ECONOMICS: On the positive side, though, the U.S. government won’t be able to waste … …

Monday, August 19, 2024

https://armageddonprose.substack.com/p/brics-alternative-currency-near-realization

BRICS Alternative Currency Near Realization, American Empire Death Imminent?
Ben Bartee  —  Aug 11, 2024

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The U.S. government cannot print its way out of this mess because the only value that it derives from the dollar, it being based on nothing, is based on global demand.

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On the positive side, though, the U.S. government won’t be able to waste nearly a trillion dollars on “defense budgets” any longer to start global wars, nor will it be in a position to export child trannyism or any of its other degenerate machinations throughout the world by leveraging its financial dominance. As long as finances matter, it also won’t be able to exert the same degree of domestic political oppression and surveillance as it once did — although it will certainly try to continue doing all of those things, possibly via World War III to try to maintain its global position.

Ben Bartee is an independent Bangkok-based American journalist with opposable thumbs.
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Recognition that the US$ is essentially worthless (i.e., can’t be redeemed for gold or silver) will doom the USA to hard times.

Remember the meme: “hard time make great men”.  So we can hope that the politicians and bureaucrats, that are replaced, are replaced with good productive visionaries that will get the Gooferment out of the way.

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GOLD: Joe Scarborough Admits

Wednesday, April 4, 2012

http://www.theblaze.com/stories/joe-scarborough-admits-glenn-beck-has-been-right-about-gold/

Business
Joe Scarborough Admits: ‘Glenn Beck Has Been Right’ About Gold
Posted on March 30, 2012 at 3:49pm by Becket Adams

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Today on MSNBC’s “Morning Joe,” Matthew Bishop, the US Business Editor and New York Bureau Chief for The Economist, talked about his new ebook “In Gold We Trust? The Future of Money in an Age of Uncertainty.”

Co-written with Michael Green, Bishop’s ebook discusses some awfully familiar themes: the instability of fiat currencies, the skyrocketing price of gold, and the future of the global economy.

“If you got volatile markets, why do you run to gold?” MSNBC host Joe Scarborough asked Bishop.

“This is a very interesting time because…the people who have been the most successful investors over the past few years, a lot of them basically are very worried about the future of the dollar, very worried about the future of the euro, and they see gold as the best alternative currency,” Bishop answered.

“And they’ve been right a lot,” Bishop added. “They have a lot of their money in that currency and I think the rest of need to understand why. It’s always dismissed as this kind of crazy rightwing thing to do,” Bishop added.

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ROFL!

Bout time that someone, anyone, in the mainstream media acknowledges the economic reality.

 

 

 

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