A Quick Look At The Progress of Argentina: Dollarization vs. Financial Education? The Unfortunate Realities of The STRUCTURE of Most DEMOCRATIC Nations – February 24, 2024
The problem with private property rights for the COMMON MAN and WOMAN is that these same common folks can VOTE to hand all their power back to a politician with a slick sales pitch.
Politicians are glorified salespeople, selling humans on ideas of how they can use the government to STEAL for them. I can’t afford this or that, so I’m going to vote for this FAR-LEFT politician to raise taxes and regulations on “The wealthy” so that I can enjoy UNEARNED benefits that someone I don’t know or don’t like is supposedly paying for.
Democracy in actuality, allows immoral people to impose indentured economic and financial slavery on people they want to punish. The entire concept of property rights for the common man and woman is to defeat slavery, centralized power sources, royal entitled families, aristocracy, socialists, communists, and all forms of collectivism; that’s what Democracy would do for a MORAL people.
Immoral people will vote to make things STATIC, immoral people will vote for wealth redistribution schemes, which also means that immoral people will vote to make BANKRUPTCY of money and ideas ILLEGAL.
Once you outlaw bankruptcy, you get Cuba, Venezuela, or Argentina. You see, what made Argentina BANKRUPT was that instead of declaring bankruptcy, they’d create currency/”money” out of thin air.
Now, some will ague the United States does the same thing; yes, you’d be right; however, there’s still INTERNATIONAL demand for the U.S. dollar, and in case you’re not paying attention, this privilege granted to the United States, is destroying the U.S. internationally, because this demand for U.S. dollars equates to SPECIAL interest groups having full control over the U.S. media, and U.S. politicians.
So, although NOT having the world reserve currency might seem like a bad thing, it can actually serve as beneficial for the MORAL well-being of countries who have to not only live within their means but also craft FISCAL policies that are sustainable if the U.S. dollar standard fails.
So for some to argue that Javier Milei should do this or that, that’s easier said than done. I’m not living in Argentina, it’s unclear to me the common thinking in Argentina, however some may have voted for Javier Milei not for Liberty, Freedom and property rights, but for A QUICK FIX to a systematic problem that stems from immoral thinking.
When the Hebrews left Egypt, many quickly wanted to return to Egypt because FREEDOM from tyranny left them feeling uncertain. The Egyptian Pharaohs may have been brutal and stripped them of their liberty and freedoms, but… there was certainty in their lives.
For some people, they EXPECT corruption, for some they enjoy the drama show of FEDERAL politics. For most people, economics and finances are over-rated; many imagine that financial education should be left to the “experts.” This type of thinking in my opinion is the problem, we all use money, most of us want money, yet we want to defer financial education to the “experts”?
The mere fact that people want financial “experts” to do their thinking for them should TERRIFY you. If you’re unaware, financial education gives you a front-row seat to comprehending fiscal spending.
If I, the politician, say to you I’m going to charge a TAX on pollution, and I’m going to regulate it out of existence, and you’re financially educated, you’re going to know the IMMEDIATE damage it’s going to have my money, the countries economy, jobs, liberty, and freedom.
Most of the MODERN poverty in the world is due to PRIOR government regulations, but you see, you’d never know that if you allowed “financial experts” to do your thinking for you.
Most people CONFLATE financial education with POLITICS, imagining them one of the same, so if a financially educated individual uses words that “right wing politicians” use, then this financially educated person will be IMMEDIATELY labeled as “far right.” If the media is FAR LEFT, and the immoral people have been taught that the Leftists are the good people, financial education is immediately discredited by those lacking financial education.
Once POLITICAL speech is normalized, demonic government regulations start to become normalized, and that’s how you create the hyper-inflation problems in Argentina. If you’re not paying attention since Joe Biden was elected in the United States and Justin Trudeau in Canada, consumer price inflation has been accelerating, ask yourself why?
The answer Fiscal Spending and regulations on how the people can pay their taxes. First and foremost, taxation is theft, but Western democracies are so CORRUPT at this point that I have taught the reader how a government can generate revenue via taxes.
If I have a business, but I put RESTRICTIONS on how you, my customers, buy my products, I could see a serious decline in sales revenue. That’s basically how governments shoot themselves in the foot.
If, let’s say, most of my tax revenue comes from companies selling fossil fuel products, but I demand that these fossil fuel companies be phased out, well, then I’m destroying the revenue. But you see with the government, they have LEGAL TENDER laws, so let’s say the Argentite government destroys businesses that used to send it revenue, and instead of declaring bankruptcy, the government PRINTS MONEY, what’s actually happening is the the Argentine government is DESTROYING the value of money/PROPERTY.
Under a gold standard, the government can’t destroy gold; it can only dilute it and/or force it into hiding, but under a FIAT monetary system, the government has already NATIONALIZED the money supply, and therefore, the value of the money is based on CONFIDENCE, and this is what THIEVES do not understand.
If I’m a socialist and I put social issues ahead of finances and economics, nobody will want or have confidence in your CURRENCY. The Argentine peso is a game of hot potatoes. If I’m doing business in Argentina, I might buy just enough Pesos to do business in Argentina, but I won’t HOARD the Argentine pesos, and that’s a lot different from the U.S. dollar.
People hoard U.S. dollars, and people hoard Swiss Francs because the democracies of those countries appear stable; thereby, confidence in those countries’ currencies is strong. Now, if I’m to be honest, I’m not a fan of this system, but UNIVERSAL financial education at this point in human development is unrealistic.
So this is why some prefer Javier Milei and the Argentine government simply DUMP the Peso; however, in the end, it is Javier Milei’s government to decide what’s best; I’m not entirely sure of what’s going on behind the scenes.
What I will say is that now is a good time to get yourself financially educated. My journey of financial education begins with Rich Dad Poor Dad, a book written by ROBERT KIYOSAKI,
Interesting times ahead!