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<p>[QUOTE="johnyb, post: 3833195, member: 81761"]Rather than living within our means, we the people and our revenue-hungry government have milked a cash cow dry, and find ourselves far shorter of meeting our obligations than in times past.</p><p><br /></p><p>All of this silliness began in 1964 when, with the abandonment of real money (end of redemption of silver certificates for silver, and the end of coinage in silver, excepting 40% silver half dollars for a further 5 years), the "money tree" of absurdly high seigniorage was created.</p><p><br /></p><p>Unshackled from the need to have bullion reserves to back the dollars released to the money supply, the government could print / mint as much as it desired, and do so without raising any eyebrows (there were some skeptics, but very few). I was 4 years old then, and knew nothing of what was going on at the time.</p><p><br /></p><p>Fast forward to today . . . All of the revenue hungry programs created over the last 50 years have picked that money tree clean. The feds have exhausted all creative ways of hiding their self-centered mismanagement of the government's finances.</p><p><br /></p><p>Self-centered mismanagement? Really? . . . Yes, instead of refusing to fund much of what we were asking for, like a spineless parent indulging a loud, spoiled brat at the candy counter, they gave us what we asked for in order to maintain their cushy DC existence.</p><p><br /></p><p>Nearly all politicans, regardless of party affiliation, are guilty of selling us out . . . of not doing their jobs. They were supposed to be the adults in the room, but they played the game . . . all to remain in power.</p><p><br /></p><p>So here's to everyone out there, including you, and yes, me too . . . gold Mercs, Walkers, Morgans, beanie babies and other foolishness to support our profligate ways are pretty much what we asked for . . . and now we've got them![/QUOTE][/QUOTE]</p><p><br /></p>
[QUOTE="johnyb, post: 3833195, member: 81761"]Rather than living within our means, we the people and our revenue-hungry government have milked a cash cow dry, and find ourselves far shorter of meeting our obligations than in times past. All of this silliness began in 1964 when, with the abandonment of real money (end of redemption of silver certificates for silver, and the end of coinage in silver, excepting 40% silver half dollars for a further 5 years), the "money tree" of absurdly high seigniorage was created. Unshackled from the need to have bullion reserves to back the dollars released to the money supply, the government could print / mint as much as it desired, and do so without raising any eyebrows (there were some skeptics, but very few). I was 4 years old then, and knew nothing of what was going on at the time. Fast forward to today . . . All of the revenue hungry programs created over the last 50 years have picked that money tree clean. The feds have exhausted all creative ways of hiding their self-centered mismanagement of the government's finances. Self-centered mismanagement? Really? . . . Yes, instead of refusing to fund much of what we were asking for, like a spineless parent indulging a loud, spoiled brat at the candy counter, they gave us what we asked for in order to maintain their cushy DC existence. Nearly all politicans, regardless of party affiliation, are guilty of selling us out . . . of not doing their jobs. They were supposed to be the adults in the room, but they played the game . . . all to remain in power. So here's to everyone out there, including you, and yes, me too . . . gold Mercs, Walkers, Morgans, beanie babies and other foolishness to support our profligate ways are pretty much what we asked for . . . and now we've got them![/QUOTE][/QUOTE]
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