- "In all things, moderation."
There are many references to the above words of wisdom. Some say it is attributed to Aristotle. Two Roman playwrights use the concept. Even in the short history of the US, wise men like Ralph Waldo Emerson have stated the expression. We, at Evolution love it. We believe it is a tautology. If you eat too much, you become fat and obese. You will suffer with diabetes and die! If you drink too much, you vomit. You slowly destroy your liver. You will suffer and die!
At the moment, the US Federal Reserve is printing money in an excessive fashion. This will slowly kill the purchasing value of the dollar. People will suffer economically. Eventually, the dollar will lose its reserve status. When this happens, inflation will destroy the dollar. It will die!
Just follow the progression of the madness of the Federal Reserve since its inception. A shout out to Doug Casey for this data. Note, that during its early years, it kept a lower profile as it still had opposition in Congress. Today, they both sleep in the same bed.
It took 80-years to print and reach $1 trillion (1913-1993). This wave of money takes time to digest. It took just 18-years to reach its $2 trillion (1994-2011). Running deficits in trade, the world uses $s. It took just 5-years to hit $3 trillion (2012-2016). Excess dollars has less effect in stimulus. It took just 4-years to add one more. $4 trillion (2017-2020). Declining impact of stimulus dollars. Finally, the Fed reaches $5 trillion in only four months (Feb.2020-May 2020). World has excessive dollars. It follows the above words of wisdom and rules of economics. When you expand the money supply, you make money have less and less an impact and value. The economist, Ludwig Von Mises predicted central banks would do this with fiat money. The process destroys the currency and then, the confidence of the nation. This makes it worthless in value.
Election Year
The candidates make many promises. Sometimes, they do things that they did not even think about. Social Security was actually started as a pension plan by the German chancellor, Bismarck. In time, it came to be believed that this idea was attributed to a new philosophy known as "Socialism."
The problem with critics is that they label things rather than thinking if an idea is good or bad. This is a great idea, however it it still opposed by many. They have no compassion. Anyway,
FDR used the concept after his first term. He applied the principle to US politics. He was opposed by the Republicans. You won't find one GOP who opposes it today. There are still critics who say it is nothing more than a Ponzi scheme. They say it will run out of money. These are the same people who opposed it when the idea was introduced. They hide under shills. It will not run out of money and it is not a true Ponzi con. It is a tax that US workers pay into for present users. In time, they will reap the benefits. Yes, there will be periods of shortfalls due to demographics, however the plan works. The real problem is politicians raid it for many other uses. There is actually no money in the system. The government spent the revenues of social security on other bills. The system has IOUs from the government. The problem is the government spends too much and the Federal Reserve prints too much. Their actions are reflected in the purchasing power of the dollar through social security over the years. This is the ultimate signal for our government to end reckless spending. They should start by cutting the military budget in half. I will start with 1950. Our nation started to get too involved with affairs of foreign nations. This is one of the dangers that our founders discussed and agreed, it is not prudent.
The military machine that saw so much money from WWII wanted to keep its hold on power and money. They are not defending our nation, but bankrupting it. I will show the medium check received by recipients and applied to cover shelter with a one bedroom apartment. One other aspect. When the plan began, workers were paying with gold backed dollars. You will see how strong the purchasing power of that dollar. No one is alive to tell us the dangers of the Federal Reserve and excessive government spending. We only have the data.
* 1950: $43.86 = This covered rent! * 1960: $74.04 = Still enough for a one bedroom rental. * 1970: $118. = Check more than doubled in 20-years. Still covered rent. * 1980: $341. = Check doubles again in just a decade. The increase is needed to cover higher rents. * 1990: $602.56 = Check almost doubles again. Difficult to find affordable rental, but still possible. * 2000: $844.48 = You cannot live on this or find a rental this low. You live in your car. * 2010: $1175. = This makes you homeless and starving. You no longer can afford a car. * 2018: $1461. = Last known stat. System has failed since the 1980s. Non-believers and critics point out that the plan was never intended as a full retirement plan. It is a supplement. We say that the money provided is more than enough, but the reckless Federal Reserve and policing the world has destroyed the purchasing power of "King Dollar." Another reason to End the Fed! & End foreign entanglements!
