For years, I've preached how we need to reverse course on our national debt and solidify America's financial standing with physical assets and resources. Now, it may be too late.
Love your work JD, but I’d like to suggest you broaden your focus in terms of ‘who’ bears responsibility for our malaise… It was most certainly NOT solely the responsibility of ‘the Biden Administration’… It became abundantly clear during the 2020 election, that there were many, many, long-term Republicans who had (for whatever reason) betrayed the trust and confidence of the entire country, but most definitely the Republicans, Independents, Libertarians, or even the patriotic and thoughtful Democrats who stood against the Progressive (Globalist/Marxist) wave that has swept to ascendency since November 2020.
Everything that has happened since then has only served to more clearly expose the faithless betrayal of our nation’s elite class; whether they belong to the political, corporate, financial, educational/academic, high-tech, or military echelons…
The only real question is, ‘why’? I believe there is a mixture of motives, ranging from the ‘true believers’ to those who don’t believe in anything other than ‘survival of the fittest’ - and see themselves in that category. But I also believe that there is a huge extent to which it is simply blackmail that has ensured compliance and collaboration. To the extent that is true, one must then ask, ‘What could be so damaging; so life-threatening, to accomplish that goal, and maintain the silence of all in the grip of such blackmail?’ I believe there is only one thing left in our culture with that kind of power; child sex of one description or another… And I don’t think it’s a coincidence that virtually ALL of the elite, in every single category of our national institutions and cultural life, have been making pilgrimages to China over the past two decades. But, maybe I’m overlooking something?
Regardless, God help us indeed! May He bring revival of true worship and belief in the hearts of our people, and transform our wicked, deceitful hearts into hearts that truly love the others in our midst, more so than self… May He continue to hold back this tide of evil, and bring multitudes into a saving relationship with Himself, by the sacrifice of Jesus Christ.
I really think all of this is conventional wisdom, but from a macro economic viewpoint, it doesn't really matter as much as many thinkers believe. First, as Thomas Piketty has pointed out, the norm of history is little to no real economic growth. Secondly, Piketty points out that the current debt levels are similar to WWII. That Government debt was simply inflated away. And Piketty also makes the point that Slow Growth and Inflation favor the elite class getting wealthy at the expense of the poor (who's life savings become inflated away).
We maybe need to face reality head on: There is going to be a global digital currency system. Ain't nothing stopping that. Whether it is denominated in dollars or not is less the problem than the simple fact that the IMF and Globalist Institution plan on running the digital system and gaining hegemonic fascistic control over the ability to access wealth. (Again something that massively favors the elite).
The question is does it behoove you to get out of dollars early and try to hang on to hard assets. That seems to be a no-brainer. The current inflation is not going away and maybe a purposeful attempt to crash the system to make way for the new system.
But I'm more concerned with Piketty's big miss. He describes economics thusly: There was no economic growth for thousands of years. Familial capital was more important than income. Then during the industrial age, that changed. First it changed in the USA, and since WWII the USA slowed down and it changed in Europe, and now Europe is slowing down and it is happening in Asia. And once a new equilibrium happens...then the world returns to no growth.
This tells you all you need to know about a 'liberal economist'. It never occurs to Piketty to understand: What drove the stunning change in growth in the first place.
The answer (which Piketty no doubt can't admit is Free Markets. If the Democrats are not confronted and stopped (and Mitch McConnell and Kevin McCarthy have no intention of stopping them) then the Free Market is a thing of history, replaced by Oligopolistic Corporatism. Much more dangerous to us all than the denomination of currency is the Globalist Government Corporate Elite rule by edict that we are seeing. Why? Because like any socialist system it will cause resources to be misallocated and it will crush innovation, which is tremendous driver of that economic growth that Piketty doesn't understand.
The collapse of the dollar started with the establishment of the Federal Reserve in 1913 (and with the passage of the 16th Amendment that authorized the income tax). Baron Rothschild once said, paraphrasing, that . . . "it matters not who runs the government of a country; it only matters who controls the nation's money." Nixon sealed the deal in 1971 when he decoupled the dollar from gold. Collapse of the dollar always was inevitable, but the decoupling merely accelerated that collapse timeline. Nothing Trump did could ever have redeemed the fate of the country, which was solely in the hands of the bankers. Until/unless we abolish central banks, particularly the FED, we never will be able to get this country on a firm financial footing. Fiat currencies always eventually fail; the dollar is no exception.
