Nayib Bukele had this important message to share about the US dollar at the latest Conservative Political Action Conference (CPAC).
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Nayib Bukele: They always tell me that the problem is high taxes, but they’re wrong. Of course, high taxes are extremely high, here in the United States, I give you that. The real problem is not the high taxes, themselves, but the fact that they are not even really funding the government.
Not even those high taxes, higher than a lot of places in the world, not even those taxes are really funding the government. So who’s financing the government? Government is financed by treasury bonds. And who buys the treasury bonds? Mostly the Fed.
And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? The Treasury Bonds, themselves. So basically, you finance the government by printing money out of thin air.
Well, so if the government can print the limited amounts of money out of thin air, why do they collect taxes? The answer is simple, but it’s very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It’s shocking, but it’s true.
The government is funded by money-printing, paper backed with paper – a bubble that will inevitably burst. The situation is even worse than it seems, because if most Americans and the rest of the world were to become aware of this farce, confidence in your currency would be lost, the dollar would fall, and the Western civilization with it. If the next president of the United States doesn’t make the necessary policies and structural change, sooner or later that bubble will burst.
There’s still time. You don’t have to make the same mistakes we did in the ’60s and the ’70s. You can still jump before the water boils.
Winning the election isn’t enough to solve these problems. They will not simply go away as a consequence of an electoral result. It will take a total reengineering of the government, top to bottom.
It will entail making difficult decisions. It will be hard. The system will push back.
But you have the right to determine your own fate.
Taxation is theft.