The Collapse of the Monetary System – a Comedy of Errors

QUESTION: Pricey Martin
Might you please describe extra intimately what you expect when speaking in regards to the breakdown of the financial system?
Will there be differencies between international locations like Germany and Switzerland for instance? Particularly relating to pension programs.
I asume, there is perhaps large variations by international locations.
Many thanks and finest regards,
RZ

ANSWER: The collapse of the financial system is the results of a comedy of errors. It boils right down to the issue that governments since World Conflict II have adopted Keynesian Economics whereby they took Keynes’ suggestion that they need to run a deficit throughout a recession/melancholy to compensate for the autumn in demand as a result of persons are hoarding their money in occasions of uncertainty. The issue was that they merged that with Marxism and commenced to run deficits yearly after which took the Amount Concept of Cash that claimed a rise within the cash provide could be inflationary. So, they borrowed slightly than printed falsely believing that they may spend no matter they needed with out it being inflationary.

Nonetheless, as a result of debt instantly turned collateral post-1971 when it had been unlawful to make use of authorities bonds as collateral for borrowing, then the debt was remodeled into cash that now paid curiosity because it had begun through the American Civil Conflict.

Due to the stupidity of locking down the economic system for COVID, the escalation in nationwide money owed has been insane. This has added stress to the financial system for you see, the whole authorities construction will depend on having the ability to promote its debt. Because the demand for his or her debt is declining once they have a look at this deliberate push for conflict and handing Ukraine limitless quantities of cash, the shortcoming to promote the debt has elevated their seek for taxes – therefore hiring 87,000 IRS brokers armed!

The system is collapsing. They can’t proceed to fund all of the social packages beneath this technique the place the Major Sellers aren’t giant sufficient to repeatedly purchase authorities debt. That impacts the whole lot from Pension to Life Insurance coverage. Completely the whole lot from investments to rates of interest and taxation is all interconnected so we’re wanting on the finish sport of 2032. I consider Schwab has taken our forecast for the collapse of the financial system and we could have an amazing reset with our alternative to revamp authorities he’s making an attempt to take that occasion and push it to totalitarianism ending even our proper to vote on something. Of there will probably be a Nice Relaxation, however not the way in which Schwab hopes it to unfold.

The one possibility is central banks should monetize the debt which defeats the whole function of borrowing that was alleged to be much less inflationary, after which they have to elevate taxes dramatically to aim to stay in energy till they compel the folks to stand up in revolution as is at all times the case. Nearly each revolution in historical past has begun with taxation.

Keep in mind the Biblical story the place they present a denarius to Jesus complaining about Roman taxes? That’s the reason this coin of Tiberius is called the Tribute Penny – “Render unto Caesar the issues which might be Caesar’s and unto God the issues which might be God’s.” It at all times comes right down to the abuse of energy utilizing taxation.