Our government has been playing fast and loose with the US Dollar for a while now, but seems to have gotten pretty bold with it since 9/11. Regardless of tricks like the one you describe or simply how they have been forced to encourage inflation, the math WILL catch up with them. I just can't accurately describe when. Both sides of the aisle have been spending like drunken sailors for years and it has been getting worse.
Quote:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.
Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage.
|
The Decline and Fall of the Athenian Republic, published in 1776. Sir Alexander Tytler
. . . as far as being blind is concerned, cognitive dissonance is a powerful force. People would like to be "right" more than they want the truth. Helps with political parties, religions and all kinds of things including ignoring simple math. They want to absolve themselves from blame and after this thing blows up be able to tell themselves that they were lied to and it is not their fault. They can do this somehow despite the information they need being RIGHT IN FRONT OF THEM.