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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: bart13 who wrote (86548)	1/28/2012 3:53:08 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 217986

Yes, on the way up, everyone is "rich". Government receipts are booming as capital gains taxes, other taxes, plus inflationary dilution all contribute to the fun. < they've gone done hugely. > I have a book sitting beside me called "Paper Money Collapse" - 'the folly of elastic money and the coming monetary breakdown' by Detlev S Schlichter which is very good for describing the problem and the outcome. Nevertheless, if government spending as a share of the economy did not increase, then dilution of a government-run fiat currency would indeed be a permanent low cost way of maintaining a tax base. Just as it has been for 100 years. Unfortunately, government spivs being as they are, they are never satisfied and keep on wanting more more more - a bigger share of the pie and they increasingly spend the money not on roads and other common property of benefit to all, but on self-dealing self-aggrandisement, and the easy life. A small royalty on running the money supply, like small royalties for conducting any business, are not detrimental to the continuation of that business. Any business needs a profit. Mqurice

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