Imagine a friend of yours asked you to borrow a little bit of money. And when they return the money later on, they give you less than what they took. And when you ask them why, they tell you that is the best they can do. Would you lend that friend money again?
In reality, if you are basing you decision on sound financial principle, the answer is no. But imagine your friends asks you to lend them money and he tells you flat out that he/she is not going to pay you back? Would you lend them the money?
Further, imagine that your friend somehow managed to get his/her hands on your bank account. Every month your friend borrowed money from you and at the end of the month gave you less money than what was borrowed. Will that be right?
You would think that you should have the ability to refuse lending money to such a “friend”. You should at least be able to maintain the integrity of your bank account. I hope you do not have a friend like the one described above. But who needs such friend when you have the government. They flat out are telling us that social security is not going to meet its obligation soon, yet no one can opt out of the program? They are deflating currency on a daily basis, leaving you with less money every minute. The dollar in your pocket now, well a few more seconds is not going to be a whole dollar. And no one is complaining about this broad day light robbery. People go to jail when they run a Ponzi scheme but if you are the “man”, you can do whatever the heck you want. And that is not just here, that is everywhere. Take a look at interest rate of banks around the world and take a look at the official inflation numbers (real inflation most likely way higher). They have a gap in between. Switzerland currently has negative interest rate and positive inflation. I.e. They are telling people we are chipping away at your bank accounts little by little every day. I do not see Swiss Army red jackets on the streets there, do you?