Okay, so I am about to write out my plan for collapsing the banking cartels, but before I do that I wanted to start a thread that is intended to debate whether or not the economy is going to collapse and why, and whether this would lead to the destruction of our nation. Once we have established that the economy is indeed going to collapse, then my plan for collapsing the banking cartels is going to make a lot more sense.
That being said, I think that the upcoming economic collapse of our country is inevitable. I have several reasons for believing this. First and foremost, there has recently been an increase of approximately ten trillion dollars in the money supply of the United States of America. As many of you know, the recent bailouts costed a lot more then the original figure given. This was undoubtably by design. The original figure was given so that it would not sound so bad. But this was only the minimum amount that the bailout was to cost, not the maximum. As it turns out, it costed more like around 9.3 trillion dollars, and we have no idea where most of that money went.
Well if you know anything about economics, then you know that the larger the money supply is, the less valuable the money becomes. This is known as inflation. The one and only way that money which was spent on the bailout is not going to severely inflate our money supply would be if the recipients of those funds decided to take all of that money and stuff it under their mattresses and never use it. Even if they deposit it in their bank accounts, then the banks are going to take that money and loan it out. Actually, even worse, the banks can then loan out 100 trillion dollars for the ten that was deposited at their establishments since our current fractional reserve banking system allows them to loan out ten times as much money as they actually. have en.wikipedia.org/wiki/Federal_Reserve_Note . So what that amounts to is the promise that the government will extract that sum of what value that money represents directly from your ass! At the moment, I daresay if we all slaved away for our entire lives that value would not be repaid.
Now for those of you that are wondering if that roughly ten trillion dollars is going to be added to our national debt, the answer is no. If you look at our current national debt it is only a little under 11 trillion dollars at the moment brillig.com/debt_clock/ . What actually happened is that new money was printed by the federal reserve in that amount. What that amounts to is that money was more or less stolen directly out of our pockets through a hidden tax known as inflation. It takes about one year for the effect of that theft to register in the economy. So by next November, that new money will be completely gone from our pockets/bank accounts via a loss of purchasing power. In other words, our money will be pretty much worthless by the end of the year. Not completely worthless, but worth a hell of a lot less then it is right now. But as I am about to explain this is not the full picture of what is about to happen.
Now, as many of you probably know, our nation has been operating at a trade deficit for about 40 years. Over time, that trade deficit has increased exponentially to where now our current trade deficit is up to about 1 trillion dollars. What this means is that our complete dependence on foreign trade is now costing us 1 trillion dollars a year. Just so you all have an idea of how much that is, the combined GDP of the entire world is somewhere around 9 trillion dollars. So every 9 years, we lose enough money to account for the production value of the entire world economy. The only reason why we have been able to get away with this is our money is more or less the accepted standard of world currency. What this means is that for the most part, our trading partners just hold onto the currency that we give them and do not spend it. When they do spend it, they usually trade it amongst each other rather then in the U.S. economy. What this does is effectively take it out of our national economy and prevent this money from inflating our economy. So what our government does is print more money to make up for the money lost in trade via our massive trade deficit. The penalty that we take for this is relatively minor since our trading partners are kind enough to take all the extra money printed out of national circulation thereby preventing the inflation that should rightly occur from the increase in our money supply. But here is the real clencher. Since we have now created 10 trillion dollars that is not leaving our economy, our money is going to inflate anyway. Once this starts to become evident, our trade partners are going to be in a rush to get rid of all of their U.S. dollars before they become entirely worthless. They won’t be able to pawn them off on each other since they will all know that the money is about to be worthless. So what they will do is flood our economy with all of this money and buy up infrastructure as fast as possible.
This will be the death blow to the dollar. After this happens, it will be just like in the Weimar Republic of Germany in the 1930’s where a wheelbarrow of $100 bills equals one loaf of bread. The effect will be that all of us will be unable to buy anything. This includes food, fuel, water, anything. Money will be worthless, so no one in their right mind will accept it for any goods which have any value. As such, our country will be in a state of emergency. Nobody will be able to eat, and there will be no potable water readily available. Furthermore, a lot of our trading partners are going to be holding vaults of worthless paper money that they have accumulated over several decades of trading with us, and they will be very unhappy about this fact. Of course they will refuse to send us anymore goods since we have nothing of value to give them in return. So all of the food from other countries will cease as well. As such, there will also be a food shortage. Our government will also be crippled because the only thing it will have to give to anyone in return for service will be U.S. dollars or gold from Fort Knox. Most of the gold is already gone from what I understand, and what is left will be in very high demand. So there will be very little that our government will be able to do about anything, and likely a large portion of government workers will also lose their jobs since there will be no money with any value to pay them with.
So obviously, this is going to be a huge problem for our country. Considering the amount of enemies we have made over the past few decades I daresay at least one of them will take this chance to jump at our throats as well. Hopefully not China, since with our country in shambles they could easily conquer us with an invasion. The Chinese army is now 100 million strong, and China currently has the strongest economy in the world. They may not be as high tech as our military is, but in this case they will not need to be. Unfortunately, us the American people are more or less innocent and have had little to do with the offenses that have been committed by our rogue government. But the rest of the world likely will not see it this way. Even if we don’t get invaded by our enemies, then likely we will be forced to take a new form of currency be that a world currency or a north American currency and thereby forced to sign a treaty that would totally dissolve our national sovereignty. So the ultimate effect of our extremely poor economic policy over the past few decades could very well be the final destruction of our country and the institution of a new world order/world government.
So, any opinions? Do you agree or disagree with my assessment and why?