Making You Poorer to Control You. Honest Money is the Key to freedom. By Daniel Lacalle

Honest money is synonymous with gold. From Daniel Lacalle at dlacalle.com:

The middle class in all developed economies is disappearing through a constant process of erosion of its capacity to climb the social ladder. This is happening in the middle of massive so-called stimulus plans, large entitlement programs, endless deficit spending, and “social” programs.

The reality is that those who blame capitalism and free markets for the constant erosion of the middle class should think better. Massive money printing and constant financing of larger government size in the economy with new currency have nothing to do with capitalism or the free market; it is the imposition of a radical form of statism disguised as an open economy. Citizens who hail the latest government stimulus plan fail to understand that the government cannot give you anything that it has not taken from you before. You get a $1,000 check, and you pay three times over in inflation and real wage destruction. That is why a group of economists and experts have launched the Honest Money Initiative. To stop the destruction of the fabric of the economy, the middle class, and businesses via constant debasement of the currency that governments monopolize.

Continue reading

One response to “Making You Poorer to Control You. Honest Money is the Key to freedom. By Daniel Lacalle

  1. Food Is A Weapon's avatar Food Is A Weapon

    Kind of hard to organize and revolt when the belly is growling.
    Saw a Jedi level dumpster raider at the Sack-N-Save earlier.
    There were boxes of foodstuffs lashed to the top and the tires were dragging with one of the wheel wells stripped down so there would be no rubbing.
    Living the Bidenomics dream.

Leave a Reply to Food Is A WeaponCancel reply