KEN RUEGG
VICTIMIZED BY MILLIONS
FEDERAL MONETARY POLICY AND A PREDICTED DISASTER
                                                                                                                                        (in reply to a wealthy financier's presentation on the internet, predicting the monetary collapse of the United States).                                                                                                                                                                                                                                                                                                          THE PRINTING OF MORE DOLLARS, THE DOLLAR AS THE WORLD MONETARY STANDARD FOR THE PAYMENT OF DEBT, AND THE POWERS OF THE FEDERAL RESERVE BOARD: THE AMOUNT OF GOLD BULLION IN THE FEDERAL RESERVE, AND THE INCREASING PRICE OF GOLD, MUST EQUAL IN VALUE THE NUMBER OF NEW DOLLARS PRINTED, TO AVOID DISASTER IF THE WORLD CHANGES ITS MONETARY STANDARD.                                                                                                                                                                PUT VERY SIMPLY, the United States Government has been paying the interest on its national debt by printing additional dollars. The government can do so because the dollar is the world monetary standard. All countries presently make purchases, and pay their international debt, in U.S. dollars.                                                                                                                                                                                                                                               AN INCREASE IN DEBT results in an increase in the amount of interest due on that debt, necessitating the printing of more currency to pay the increased interest.*                                                                                                                                                                                                  THE FEDERAL RESERVE BOARD regulates such things as domestic interest rates, in order to control inflation, and to stimulate the economy. It manages the money supply.                                                                                                                                                                                       IF OTHER NATIONS ABANDON THE DOLLAR AS THE WORLD MONETARY STANDARD, the printing of additional dollars doesn't work, because the national debt is no longer paid in U.S. currency.                                                                                                                                                                                                         ECONOMIC DISASTER OCCURS FOR THE UNITED STATES, UNLESS THE FEDERAL RESERVE POSSESSES A SUFFICIENT AMOUNT OF GOLD BULLION, THE VALUE OF WHICH IS DETERMINED BY THE PRICE OF GOLD ON THE OPEN MARKET AT ANY GIVEN TIME, TO BACK UP THE TOTAL NUMBER OF NEW DOLLARS PRINTED, IF THE WORLD MONETARY STANDARD CHANGES.                                                                                                                                                                                                                  I DO NOT KNOW IF SUFFICIENT BULLION IS HELD IN RESERVE. I DO KNOW THAT THE PRICE OF GOLD HAS INCREASED DRAMATICALLY SINCE DEREGULATION AT $35 PER OUNCE, AND CONTINUES TO DO SO.                                                                                                                                       ANY AMOUNT OF BULLION, AT ANY PRICE PER OUNCE, CAN PROVE INSUFFICIENT IF ENOUGH ADDITIONAL CURRENCY IS PRINTED.                                                                                                                                     AN INCREASING NATIONAL DEBT NECESSITATES THE PRINTING OF INCREASING AMOUNTS OF ADDITIONAL CURRENCY.                                                                                                                                                                                                                                          INCREASING VALUE OF SUFFICIENT BULLION MUST KEEP PACE WITH THE INCREASING NUMBER OF DOLLARS PRINTED OVER TIME, IF A COLLAPSE OF U.S. CURRENCY IS TO BE AVOIDED, ASSUMING THE ABANDONMENT OF THE DOLLAR, AT SOME POINT, AS THE WORLD MONETARY STANDARD.                                                                                                                                                                                                                           