Dakota Beacon

 “And I sincerely believe with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of “funding”, is but swindling futurity on a large scale.”  - Thomas Jefferson

Would you buy a better health insurance policy and charge the monthly payments to your 17 year old grand-daughter’s newly acquired credit card? Probably not... even WITH her approval. What if the Federal Reserve, our central bank, printed brand new paper dollars for your congressman to pay out monthly to your health care insurer in return for your vote in the next election... and added the cost to our national debt to be paid at some point in the future by your granddaughter or her heirs? Your granddaughter would probably never make the connection between your congressman’s generous gift of health insurance and her generation’s debt.

This is what devious politicians have bet on until now; that newly eligible young “democratic socialist” inner-city voters would come out in droves to vote for “free stuff”. The problem for such politicians is this... young inner-city voters are mostly too busy protesting, rioting and shooting Each other to ever give a damn about voting. And paying them to vote, absent a worldwide pandemic, may be too risky... even for mafia union folks.

Fortunately, mature adults usually ask the “who will pay for it” question, avoiding many massive new government ponzi schemes...but not all of them. Dirty little secret: Some Republicrats play the ponzi game. So believe voting records, not promises. And don’t be hesitant to remove incumbent RINOs when they reveal themselves.

Hint: YOU have to pay attention to how they vote when in legislative session. By the way, do you think that only Democrats (including media and academia) may have benefited from electronic voting machine frauds?

Why do you suppose that so many Republicans have no interest in running down election frauds of the past and present? The elites in politics are likely laughing behind our backs at our lack of curiosity while offering “speeches only” on election integrity and censoring
opposition voices.

The Great Reset and Modern Monetary Theory

Enter Modern Monetary Theory. MMT has already been adopted by governments all over the world and is the central strategy for transforming the global economy from “shareholder capitalism” to “stakeholder capitalism”. If you think I’m talking about “Government Motors”, you’d be correct! After the “Corporate Elite” have raised salaries and benefits well in excess of what the market can bear, received their golden parachutes, and a company is bankrupt, Uncle Sam swoops in and wipes out the shareholders, giving their interests to the unions. In the case of General Motors, “Workers of the World, Unite” (the worldwide slogan of communism) actually came to pass! And government motors will repeat past errors of management; GM has already committed to setting a deadline for all automobiles they make being electric. Good luck with that boondoggle! Next time, GM is HISTORY; and you and I will be the protesting activists in DC that DEMAND IT!!

Under MMT, taxes serve a very different purpose. Instead of being used to raise revenues to pay for government spending programs, they function as tools that help politicians manipulate the economy...as weapons to punish those businesses and groups that government does not like, i.e., those pesky “Taxed Enough Already” (Tea Party) activists.

Why is printing money necessary to pay for deficit spending, you ask. Because under MMT, inflation is the warning sign of overspending, not deficits. And the cure is to raise taxes so individuals cut back on spending to make way for government spending. Put another way, under MMT, the government would battle inflation by removing wealth from individuals, including the middle and working classes. Under MMT, taxation is a way to redress decades of “rising inequality of outcomes” (as opposed to “inequality of opportunities”). And deficit spending and associated printing of money is “needed” to wipe out student loan debts, mortgage debts, auto loan debts, and credit card debts of American households.

The Federal Reserve in the United States is eager to get in on the fun! On February 28, 2021, Fed Chairman Jerome Powell said exploring the creation of a central bank digital currency is a “high priority project for us.”

What a great idea; replace (after first supplementing) the U.S. Dollar with a crypto Dollar. Replace the integrity of the U.S. Dollar with an unbacked digital fantasy that will be useful to repay our foreign debtors with. That’ll increase foreign investment in our economy...NOT.

For those of you that have not quite yet comprehended the Great Reset and Modern Monetary Theory, I encourage Glen Beck’s “The Great Reset”. We have a lot of backtracking to do!

Love = Work + Courage