MONEY: “Inside Money” standard and the “Outside Money” reality

https://tomluongo.me/2022/03/13/ins-outs-whose-money-is-it-anyway/

MONEY, POLITICS
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.

Argh!

The future is murky and there could be a cliff in the fog.

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RANT: 61 killed in Aleppo airstrikes

http://www.foxnews.com/world/2016/04/28/at-least-27-killed-as-wave-airstrikes-hit-near-hospital-in-contested-syrian-city.html

SYRIA
At least 61 killed in Aleppo airstrikes, including Doctors Without Borders staff, patients
Published April 28, 2016  FoxNews.com

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The Civil Defense, a volunteer first-responders agency whose members went to the scene of the attack, put the death toll at 40 and said the dead included six hospital staff, including a dentist and one of the last pediatricians remaining in the city.

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I know that hospitals are sometimes used for “non-hospital” purposes.

But somehow, this has to stop.

Argh!

Children and doctors?

For shame on all of us humans.

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RANT: BHO44 is an interventionist and not anti-war

http://www.reuters.com/article/2015/10/30/us-mideast-crisis-syria-usa-idUSKCN0SO1VD20151030

Politics | Fri Oct 30, 2015 1:20pm EDT
U.S. to deploy special forces to Syria in about-turn for Obama
WASHINGTON | BY ARSHAD MOHAMMED, PHIL STEWART AND PATRICIA ZENGERLE

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U.S. President Barack Obama plans to deploy dozens of special operations forces to northern Syria to advise opposition forces in their fight against Islamic State, a major shift and a step he has long resisted to avoid getting dragged into another war in the Middle East.

The number of special operations troops in Syria would be fewer than 50, said a senior administration official, speaking ahead of an announcement on Friday by the administration. One U.S. official said the number was likely to be in the range of 20 to 30 but could not provide details.

The decision by Obama, deeply averse to committing troops to unpopular wars in the Middle East, would mark the first sustained U.S. troop presence in Syria and raise the risk of American casualties, although U.S. officials stressed the forces were not meant to engage in front-line combat.

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So much for the Nobel Peace Prize winner.

Where’s all the anti-war activists now?

We could have elected Ron Paul — the only true non-interventionist who ran for President in my memory. 

So how is that working out for you now?

Did BHO44 run on a peace platform or not?

Argh!

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