7/15/2019: This from Liberty Coin Newsletter/Frandor, MI.
“At some point in the future, and it may not be that long, the American economy
is facing a huge financial crisis. The value of paper assets such at stocks, bonds,
and currencies will plummet. This economic pain will not be inflicted on federal, state, and local governments and government school districts, but on the nation’s taxpayers and citizens.
Why?
Simple.
Governments ultimately do not have any assets of their own. The only assets they can use to pay for things come from the people through taxation, inflation of the money supply, and borrowing. (Which, by the way, means that when people advocate government spending, they are really advocating taking away more assets from taxpayers and citizens.) When governments take away more assets from the private sector, that means that the citizens’ standard of living goes down.”
