The Deep State Money Manipulators

Here We Go Again!  They’re Cranking Up the Printing Presses!

Both Fed money-printing and federal debt are evidence of severe character deficiencies among the American governing classes.

Fed money printing is a slap in the face of normal, healthy human interactions. Civilization is built on the implicit understanding that one may achieve his own ends by serving others. The butcher does not eat all that meat himself. The baker does not need all that bread. The candlestick maker has no use for all those candles himself. The things people in all their diversity want in satisfaction of their personal objectives are most readily achieved by the earnings they derive from providing goods and services others want, giving fair value for value received. But the proponents and beneficiaries of money printing are involved in a brazen attempt to take something for nothing, to acquire purchasing power by monetary manipulation, for which they provide nothing in return.

It is much the same with government debt. It allows for present consumption, while shuffling the bill off to future generations. Normal, healthy people try to leave something to their children and grandchildren. The framers of the Constitution wrote that their aim was to “secure the Blessings of Liberty to ourselves and our Posterity,” for those to come. But a perverse generation burdens little children who have no say-so in the matter with debt that they must bear all their lives at the expense of their own prosperity.

The founders created the conditions for an explosion of human prosperity. Our governing classes and monetary authorities are their opposites. They have created the conditions for an explosion of impoverishment.

– From REAL MONEY FOR FREE PEOPLE: The American Gold Story by Jim Clark.