$100 Trillion Deficit: How Elites Turned Robbery Into the Norm

Every second, 4,755 banknotes are printed worldwide. While you read this sentence, the global money supply increased by several thousand more dollars, euros, yuan. The cumulative national debt of the planet exceeded $100 trillion, and here's what's funny - nobody even pretends they're going to pay it back. Moreover, budget deficits have become the norm, an integral part of the modern financial system. But have you ever wondered who exactly decided it should be this way? And most importantly - why?

We've been convinced that government budget deficits are an economic necessity, an inevitability of the modern world. Supposedly, states must spend more than they earn to stimulate the economy, create jobs, maintain social programs. Sounds noble, right? But here's the oddity: why then does this "stimulus" only enrich those already sitting at the top of the food chain? Why does every new round of "quantitative easing" end with stock market records rather than real wage growth?

It's time to call things by their proper names: chronic budget deficit isn't a system bug, it's its main feature. It's a conscious choice of financial elites who've turned the printing press into the most effective weapon of wealth redistribution in human history.

The Printing Press as a Weapon of Mass Impoverishment

Let's understand the mechanics of this legalized robbery. When government spends more than it collects in taxes, where does the money come from? That's right, they simply print it. Or, if you will, create digits in central bank computers - in the digital age, even paper isn't necessary.

But here's what's important to understand: issuing new money doesn't create new value. It simply spreads existing wealth across more pieces of paper. Imagine a pizza: if you cut it into 16 pieces instead of 8, there won't be more pizza, the pieces will just be smaller. That's how inflation works - a hidden tax paid by all holders of fiat currencies.

And here's where it gets interesting. Who gets first access to freshly printed money? Banks, corporations, large investors. They buy assets at old prices, before inflation manages to inflate them. And when this money reaches ordinary people in the form of salaries and pensions, prices have already soared. This is called the Cantillon Effect, and it's not a conspiracy theory - it's a documented economic mechanism.

What results is an elegant scheme: elites create deficits, print money to cover them, are first to use these funds to buy real assets, and dump inflationary consequences on everyone else. At the same time, they have the audacity to tell us about "the necessity of maintaining economic growth." Growth of what, may I ask? Growth of inequality?

Budget Deficit: A Drug for Elites

Why can't the system stop? Why do deficits grow year after year, turning national debts into astronomical figures? The answer is simple and unpleasant: elites are addicted to this enrichment mechanism and can't live without it anymore.

Look at the numbers. Over the past 50 years, the real purchasing power of the dollar has fallen by more than 85%. This means $100 in the 1970s is equivalent to about $15 today. Where did the other $85 go? They didn't evaporate - they migrated to the pockets of those who control money flows.

Meanwhile, any attempt to return to a balanced budget meets fierce resistance. Why? Because ending deficits means ending the constant flow of fresh money into the system. And this, in turn, means the collapse of financial markets built on expectations of eternal liquidity growth.

Politicians understand this perfectly. That's why even the most "fiscally conservative" governments continue increasing spending. The system holds on constant injections of new money, and stopping this process will lead to immediate collapse. We've witnessed the creation of a giant financial pyramid of planetary scale, where the role of new depositors is played by future generations, paying with devalued money and rising taxes.

And the most cynical part of all this - elites know perfectly well where this leads. But they don't care, because when the system collapses, they'll have already converted paper wealth into real assets - land, gold, art, cryptocurrencies. And the middle class, as always, will be left with devalued savings and pensions.

The Myth of Structural Necessity

Now let's examine the main argument of system defenders: supposedly, budget deficit is a structural necessity of modern economy. Government must stimulate demand, especially in crisis times. Without this, they say, deflation will begin, economic stagnation and other horrors.

You know what's funniest about this argument? It's built on Keynesian economic theory, which was created specifically to justify government interventions in the economy. John Maynard Keynes gave elites what they wanted to hear: intellectual justification for printing money and accumulating debts.

But let's look at historical facts. Before the appearance of central banks and abandonment of the gold standard, states physically couldn't afford chronic deficits. If there was no money, there was none - simple as that. And what, didn't the economy grow? It grew, often faster than now. The Industrial Revolution, the greatest leap in productivity in all history, occurred under conditions of money tied to gold.

Moreover, periodic deflationary cycles were normal and even beneficial for most people. Deflation means growth in purchasing power - your money tomorrow is worth more than today. Who is this disadvantageous to? Right, debtors. And who's the biggest debtor in the modern world? States and corporations. That's why we're convinced deflation is evil: it's disadvantageous to elites.

The structural necessity of deficits is a myth created to justify a system of wealth redistribution from bottom to top. There's only one real necessity: the necessity for financial elites to continue enriching themselves at the expense of everyone else's money devaluation.

Your Savings - Their Profit

Time to face the truth: every dollar, euro or ruble in your bank account is an asset constantly losing value. And this loss isn't an accident, not a side effect, but the main function of the system.

Central banks set target inflation at 2-3% annually. Sounds like little, right? But calculate: at 2% annual, your savings lose half their purchasing power in 35 years. That's less than the average working life. In other words, if you're saving for retirement in fiat currency, by retirement your money will be worth half as much.

But real inflation is often higher than official. Prices for housing, medicine, education grow much faster than 2-3% per year. Official statistics understate inflation by manipulating the basket of goods and calculation methodology. This allows paying less on indexed obligations and creating an illusion of stability.

Now ask yourself: who benefits from constant money devaluation? Those who own real assets and debts. If you have a $500,000 mortgage, inflation works for you - the real value of debt falls. But if you have $500,000 in savings on deposit at 1-2% annual with 3-5% inflation, you're slowly but surely getting poorer.

The system is designed to punish savings and encourage debt. And who can afford large debts? Corporations, banks, governments. Who's forced to save? Ordinary people planning for the future. So it turns out that the fiat system is a giant mechanism for pumping wealth from the cautious to the reckless, from the poor to the rich.