I take ZERO pleasure in being right about what has been going on with the money system which has led to a bubble economy for the rich and loss of hope for the poor. Unfortunately, the federal reserve clearly only cares about the status quo rich because they keep inflating the currency supply leading to asset price rises.
The unfortunate truth is that a huge portion of the population are sheep. This is not their fault. They were born this way and if their creator had wanted it different then it would be different. But as an engineer I have to speak plainly leaving weasel words and sophistry to politicians and bleeding hearts. And the plain truth of it is that, by definition, half of the population has an IQ less than 100. That's 170 million Americans. And IQ below 90? That's probably 50 million people. And below 80? It has to be at least 15 million people.
These people cannot start their own business. The would not know where to start. If someone wasn't giving them food each week they would starve. Right now they can no longer pay their bills. Because the fake money supply has been robbing them all this time, they have no savings, no buffer. All they have is debt and monthly bills that never stop. They have no retirement savings. All they want to do is get back to work at their service jobs which match their mental capacity so they can live their lives as best as possible.
Right now they think that if they can just go back to work, all will be OK. I am so very sad to report that this is a fantasy. The problems will just keep on coming. Right now they are suffering because their jobs are shut down but when they open up they will find that commodity prices have gone up dramatically and the net result will be that even though they are working again they cannot catch up on bills. Quite the opposite. Like a starship caught in the pull of a black hole, punching the throttles to maximum warp will, at best, maintain their current level of distress. But all the while they will be tiring, wearing down, stressing out. The collapse is inevitable at this point.
Sadly, it gets worse. Right now they still think big government can save them. They try to shame congress for not bailing them out. But the government is going into debt at such a rapid pace that even government will soon enough have a very difficult time coming up with the cash to bail anyone out. This is the end game for the Global Debt Ponzi and it is playing out exactly as I envisioned it would more than a decade ago when I first begin writing this blog.
And so I must say once again that we ain't seen bad yet but it's damned sure coming. And it won't be the fault of covid or GOP or leftist fools. It won't be the greedy farmers or the Russians or the Chinese or the Arab. It will be our own fault, we the people, for having accepted the con game of fake money in the foolish belief that it was real. It will be the fault of the institution of the federal reserve which is nothing more than the operator of a shell game of debt. Everyone who ever worked at the federal reserve is a traitor and deserves a traitor's fate.
If you want to know what's wrong with the world, it's the fake money dying. Period.
Monday, August 17, 2020
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