what money really means and how to get rich_140

_{Currency, as we have seen, is being used less and less as a form of commerce,}

_{with its almost entire use—98 percent—as a speculative trading and}

_{investment product. Bonds are dwindling, with even the traditional benchmark}

_{thirty-year bond eliminated from use.}

_{The physical forms of government debt are lapsing because of the downward}

_{historical trend of government debt itself.}

_{In 1945, the U.S. debt stood at 117 percent of GDP. Just ten years ago, it}

_{stood at 70 percent. In his fiscal 2002 budget, President Bush proposes to pay}

_{off all debt to the public over the coming decade.}

_{Reduction of the public debt will make more capital available to private}

_{businesses. When the federal budget is in surplus, that surplus has to be disposed}

_{of. This can be accomplished by lower taxes (which are occurring),}

_{higher government spending (unlikely in a Republican administration), or by}

_{buying up or paying off all outstanding bonds. (The government has bought}

_{back the largest number of bonds in history over the last two years. It eliminated}

_{the three-year note and the thirty-year bond and limited five-year notes}

_{to quarterly sales auctions from monthly auctions.)}

_{All that "excess" money will move into private hands. Lower taxes mean}

_{more money is put work in the private sector, or spending. Investors may even}

_{look to invest in some other form of security besides government bonds and}

_{may have to turn to the private sector, which mean corporate bond or stock}

_{sales will likely increase. (Our stock market has doubled over the last five years,}

_{and there are record volumes of stock and bond transactions.) All this is to say}

_{that more control will end up in the hands of companies and institutions and}

_{create more direct relationships between these entities and individuals.}

_{Government, or public, control is being passed to corporate, or private,}

_{control.We are witnessing a massive transfer of power into private hands.This}

_{paradigm is also lending opportunity for the individual in society to step up}

_{and exert more control over his or her likes and dislikes. Purchasing power}

_{will be akin to voting power.}