The 1-2-3 "Basics"
to fill in the comprehension void
by Walter Burien - 06/06/10
1. Those "rainy day funds" are a titled misdirection. In comparison
with other funds held they are but the change jar you keep for your
pocket change in.
2. For those that say the dollar is just
paper and has no worth is like saying there is no water in the ocean. A
currency is but a barter tool to acquire hard assets. Corporations,
land, etc.. Well, those dollars were used by government one
bit at a
time over decades to obtain "ownership" of those hard assets.
So if our currency
changed to another, or even if blue rocks were
designated as the bartering tool, the bartering tool is not important,
what is important is "Who" walked off with all the marbles at the end
of the barter.
3. If
I said: "You give me $100 a day and I will return $90 a day to you,
does that seem like a fair deal to you? You would jump right
on that
deal correct? I don't think so..
Well, government has been doing the same thing with you since 1945 and
then taking that extra $10 each year and investing it (acquiring
ownership of it all one bit at a time) The private sector has been
competing with government and losing every time.
Now to add insult to injury: "The illusion of Government Debt" Well,
they needed a place to put that extra massive investment wealth
building each year, so: Government promoted /justified debt at the
front door and then funds it with their own investment assets through
the back door- http://CAFR1.com/DEBT.html
Years ago when I confronted the manager of the Missouri Finance
Authority on that issue, his only reply was: "Look at what a
good
job we are doing managing the public's funds, we got them a quarter
(1/4) percentage point lower than they could have gotten from the
private sector."
That was true but was the real motive in part taking over ownership of
one aspect of "it all" through investment?
Keep in mind there are several areas of investment: Domestic and
international; equities (stocks, bonds, cash loans); and real-estate
(apartments, condo complexes; office buildings; etc.)
Government in collective totals has been locking in their ownership
thereof each year now for over seventy years one bit at a time. Just
remember there are only so many nickels in a dollar and government in
its collective mass large and small has been locking in their 5% each
year now for how many years?
Per this issue of: "Silence is Golden" the silence with all things
being considered is getting lethally deafening.
Walter Burien - CAFR1
__________________________________
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