ONE STEP WHICH SHOULD BE TAKEN, IF FEASIBLE, IS TO ADD TO THE AMOUNT OF BULLION HELD IN RESERVE.                                                                                                                                                                                             ANOTHER STEP, EASIER SAID THAN DONE, IS TO LIMIT THE INCREASING NATIONAL DEBT, BY LIMITING SPENDING,* AND INCREASING PRODUCTIVITY.                                                                                                                                                                                                                                                      THE LESS YOU BUY, THE LESS YOU OWE, AND THE MORE YOU PRODUCE, THE MORE YOU SELL. LESS MONEY GOES OUT, AND MORE MONEY COMES IN. AMERICA OWES LESS MONEY TO OTHER NATIONS, WHILE OTHER NATIONS OWE MORE MONEY TO AMERICA. WHICH IS ALSO KNOWN AS A "FAVORABLE BALANCE OF TRADE".                   LIMITING INCREASE IN DEBT, LIMITS INCREASE IN THE INTEREST OWED ON THAT DEBT, WHICH IN TURN RESULTS IN THE PRINTING OF FEWER ADDITIONAL DOLLARS TO PAY THE LIMITED INTEREST. A DECREASE IN THE PRINTING OF ADDITIONAL CURRENCY, STRENGTHENS THE ABILITY OF EXISTING FEDERAL GOLD RESERVES TO BACK UP THE DOLLAR, THERE BEING FEWER ADDITIONAL DOLLARS PRINTED TO BACK UP.                   ADDING MORE GOLD TO THE FEDERAL RESERVE, PUTS MORE GOLD BEHIND THE EXISTING AMOUNT OF CURRENCY.                     ALL OF THIS MAKES SENSE, IN THE EVENT THAT OTHER NATIONS ABANDON THE DOLLAR AS THE WORLD MONETARY STANDARD. THERE ARE INDICATIONS THAT A SIGNIFICANT NUMBER OF OTHER COUNTRIES HAVE BEEN QUIETLY STOCKPILING SUPPLIES OF PRECIOUS METALS.                   SEE THE INFORMATION ON THE BRICS ALLIANCE OF FOREIGN NATIONS INTENDING TO ESTABLISH A NEW WORLD CURRENCY TO BE USED FOR THE PAYMENT OF INTERNATIONAL DEBT, IN "FORCE and FINESSE", under "about". ALSO SEE THE *** FOOTNOTE TO "bibliography and notes", under "contact".                                                                                                                                                                                                        THESE MATTERS REPRESENT EXTREMELY COMPLEX AND DIFFICULT PROBLEMS FOR THOSE IN GOVERNMENT. ANY SOLUTION IS AFFECTED BY VARIOUS TYPES OF ADDITIONAL FACTORS:                                                                                                                                                                                                                                                                               *IN JAN. 2023, SECRETARY OF THE TREASURY JANET YELLEN WARNED KEVIN MCCARTHY, THE GOP SPEAKER OF THE HOUSE OF REPRESENTATIVES, IN A LETTER STATING THAT FAILURE TO RAISE THE DEBT CEILING, WHICH WOULD CAUSE A DEFAULT BY THE UNITED STATES GOVERNMENT TO PAY ITS DEBTS BY JUNE 1, 2023, WILL HAVE "CATASTROPHIC CONSEQUENCES" FOR THE WORLD'S ECONOMY. THERE ARE CONCERNS THAT REPUBLICAN LAWMAKERS IN CONGRESS WILL ENACT DEEP CUTS IN MEDICARE, MEDICAID, AND SOCIAL SECURITY FUNDING, DELAYING RAISING THE DEBT CEILING AS A MANEUVER TO LEVERAGE SUCH SPENDING CUTS. CUTS TO MEDICARE, MEDICAID, AND SOCIAL SECURITY MADE BY GOP LAWMAKERS, WOULD ALIENATE MANY VOTERS, AS WILL THE CONSEQUENCES OF A GOVERNMENT DEFAULT IF THE DEBT CEILING ISN'T RAISED!                                                                                                                                                                                                                  ON MAY 21, 2023, A TELEVISION NEWS COMMENTATOR REPORTED THAT SOME GOP MEMBERS OF CONGRESS ACTUALLY WANT TO CAUSE A GOVERNMENT DEFAULT, SO THAT THEY MAY BLAME THE PROBLEM ON PRESIDENT JOE BIDEN, AND THUS GAIN ADDITIONAL SUPPORT FOR THE REPUBLICAN CANDIDATE IN THE 2024 PRESIDENTIAL ELECTION!                                                                                                                                                                                                                               AS OF MAY 31, 2023, DONALD J. TRUMP HAS ADVISED REPUBLICAN MEMBERS OF CONGRESS, "YOU'RE GONNA HAVE TO DO A DEFAULT!".