The chin-scratching, fence-sitting, "all knowing" PhDs have spoken. Hide your wallet.
Did they issue concerns about inflation when the 10-yr UST was 0.52% in August 2021?
Nope.
In fact, 4 months later, the move in inflation was "transitory".
Structural inflation making back from the 2018 white papers to cleanse the lack of IT.
Amid the 'misery' of '70s inflation your lack of MMT penance does even begin to warm our heart.
If you think red or the blue straw will help you now, we will pray for you.
https://www.law.cornell.edu/constitution
Do not blame me that the squirrels chewed the wiring in sound money.
You are not forgiven.
The Constitution’s Five Monetary Rules
Read in conjunction with the Ninth and Tenth Amendments, and the obligation-of-contracts clause (Art. I, sec. 10, cl. 1),
we can identify five monetary policies that are constitutionally requisite in the United States:
The basic unit is the dollar, a silver coin containing 371.25 grains of pure silver.
Only gold or silver coins and currency (specie-backed banknotes) can be legal tender.
No state may issue coins or currency.
No one may counterfeit U.S. Government-issued coins or currency.
Fiat money notes (‘bills of credit’) are forbidden.
Federal Reserve Notes notes are bills of credit, which the Constitution forbids. Therefore, they cannot be legal tender.
Which brings us to the rule: Only gold and silver coins, and notes freely redeemable in and fully backed by such coins, may serve as legal tender in the United States. The Founders did not legislate this rule by accident, they put it in the Constitution knowing very well what they were doing.
Honest money is not just a good idea, it’s the law.
Definition: ‘Fiat Money’
The term ‘fiat money’ means currency with legal-tender status that is not backed by anything of value.
Thomas Jefferson giving an advance warning. An awesome foreboding it was, too.
"I believe that banking institutions are more dangerous to our liberties than standing armies,"
Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
In our State 180,000 it was noted are headed to join the growing homeless unable to eat and pay property taxes.
You are fools just as they warned you. Those plank they laid down are the coffin being filled. item by item you ignored it.
How I know.
We serve the infirm, aged and broken.
US is spending far more than it is generating. They are MMT thieves.
To put it another way, $35 trillion is more than the total economies of China, Japan, Germany, and the UK combined.
Rickards said the Fed's Hidden Asset is a gold certificate that will be used to back the Dollar once its collapsed. 1934
https://x.com/TheWuhanClan/status/18146 ... -step-down
https://x.com/HarrisonKrank/status/1814 ... -step-down