Love your work JD, but I’d like to suggest you broaden your focus in terms of ‘who’ bears responsibility for our malaise… It was most certainly NOT solely the responsibility of ‘the Biden Administration’… It became abundantly clear during the 2020 election, that there were many, many, long-term Republicans who had (for whatever reason) betrayed the trust and confidence of the entire country, but most definitely the Republicans, Independents, Libertarians, or even the patriotic and thoughtful Democrats who stood against the Progressive (Globalist/Marxist) wave that has swept to ascendency since November 2020.
Everything that has happened since then has only served to more clearly expose the faithless betrayal of our nation’s elite class; whether they belong to the political, corporate, financial, educational/academic, high-tech, or military echelons…
The only real question is, ‘why’? I believe there is a mixture of motives, ranging from the ‘true believers’ to those who don’t believe in anything other than ‘survival of the fittest’ - and see themselves in that category. But I also believe that there is a huge extent to which it is simply blackmail that has ensured compliance and collaboration. To the extent that is true, one must then ask, ‘What could be so damaging; so life-threatening, to accomplish that goal, and maintain the silence of all in the grip of such blackmail?’ I believe there is only one thing left in our culture with that kind of power; child sex of one description or another… And I don’t think it’s a coincidence that virtually ALL of the elite, in every single category of our national institutions and cultural life, have been making pilgrimages to China over the past two decades. But, maybe I’m overlooking something?
Regardless, God help us indeed! May He bring revival of true worship and belief in the hearts of our people, and transform our wicked, deceitful hearts into hearts that truly love the others in our midst, more so than self… May He continue to hold back this tide of evil, and bring multitudes into a saving relationship with Himself, by the sacrifice of Jesus Christ.
I really think all of this is conventional wisdom, but from a macro economic viewpoint, it doesn't really matter as much as many thinkers believe. First, as Thomas Piketty has pointed out, the norm of history is little to no real economic growth. Secondly, Piketty points out that the current debt levels are similar to WWII. That Government debt was simply inflated away. And Piketty also makes the point that Slow Growth and Inflation favor the elite class getting wealthy at the expense of the poor (who's life savings become inflated away).
We maybe need to face reality head on: There is going to be a global digital currency system. Ain't nothing stopping that. Whether it is denominated in dollars or not is less the problem than the simple fact that the IMF and Globalist Institution plan on running the digital system and gaining hegemonic fascistic control over the ability to access wealth. (Again something that massively favors the elite).
The question is does it behoove you to get out of dollars early and try to hang on to hard assets. That seems to be a no-brainer. The current inflation is not going away and maybe a purposeful attempt to crash the system to make way for the new system.
But I'm more concerned with Piketty's big miss. He describes economics thusly: There was no economic growth for thousands of years. Familial capital was more important than income. Then during the industrial age, that changed. First it changed in the USA, and since WWII the USA slowed down and it changed in Europe, and now Europe is slowing down and it is happening in Asia. And once a new equilibrium happens...then the world returns to no growth.
This tells you all you need to know about a 'liberal economist'. It never occurs to Piketty to understand: What drove the stunning change in growth in the first place.
The answer (which Piketty no doubt can't admit is Free Markets. If the Democrats are not confronted and stopped (and Mitch McConnell and Kevin McCarthy have no intention of stopping them) then the Free Market is a thing of history, replaced by Oligopolistic Corporatism. Much more dangerous to us all than the denomination of currency is the Globalist Government Corporate Elite rule by edict that we are seeing. Why? Because like any socialist system it will cause resources to be misallocated and it will crush innovation, which is tremendous driver of that economic growth that Piketty doesn't understand.
The collapse of the dollar started with the establishment of the Federal Reserve in 1913 (and with the passage of the 16th Amendment that authorized the income tax). Baron Rothschild once said, paraphrasing, that . . . "it matters not who runs the government of a country; it only matters who controls the nation's money." Nixon sealed the deal in 1971 when he decoupled the dollar from gold. Collapse of the dollar always was inevitable, but the decoupling merely accelerated that collapse timeline. Nothing Trump did could ever have redeemed the fate of the country, which was solely in the hands of the bankers. Until/unless we abolish central banks, particularly the FED, we never will be able to get this country on a firm financial footing. Fiat currencies always eventually fail; the dollar is no exception.