The more I think about fiat currency the more I picture it as essentially in ‘front running business’ against every one else who doesn’t have access to the money printer. Basically cantillonaires can buy the entire apartment block or an entire city with their fiat money and then rack up the price so that nobody can buy it, then the peasants either have to rent or borrow fiat money and repay the mortgage for 30-40 years. Cantillonaires must also have bought or control most of the businesses in town, essentially turning people into rat in a hamster wheel that spins forever. They have to do actual work to generate money for business owned by Fiaters, to pay for Properties owned by Fiaters, with money created by Fiaters that didn’t require them to do any actual work in the first place. With this vicious cycle, I don’t see any way out except through some kind of escape hatch or sly roundabout way or use something that the Fiaters can’t stop/buy/control/steal.
Yep, they're no help at all. Ray Dalio's latest "Principles for Dealing with the Changing World Order" paints a pretty bleak picture which seems to accurately reflect our current position.
Wonder if it was PIMCO. FGMC was the first to BK post the COVID boom and I still haven't been able to get good reasons why. They should have known better.
Yeah I would wonder what's on the balance sheet of Mary Daly et al. Pelosi, Feinstein the whole corrupt cabal. MSM not curious about this, reminds me of Emily Litella...'Never mind.'
I think the entire plandemic was engineered to bail out the financial system, and I'm still waiting for someone to prove me wrong.
https://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/
The more I think about fiat currency the more I picture it as essentially in ‘front running business’ against every one else who doesn’t have access to the money printer. Basically cantillonaires can buy the entire apartment block or an entire city with their fiat money and then rack up the price so that nobody can buy it, then the peasants either have to rent or borrow fiat money and repay the mortgage for 30-40 years. Cantillonaires must also have bought or control most of the businesses in town, essentially turning people into rat in a hamster wheel that spins forever. They have to do actual work to generate money for business owned by Fiaters, to pay for Properties owned by Fiaters, with money created by Fiaters that didn’t require them to do any actual work in the first place. With this vicious cycle, I don’t see any way out except through some kind of escape hatch or sly roundabout way or use something that the Fiaters can’t stop/buy/control/steal.
Perfect, thanks.
If the Fed was created in 1913, can't the same powers eliminate it? Seems like they've earned it.
Yes, but Congress is so corrupt they love the Fed, despite their repeated disasters. The Fed's money printing allows Congress to be profligate.
Yep, they're no help at all. Ray Dalio's latest "Principles for Dealing with the Changing World Order" paints a pretty bleak picture which seems to accurately reflect our current position.
Wonder if it was PIMCO. FGMC was the first to BK post the COVID boom and I still haven't been able to get good reasons why. They should have known better.
Hi Rudy, you might enjoy Fabio Vighi's article on this which also ties in the establishment response to COVID: https://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/
Yeah I would wonder what's on the balance sheet of Mary Daly et al. Pelosi, Feinstein the whole corrupt cabal. MSM not curious about this, reminds me of Emily Litella...'Never mind.'