A subtle corruption infected the whole financial system. The new money was a credit from the banks, not an asset. It was borrowed into existence – at absurdly low rates -- rather than earned.
The predicament, described well here, is a world wide phenomenon. Bill’s primer is also a good explanation of why the powers that be concluded that the entire system needed to be “re-set”. They love to blame the reason on the environment, food, energy mismatched population growth. The real reason for the ‘unsustainable’ future we find ourselves facing is them, it’s the staggering and foolish profligacy of our overlords for decades, all part of their scheme to make themselves filthy rich.
I've been saying for 20 years that the primary problem the US faces is too much credit or too much printing. It is the cause of the tremendous growth in corruption. It is the cause of why the US has a president like Joe Biden or even Barrack Obama or Don Trump. All corrupt in some sense or another but primarily because the leadership has been obfuscating what credit is and the damage it can do. Virtually no one and most likely most Congressmen, women, don't understand how debt occurs and how it is damaging the country i.e. the savers or the productive people motivated to build themselves a better life for themselves and their families.
This was an overt play to destroy a country. Who could order and execute such a plan? He had to know that a country with constitutional law was too weak to stop it. How do future freedom-loving people avoid this?
Unfortunately, the public didn't "nod off". It had no clue what was going on and most had no options. The public is struggling with day-to-day life. The elites/politicians know this and will keep kicking the can down the road until the US$ blows up. The banking cartel and military industrial complex know this and have bought the politicians. Corruption is everywhere. And when the can blows up, the proles will struggle to survive at all. Those in power do not send their sons/daughters to "fight" in all these foreign wars. They know - most proles are ignore (not stupid - there is a difference) and the media works hard to keep the proles that way. Just is - it isn't going to change this time. The word of the year should be - PREPARE!
Perhaps the public came to rely too much on the regulators who were given the responsibility of oversight. Of course, that’s a revolving door, too. This is from WallStreet on Parade today: “It’s time for federal banking regulators to stop treating American citizens as dim-witted sleepwalkers in a post-democracy world….”
“Instead, its real goal is not to eliminate inflation, but to manage it.”. 🤔 I’m pretty sure the banking cartel that has created every crisis since the French Revolution has the only goal of eliminating most of the pesky human population and managing the surviving population…New World Order 🫣
Steve, interesting thought. What happens when the banking cartel decides there are too many in the banking cartel or military/industrial/complex. Then there are all the various religions - each knowing they are "THE ONE". Then there is race/cultures/societies - as played out numerous times in history - CHAOS REIGNS for some period of time. In the past there weren't a plethora of means of mass destruction that technology has given the world today. Nuclear - know there seems to be "manageable" battlefield nuclear weapons and then mRNA and all the biological weapons being developed. The ELITES around the world aren't going to trust other elites. One could forecast an extremely ugly future ahead.
Yes my friend, it most likely will be an extremely ugly future ahead for most. I understand how difficult it is to comprehend what has been happening, but if you understand the past, the future always repeats. Been happening forever, but if you do your homework, you’ll see the resemblance. You still have time to prepare, so get started asap and as always, follow the money. Doesn’t have to be overseas, because they have thousands of beautiful escapes right here In the States. These most evil of men have no intention of destroying the planet, just the useless eaters occupying it 🤔
Hmmmm........"no intention" - for most but then there are those that won't go quietly into the night when it becomes their turn to be "eliminated". They are well short of the magnificent elites they think they are. It is about control that creates power that creates wealth. Then, unfortunately, they become "spooked" that others covet their power and wealth. And, like Ceasar's last words - "Kai su, teknon" (Greek) will become common place. FYI - the translation isn't "Et Tu, Brute" - it actually is - "Screw you.".
Lolol, Yes my brother, many won’t go quietly into the night, but unfortunately, it will be brother against brother again. And most won’t see it coming…. I don’t know if you’ve noticed how deeply these families are embedded in our society, so much so, you don’t even know who they are 🤔
The predicament, described well here, is a world wide phenomenon. Bill’s primer is also a good explanation of why the powers that be concluded that the entire system needed to be “re-set”. They love to blame the reason on the environment, food, energy mismatched population growth. The real reason for the ‘unsustainable’ future we find ourselves facing is them, it’s the staggering and foolish profligacy of our overlords for decades, all part of their scheme to make themselves filthy rich.
