Money printing and debt is just the most beautiful scheme invented by governments to make ends meet and give the people whatever they want. In this perfect system, it makes not the slightest difference if the budget doesn’t balance. Conventional methods of increasing taxes or reducing government expenses is old hat and totally unnecessary. With modern methods, such trivial problems are solved by the printing press. More social security, more guns or major infrastructure projects; whatever is required there is money for. Because printing presses have no limit. And with computers, a few zeros can easily be added. The problems in the HC Andersen saga “The Emperor’s new clothes” don’t exist today. At that time, they had run out of gold in their coffers and therefore the emperor had to go naked. Today no president must be naked since the printing press can dress both him as well as all the people. And after he has finished his term, his banker friends will use him so he can earn...
from GoldBroker.com https://www.goldbroker.com/news/gold-has-no-place-in-a-modern-monetary-system-1030
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