, order vs. chaos, light vs. darkness, good vs. evil, God vs. the Godless…
Time to choose… you will, like it or not…
If you can be fooled, you will be.
These are the times that try men’s souls…
Torquemada