Bill Bonner's best explanation of where we are today Sobering. Beware those who think that this time is different
I've been saying for 20 years that the primary problem the US faces is too much credit or too much printing. It is the cause of the tremendous growth in corruption. It is the cause of why the US has a president like Joe Biden or even Barrack Obama or Don Trump. All corrupt in some sense or another but primarily because the leadership has been obfuscating what credit is and the damage it can do. Virtually no one and most likely most Congressmen, women, don't understand how debt occurs and how it is damaging the country i.e. the savers or the productive people motivated to build themselves a better life for themselves and their families.
This was an overt play to destroy a country. Who could order and execute such a plan? He had to know that a country with constitutional law was too weak to stop it. How do future freedom-loving people avoid this?
“Few people noticed”, “The public nodded off”. All part of the plan.
Unfortunately, the public didn't "nod off". It had no clue what was going on and most had no options. The public is struggling with day-to-day life. The elites/politicians know this and will keep kicking the can down the road until the US$ blows up. The banking cartel and military industrial complex know this and have bought the politicians. Corruption is everywhere. And when the can blows up, the proles will struggle to survive at all. Those in power do not send their sons/daughters to "fight" in all these foreign wars. They know - most proles are ignore (not stupid - there is a difference) and the media works hard to keep the proles that way. Just is - it isn't going to change this time. The word of the year should be - PREPARE!
Perhaps the public came to rely too much on the regulators who were given the responsibility of oversight. Of course, that’s a revolving door, too. This is from WallStreet on Parade today: “It’s time for federal banking regulators to stop treating American citizens as dim-witted sleepwalkers in a post-democracy world….”
As did the rich argentines.
And it's all part of the master plan to go to the digital currency and control your life. You will own nothing and eat bugs and be happy.
Great article, Mr. Bonner. Congratulations on sticking to topic. This is what you write about best.
Credit corrupts … unlimited credit corrupts absolutely!! Credit is man-made, Gold is not!!
We've talked here about China (and Chinese people) buying up gold. Admiral Studeman is coming in hot, laying out the for Xi's march towards war: https://warontherocks.com/2024/04/china-is-battening-down-for-the-gathering-storm-over-taiwan/
The estimated cost is 10% of global GDP, largely over supply chain disruptions. I think it will be more than that, not to mention the costs in blood.
“Instead, its real goal is not to eliminate inflation, but to manage it.”. 🤔 I’m pretty sure the banking cartel that has created every crisis since the French Revolution has the only goal of eliminating most of the pesky human population and managing the surviving population…New World Order 🫣
Steve, interesting thought. What happens when the banking cartel decides there are too many in the banking cartel or military/industrial/complex. Then there are all the various religions - each knowing they are "THE ONE". Then there is race/cultures/societies - as played out numerous times in history - CHAOS REIGNS for some period of time. In the past there weren't a plethora of means of mass destruction that technology has given the world today. Nuclear - know there seems to be "manageable" battlefield nuclear weapons and then mRNA and all the biological weapons being developed. The ELITES around the world aren't going to trust other elites. One could forecast an extremely ugly future ahead.
Yes my friend, it most likely will be an extremely ugly future ahead for most. I understand how difficult it is to comprehend what has been happening, but if you understand the past, the future always repeats. Been happening forever, but if you do your homework, you’ll see the resemblance. You still have time to prepare, so get started asap and as always, follow the money. Doesn’t have to be overseas, because they have thousands of beautiful escapes right here In the States. These most evil of men have no intention of destroying the planet, just the useless eaters occupying it 🤔
Hmmmm........"no intention" - for most but then there are those that won't go quietly into the night when it becomes their turn to be "eliminated". They are well short of the magnificent elites they think they are. It is about control that creates power that creates wealth. Then, unfortunately, they become "spooked" that others covet their power and wealth. And, like Ceasar's last words - "Kai su, teknon" (Greek) will become common place. FYI - the translation isn't "Et Tu, Brute" - it actually is - "Screw you.".
Lolol, Yes my brother, many won’t go quietly into the night, but unfortunately, it will be brother against brother again. And most won’t see it coming…. I don’t know if you’ve noticed how deeply these families are embedded in our society, so much so, you don’t even know who they are 🤔
Did you get that quote from "Ancient wisdom?" All good.If not but there's some cool stuff on that podcast. Subscribe if you haven't.
State’s Legislators in Alabama: Senate Education Budget Committee passed legislation that would end state capital gains taxes on gold and silver
https://alison.legislature.state.al.us/files/pdfdocs/SearchableInstruments/2024RS/VXCJLVP-1.pdf
A few safe areas in Alabama to build a bolthole 🤔 How’s brother Starboard doing?
Doing fine last I heard.