The Hidden Tax

Bloomberg recently commented that the total estimated bailout spending at this point is $12.8 trillion. That is $36,5000 for every man, woman and child in the US.

This is the hidden tax that the politicians don't tell you about. They don't have to raise taxes to spend money, no, they just print more out of thin air. They then funnel that money back to their home districts, make the voters happy, and get reelected for another term. Sweet deal, huh?

Income taxes are NOTHING compared to the hidden tax of deficit spending. We need to remember that this debt is owed to the rest of the world by each of us, NOT our government. They are borrowing money and signing our names on the loan agreement.

The "loan contract" that the rest of the world holds is our dollars, and they all know that at some point we will default on our loan, at which point the dollar/loan contract becomes worthless.

Then, every person or institution in the US that has stored their wealth in cash, banks, insurance companies, mutual funds, pensions, 401(k)s, IRAs and/or government bonds will lose that wealth.

Foreign governments know this as well, and are already secretly unloading dollars for gold in preparation for that day of reckoning. This day may still be a few years in the coming, or it may be tomorrow, but it WILL come. It is inevitable.

This is why our government continues to tell our citizens that "all is well," because if the sheeple ever find out the truth, the dollar is doomed. People will rush to gold, the govenment's funny money game will be over, and the politicians will have to go find real jobs. That is assuming they aren't lynched first.

So, don't forget the Golden Rule ..... He who has the "gold" makes the "rules."

Got gold?