Why do you suppose Congress tends to pass legislation over Christmas? There are many reasons.

Politicians love to be loved. Nothing strokes the ego more than people thinking you’re Santa Claus on Christmas, handing out billions of dollars of Other People’s Money.

But the biggest reason is because it’s easy. People are busy doing Christmas. The last thing they want to do is contact their representatives over a bill. And they don’t want to hear from naysayers and Grinches, who try to ruin Christmas by complaining. It’s free money after all, and it’s Christmas, so just shut up and enjoy it. Pass the Egg Nog!

For the 20 people left who are reading this email, consider the monstrosity just passed. It was 5593 pages. That’s 4 times the length of the Bible, and Congress had a weekend to read it. Yet the only part of the bill any of them know anything about is the pork they personally inserted in it, and that’s enough for their “yes” vote. Just 6 Republican Senators voted against the bill, which means 47 Senators are mere RINOS, Republican In Name Only.

No government, anywhere in the world, at any time, ever perpetrated upon its citizenry a greater fraud than is practiced in the United States of America today. Whether the practice is by intent or in ignorance does not alter its evil consequences.

The above words were written in 1950 by renowned economist Dr. Paul Poirot in his book The Pension Idea. 70 years have proven the case beyond doubt. Only by plundering the product and property of others can a government proffer “security” to some of its citizens. Government progressives often promise only to plunder villainous groups like “billionaires” or fossil fuel companies – a lie for certain – since those groups have nowhere near the amount of property required by government to fund their myriad policies and pet projects. 

But both progressives and so-called conservatives really prefer the bigger lie, that there is no theft of private property at all. “Modern monetary theory,” “quantitative easing,” and for the less sophisticated masses (sarcasm intended), “printing money” are offered and readily accepted explanations for the magic of creating money out of thin air. People cheer, the markets respond. We brag about how well our stocks are doing.

But there is theft. In Poirot's day, the "others" he referred to were people who were unwillingly stripped of their property (money), only to have that property redistributed to others via the government. Today, since everyone is getting free money, the beneficiary is the present and the victim is the future. The Government - Democrats, Republicans, and the President, are all selling out the future for the sake of the present. The "future" is our kids.

Do we hate our children and grandchildren this much, to pretend that this is desirable public policy?

Back to Poirot’s writing, these inflationary dollars destroy the value of other dollars which individuals have saved… private effort to conserve a part of the earnings of productive years as security against inability to produce in old age.

In other words, the trillions in fiat currency created this year has reduced the value of all your other money, including your retirement. There will be less value to pass on to your children and grandchildren. Since we are plundering the future for the sake of the present, the bill for our recklessness will, to a greater extent than to ourselves, be paid by our children and grandchildren, and experienced as more hardship, a lower quality of life, less freedom, and less hope. As the government takes more control of the economy and consolidates its grip on its citizens, the process will accelerate, just as it has between 1950 and today. Is this OK with you?

A sound financial portfolio absolutely must protect you – and more importantly your children and grandchildren – against currency inflation and oppressive taxation, as well as several other factors that are not addressed in mainstream investment strategies. Would you like to know how to do this? Better yet, would you like to know how to take advantage of these national and global disasters? Rather than hoping the government will solve our financial problems – an outcome as likely as winning the Mega Millions lottery – learn how to capitalize on the mistakes, without taking unnecessary risk. They are far more numerous!

Rand Paul’s speech condemning the Stimulus Bill

Tax-Free Income for Life  for sale on Amazon and other places

Get Ready for the Return of Inflation (Wall St Journal, requires subscription)

Congress Taxes our Children another $800,000,000,000. Citizens Celebrate – December 2020 (Pdf Download)

* Dividends are not guaranteed. However, companies we use have paid dividends without fair for more than 100 consecutive years.

Disclaimer: This newsletter represents the opinion of Arieff Consulting, Inc, and does not constitute financial, tax, or legal advice.