"With the economy still significantly shut down and consumers cut off from travel, entertainment, and leisure options, the personal-savings rate stands at a record high — close to 14 percent in December 2020, well more than twice the recent average." - OP
I think the above is nonsense. It seems to imply a big spending boost will come with the end of this fake crisis but doesn't appear to take forbearance and other delayed costs into consideration. Maybe that misguided belief is one of the reasons for some of the all time highs being experienced in growth stocks?
Overall, this MMT nonsense and fiat currency divorced from the natural world is exactly how we have managed to get here. Every malivestment be that endless welfare or warfare, or both, requires funding. Gold and Silver are Constitutional money not Federal Reserve notes:
"No state shall coin money, emit bills of credit, or make any thing but gold and silver coin a tender in payment of debts." ~ Art. I, sec. 10, cl. 1.
Gold and Silver make this welfare/warfare state impossible. That is the only reason they were eliminated as money. The only way back is through sound money and no one is stopping folks from returning on their own. Several States are moving back to such and they deserve support from those of us that wish to save our nation.
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