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No future for debt money
"This also bodes ill for the recent Bitcoin bubble, which has been almost entirely driven by Chinese money-launderers. The Chinese government has the whip-hand over the blockchain. "
China's capital controls are working, and that's bursting the global real-estate bubble / Boing Boing
The IRS has millions of unpaid employees; everybody who fills out a 1099 form or a 1040 form,, every guy in a tire shop who collects federal excise tax on tires,,, every accountant,,, pretty much every GOV agency, they all work to help the IRS. California GOV is considering blocking payments to FED GOV.
California Threatens To Cut Off Funds To Washington | Zero Hedge
This could get very interesting.
"Ron Paul noted that he thinks U.S. policy has created a “failed system” in the country. “All empires end and we’re the empire. It’s going to end and it’s going to be for economic reasons…we’re going to fail because we’re working within a failed system…this is a monetary problem…a spending problem…it’s going to be financial,” Paul emphatically claimed, once again stating the collapse of America is imminent.
“We have something arriving worse than 2008, 2009, much worse…It is the fault of the Federal Reserve,”
"We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis.”
Ron Paul: The Fed Is Tanking The Economy To Damage Trump - Your News Wire
The contagion of the crash will move almost instantaneously because we live in a world "without distance". https://medium.com/the-nonlocal-jour...55e#.lb6z0c73b
The world is rushing headlong into automation and needs fewer and fewer workers. The labor force on OECD States is shrinking. You would think that there would be some sort of match between workers needed and workers available. It doesn't seem to work that way because world aggregate earning power is shrinking. Automation drives down prevailing wages. As the growth of the earning class shrinks, the dependency class grows and grows.
Age dependency ratio (% of working-age population) | Data
The shrinkage of the working class is offset by the growth of machine intelligence and machine production. Project that forward and you will perceive that the dependent class will grow until it creates a nova in the debt-money system. There is already talk of taxing robots.
As we get increasing automation, we get increasing larger debt bubbles. The credit system is trying to adjust to a fall in aggregate spending power.
Each bubble-burst requires a bigger bubble to follow because there is never a bubble in wages.
Armstrong has predicted a blowup in Sovereign debt. Should that happen, the credit system will never get up off the floor,,, in spite of the SDR. We either go to debt-free money, created as the economy needs it OR we drag along the bottom like Japan. There will never be enough international cooperation for the SDR to hold sway. Every State will be futilely trying to keep it's workers employed. The malaise will drive down the birth rate even lower,, witness Japan.
The investor class who move around the free money to create interest-loads on everything that they touch just doesn't perceive that the banking system and the birth rate are in a giant collision with automation. They will always resist creating money as a public utility. Population growth decreases, wages decrease, discretionary spending decreases. But, the credit system tries to grow.
"They" survive only by inflating the money supply. The resulting price inflation is starting to create BIG problems.
https://www.fastcoexist.com/3067513/...n-just-5-years
A corporation has no perception of the travails of the common man. This can lead to a "let them eat cake" moment.
"This also bodes ill for the recent Bitcoin bubble, which has been almost entirely driven by Chinese money-launderers. The Chinese government has the whip-hand over the blockchain. "
China's capital controls are working, and that's bursting the global real-estate bubble / Boing Boing
The IRS has millions of unpaid employees; everybody who fills out a 1099 form or a 1040 form,, every guy in a tire shop who collects federal excise tax on tires,,, every accountant,,, pretty much every GOV agency, they all work to help the IRS. California GOV is considering blocking payments to FED GOV.
California Threatens To Cut Off Funds To Washington | Zero Hedge
This could get very interesting.
"Ron Paul noted that he thinks U.S. policy has created a “failed system” in the country. “All empires end and we’re the empire. It’s going to end and it’s going to be for economic reasons…we’re going to fail because we’re working within a failed system…this is a monetary problem…a spending problem…it’s going to be financial,” Paul emphatically claimed, once again stating the collapse of America is imminent.
“We have something arriving worse than 2008, 2009, much worse…It is the fault of the Federal Reserve,”
"We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis.”
Ron Paul: The Fed Is Tanking The Economy To Damage Trump - Your News Wire
The contagion of the crash will move almost instantaneously because we live in a world "without distance". https://medium.com/the-nonlocal-jour...55e#.lb6z0c73b
The world is rushing headlong into automation and needs fewer and fewer workers. The labor force on OECD States is shrinking. You would think that there would be some sort of match between workers needed and workers available. It doesn't seem to work that way because world aggregate earning power is shrinking. Automation drives down prevailing wages. As the growth of the earning class shrinks, the dependency class grows and grows.
Age dependency ratio (% of working-age population) | Data
The shrinkage of the working class is offset by the growth of machine intelligence and machine production. Project that forward and you will perceive that the dependent class will grow until it creates a nova in the debt-money system. There is already talk of taxing robots.
As we get increasing automation, we get increasing larger debt bubbles. The credit system is trying to adjust to a fall in aggregate spending power.
Each bubble-burst requires a bigger bubble to follow because there is never a bubble in wages.
Armstrong has predicted a blowup in Sovereign debt. Should that happen, the credit system will never get up off the floor,,, in spite of the SDR. We either go to debt-free money, created as the economy needs it OR we drag along the bottom like Japan. There will never be enough international cooperation for the SDR to hold sway. Every State will be futilely trying to keep it's workers employed. The malaise will drive down the birth rate even lower,, witness Japan.
The investor class who move around the free money to create interest-loads on everything that they touch just doesn't perceive that the banking system and the birth rate are in a giant collision with automation. They will always resist creating money as a public utility. Population growth decreases, wages decrease, discretionary spending decreases. But, the credit system tries to grow.
"They" survive only by inflating the money supply. The resulting price inflation is starting to create BIG problems.
https://www.fastcoexist.com/3067513/...n-just-5-years
A corporation has no perception of the travails of the common man. This can lead to a "let them eat cake" moment.
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