Of all the games played in Washington, D.C. by our elected representatives, the most boring must be the annual federal budget dance. The script changes little from year to year, with only the names of the starring players changing. Boring! For a couple of days, a break-up over the budget between President Trump and his former best friend, Elon Musk, added a new twist for the media mavens to waste our time with their learned analysis.
What the Washington media never tells its few remaining listeners about the federal budget is that it is a massive money-laundering scheme transferring wealth among its various constituents. Amounts transferred, and to whom, depend on which party is in the majority at budget time, or where they need votes. During Biden’s four years, the secret color was “Green”. and the magnetic words around the Halls of Congress were “Climate Change”. After Trump was elected and his new friend joined him in the Oval Office, the magic words were “waste, fraud, and abuse”.
What never changes, whichever party has the majority, is the unique Musical Chairs rules developed by and for our Washington elites. Instead of deleting a chair from the circle during each round of the game, a chair is added. This enlarges the circle to encompass an always-increasing number of players and ensures that none of them ever loses.
To keep the game supplied with new or larger constituent chairs, the clever older representatives have developed covert schemes that slower-witted media types, distracted by the music, fail to report. A principal scheme is the planned 2 percent annual devaluation of the currency. This is an inflation administered by the Federal Reserve, so the Congress is absolved of any accountability for it.
Successful grifters learn from their elders to “Go where the money is”. The largest stash of untapped wealth in America is with the “Middle Class”. This largely undifferentiated group has no strong voice in Washington to protect its interests; therefore, without paying a significant political price for their malfeasance, Congressmen regularly raid these bounteous resources in many clever ways.
Borrowing is a time-honored way of spending more than you earn. Our federal debt of over $37 trillion now exceeds our nation’s total Gross Domestic Product of $30.4 trillion. In fiscal year 2025, the government plans to spend a total of $7 trillion, but only $5.16 trillion in revenue is expected. The estimated 2025 interest on the national debt will be $952 billion, which exceeds our entire Defense Budget.
Deficit spending of this magnitude becomes an automatic money laundering scheme, crowding out government benefits from the budget targeted for the poorer, non-investor class and moving those amounts into the coffers of the investing class. Lower-income Americans are not purchasing 10-year government bonds for their interest or tax advantages! For 2025, as shown above, this interest was a $952 billion money laundering transaction.
The Roman Republic was originally financed with all-silver denarius coins. Over the centuries, the coins were devalued by increasing the coin’s base metal content to pay for wheat exports from Egypt needed to feed their growing populations. When the silver content in the coins made the coins worthless, barter of goods replaced the denarius for economic exchange, and the Empire collapsed.
Save those obsolete items stacked out in your garage; you never know when you might need them for a night out at your favorite restaurant!
TW3
June 12, 2025
John Whitmore Jenkins
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