Dear Readers,
Financial stability is difficult to come by these days. Governments around the world have printed trillions in their native fiat currencies, setting off waves of inflation and causing widespread economic turmoil. The average person is struggling to keep their head above water, so to speak, as incomes fail to keep pace with cost of living increases.
The thought that someone’s financial stability rests entirely on the actions of leaders in faraway government halls is startling. But truthfully, that has been the case for decades if not longer. The inability of governments to rein in their spending and balance their budgets has often brought economies to their breaking points, as evidenced by the large number of recessions and economic downturns over the years.
We probably shouldn’t be surprised. The idea that a few politicians and central bankers can make decisions with positive results for billions of unique people is rather absurd. And those same leaders don’t do a great job instilling confidence either.
Take Justin Trudeau, the Prime Minister of Canada, for example: He has repeatedly come under fire over the years for saying that budgets would balance themselves as long as governments were able to maintain economies in a constant state of growth. While he’s wrong about the need for government control, in a fiat world, he’s right about budgets balancing themselves, but not in the way that you think…
