Ive been trying to understand an uneasiness that I have about the US economy and dollar backed financial system, but I could not put it into words. Something just occurred to me, and it relates to my own personal credit: Follow me: 1) Money as we know it is only created through the issuance of debt. The rest of the world is systematically moving AWAY from the American dollar, especially the worlds largest individual economies. This is an undisputed fact. 2) The rest of the world is working to remove the dollar as the worlds reserve currency, which again was created solely from the issuance of debt. This too, is a fact. 3) Several major countries are hoarding gold and are moving toward tying their currencies to gold. This is a fact. 4) All of the Middle Eastern countries that the US has moved to destabilize, and/or support a coupe in had threatened and moved to refusing to trade in the American petro dollar, and instead set up gold-backed banks and currencies. This is another fact. 5) The US Treasury has created SO-much debt and interest obligations that T-bills are not maintaining their attractiveness to major financiers and international bankers. This is a fact proven by the years of quantitative easing, which is now easing up, although nothing has improved in the fundamentals of the economy. 6) Interest rates on T-bills are very low, and subsequently are the interest rates paid by banks in exchange for new capital, i.e CDs, deposits, savings accounts, etc. No one wants low rates of returns on their capital. Thus, if the Treasury cannot sell bonds to anyone other than the Federal Reserve, then the Federal Reserve cannot create new money on which it can create interest profits when it sells currency to other banks. 7) The stock market is unrealistically high. This is because there is no other place for banks and institutions to place large sums of money in order to get a quality return on investment. But, they know that this also cannot continue indefinitely, as the gains in the stock markets are not actually serving as new investment into the stocks issuing companies. Therefore, when the ability to manipulate stock price valuation no longer exists, large stockholders will begin to quickly sell, thus crashing the market, and causing trillions of dollars in wealth losses for pension plans and 401k accounts, but at a level much worse than in 2008-09. 9) The American consumer has now become the borrower of last resort, and are the only ones willing to pay high interest on created capital. 10) Consumers credit are most readily accessed by credit cards. Credit cards are issued by the big banks. Well, my credit card companies keep increasing my credit limits this year, trying to get me to buy new things and thus create new debt, i.e. new money. 11) Most American consumers can now never discharge debt obligations under bankruptcy laws. 12) American property and assets are being set up for the taking and the transfer of 1) Real Wealth, and 2) Most importantly, Guaranteed servitude. THIS IS WHY I AM CONCERNED: A) When this house of economic cards comes crashing down, the level of unemployment will be astronomical. And, this time, the federal government will be unable to bail out institutions or the system, while at the same time its tax revenues will decline sharply, as well as those of municipalities and states. As a result, B) There will be an explosion of poverty and desperate people trying to eat, feed their kids, stay warm, and maintain shelter. These people will do anything to survive. And the government will be unable to help them, outside of herding them, and everyone else into assistance centers. Crime will explode, especially violent crime. C) Martial law will be declared, and life as we know it, will be over. D) A New World Electronic Currency will come onto the scene. Any cash that you now hold will be devalued and debased.
Posted on: Fri, 25 Jul 2014 20:35:43 +0000
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