I rather think this is over-stated.
But I do think we are a highly leveraged society, leaning on debt far more than any rational civilization would, and I think Big Government and Big Business create an environment where certain people cannot lose. Sweet deal for them.
But I think it’s going too far to say that any marketplace is a Scam. Nothing that LIMITED government and default on the debt won’t cure.
It’s understated. Incredibly understated. He’s right, and then he’s not right enough.
We promised the world we wouldn’t game the dollar (Bretton Woods).
Then a bunch of politicians wanted to get elected, and spent money we didn’t have. So we printed more money.
Other countries protested. Our Treasury Secretary at the time said, QUOTE, “It’s our dollar, and your problem.”
That’s an act of war. It’s hard to explain that to our citizens, but the US stole money from every country on Earth and then dared people to do something about it.
China, Russia, and others want off the dollar so bad they can taste it, and they are completely justified.
There is so much off-the-books judicialism going on that the ONLY people subject to the power of the state are those who can’t afford to put up a fight.
It is NO WONDER Trump got elected. Everybody on the planet knows they are living in a ‘Matrix’ like state of soft slavery, but have no recourse.
We used to shoot people for stealing a horse. Amazon is built - 100% - on fraud, violating sales tax laws, etc.
We are only BEGINNING to see a FRACTION of it with this Trump Dossier business. There’s $21T of unaccounted for DOD spending since 1997. Trillions. 21x10^12 dollars.
It is so big, it is easier to write that number with scientific notation. It is literally an astronomical figure.
The US is going to be destroyed, and likely justifiably so.
We just pioneered a different form of colonization - fiscal.
And then we really didn’t. This is the way of all fiat currency, and all wars are bankers wars.
Crypto-currency, which is actually the opposite (Crypto means secret, but Bitcoin and others like it run an OPEN LEDGER, which means you can see exactly how many total coins are in existence) is an equal an opposite reaction to Central Bank Criminality.
It is going to be extremely interesting.
Ping to BroJoeK.
Here is another article you can ignore.