Years ago Senator Everett Dirkson, the great oratorical Senator from Illinois said, "A million here and a million there and before long you are talking about real money".
Today he would be a cheapskate.
Now we talk in billions and trillions.
The mergers and acquisitions (M&A) market seems to deal in nothing but 9-figure buyouts.
The 6-figuredeals hardly get a mention.
Even the 9-figure transactions are small when you take into consideration what countries like China, India, Britain, Germany, Japan and others are doing.
Our trade deficit every month expresses the huge amounts that are taking place.
The trade deficit shows the amount we owe them.
That deficit must be met and it is.
Much of it by printing money of thin air.
That is what the Federal Reserve does.
Each time they create more it dilutes the cash you have and that is where the major cause of inflation comes from.
Of course, the Fed will never admit they are the prime cause of inflation.
For a definitive study of the how, when and where of the Federal Reserve the book, Creature from Jekyll Island lays out the gory details.
It reads like a detective novel and is shockingly true.
Every world central bank does exactly the same thing.
It is a catastrophic collusion.
The results of their efforts can be seen in the exchange rates of the dollar to the currency of their country.
For those who trade in the daily multibillions they pay close attention to the spreads between all countries.
This is a 24/7 effort.
Mistakes can be horrendous.
A few years back one of the world's largest banks, Bering & Co, was bankrupted by just one of their traders.
Few people of the general public realize their money whether it is dollars, yens, pounds, francs, deutschmarks or whatever has no backing at all.
It is merely a piece of paper the central government has designated as legal tender.
Years ago paper dollars could be redeemed for so many ounces of gold or silver.
Not any more.
There is no government gold standard.
It has been abdicated.
Yet gold remains the standard of wealth.
Dollars may be redeemed for gold.
It is up to the individual to do it.
Many investors realize gold is the one investment that cannot be diluted by their government.
If a country had to pay for its wars in gold there would be very few wars.
Only with the ability to print false wealth can a war be financed.
Politicians could scream all they chose, but without money nothing happens.
Today's wars are being fought more and more on the field of economics.
See who can outproduce and /oroutprint their rivals.
Guns remain in the background because so much is invested in the land of their enemy they dare not destroy him without hurting themselves..
Over the next 20 years it will be interesting to see what happens to the value of our dollars.