The Ins and Outs of Whose Money is it Anyway?
Date: March 13, 2022Author: Tom Luongo
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Today’s “Inside Money” standard, known colloquially as the Dollar Reserve standard, is actually what I like to call “Milton Friedman’s Nightmare.” It is nothing more than a system of competitively devalued and inflated debt-based scrips running around drinking each other’s milkshakes until everyone’s glass is empty.
FYI, there are a lot of empty glasses around the world right now and more are being created everyday as the financial system turned predatory after the Lehman Bros. collapse in 2008.
It was then that the Central Banks and governments turned fully against the people sucking up more and more outside money by inflating inside money egregiously to control more and more of the real wealth of the world.
There is only one problem with that, however. Eventually, you run out of property to squeeze out of people’s hands. The more you take, the less people are restrained by little things like laws.
Eventually two things happen. The first is what we’ve been seeing from Russia and China for the past twelve years — steady accumulation of gold and other hard assets, outside money, including the building of real manufacturing infrastructure as well as the financial infrastructure to house it.
The second is just over the horizon — the moment where all the legal claims to controlling outside money mean nothing when enforcement of those legal claims gets exposed as a bluff because there aren’t enough enforcers capable of keeping the looters from taking it.
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I’m am waiting for the “Great Reset” to drop on “We, The Sheeple” of which I am part of in someways. I know this is going to hurt the poor, the seniors, those on fixed incomes, as well as the non-super rich.
Wonder what the price of gold will go to … … (the fellow’s guess) about 45k$. By other guesstimates, that’ll translate to 80$/gallon for gas. Now I’m not predicting this but even if gas goes from 4 to 8$/gallon, the economy is totally screwed.
The U$D would be near worthless.
The future is murky and there could be a cliff in the fog.