It's called money, but it's not. The 50 billion is currency, or more
accurately fiat currency. It is funny money by government decree. The
government says its money, so it is, they want us to believe.
It's currency created out of thin air: printed on presses or by computer
key presses as credits on the Federal Reserve balance sheet. Real money
died in 1934 for U.S. citizens and in 1975 for the rest of the world. Real
money was gold and silver. Real currency was convertible at fixed,
standardized rates of exchange at your local bank. Your local bank no
longer has even one silver dollar to exchange for your paper dollar. The
banking system, in fact the U.S. Treasury itself is a house of cards, ready
to collapse at the whim of debt-holding nations like China or Saudi Arabia.
That is the reason Mr. Obama cowers to them - they have the power to
destroy us within months without firing a shot. The President knows he can
print all the watered-down currency he wants, but he can't figure out how
to print even one troy ounce of real money, gold.
We were damned fools to elect a string of Democrats and Republicans to
office, culminating in Mr. Obama who will go down in history as
administering the coupe de grace to this once invincible Country by
drowning us in red ink. We have an idiotic electorate who vote 98% for
Democrat or Republican incompentency. Haven't they heard of the other
parties, namely the Libertarian Party that would restore discipline to our
failed monetarized system? Only a devaluation of the currency, 100%
precious metal backing a 100% balanced budget, disbanding of the IRS, and a
cash-and-carry consumerism can save us. You will see national
self-sufficiency return and a balanced trade zero-deficit, all without
protectionism. Have real money? Okay, buy something domestic or imported.
Have not? Save until you do. Utopia, here we come. Some musical talent
out there, make a parody tune to the melody of Al Jolson's "California,
Here I Come."
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