Debt monetization

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Debt monetization is when the government pays off debt via the process of printing more money to pay its creditors.[1] Debt monetization leads to inflation.[2] According to Richard Fisher the President of the Dallas Federal Reserve Bank, "Throughout history what the political class has done is they have turned to the central bank to print their way out of an unfunded liability.[3]

Fiscal conservatives and libertarians complain that it is larceny on the grand scale.[4] Rather than a government repaying what it has borrowed, when a government monetizes debt the a government merely prints up extra currency and uses it to pay its loans.[5] When a government debt monetized is it is transformed into an increase in the money supply which decreases the value of its money.[6]


Contents

Quotes

C.S. Lewis wrote:

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber baron]]s than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. [7]

Incremental Gun-Grabbing of the Nanny State

Liberals and socialists support "common sense" measures - a "good first step" of the Nanny State. To a citizen-prepper-patriot and to the Bill of Rights, this is "death by a thousand paper cuts".

This Second Amendment Foundation video is the formal response to Hollywood's Demand a Plan gun-grabbing propaganda video. The video shows one of the main differences between liberal gun control Nanny states (Blue states) and conservative and/or libertarian Second Amendment-supporting "free states" (Red states). This video shows why we vote with our feet:

[1]


If I Wanted to Save America

Jack Spirko of the Survival Podcast responded to a shocking video called "If I Wanted America to fail".[2]

Jack answered with his podcast on "If I Wanted to Save America" (http://www.thesurvivalpodcast.com/help-spread-the-word-and-share-if-i-wanted-to-save-america): TSP Episode 890 - Listener Calls for 4-27-12.

[3]

[4]

For one's long-term survival from the threats of the Nanny State-Police state, Jack Spirko created Walking to Freedom. Walking to Freedom is a libertarian initiative by where sovereign citizens are encouraged to pull up stakes and move from the tyranny of the Naughty states to a more open and free state -- to vote with their feet through strategic relocation.

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