America's Real Crash both Foreign and Domestic
H.L. Mencken had it right when he warned; The most dangerous Person to any Government is the Person who can read and figure things out for themselves ...to paraphrase.
The United States’ Monetary Deceit comes at the expense of other Foreign Economies’ performance. Abandoning the Dollar as the Reserve Currency will prove beneficial for their own Self-interests, Russia and China have certainly figured this out. OPEC+ Countries are now getting that Memo, and BRICS Countries will certainly take full advantage of this fact too.
“The World Community has to live beneath its means to enable American Taxpayers and Consumers to live beyond their means. The rest of the World Community has to under-consume, save, and make that available to the US and finance huge US Trade Deficits. This is now causing problems of all sorts — not only the drain on the Resources of these Economies, keeping Interest Rates artificially low to help sustain the Dollar, ending up with Asset Bubbles, misallocated Resources, and diminished Economies.
We’re exporting our Fiat Monetary Policy around the World Community. The sooner the World moves on to Sound Honest Money, the better off they’re going to be. Trillions of Debt, Deficits, and Dependency are the worst habits in a country, inevitably undermining Currency:
It’s like someone who smokes cigarettes, and the Doctor tells them, ‘You know you’ve got to quit those cigarettes. You’re going to get cancer!’ But they keep smoking, and they don’t have cancer. They don’t quit until they go to the Doctor and he says, ‘Oh you know what? You’ve got cancer!’ And then it’s like, ‘Oh shoot, I better quit smoking!’ Well, it’s a little late for that, right? You should have quit a long time ago, but you think, Well, I haven’t developed cancer yet, so I guess I can keep smoking.
By the time we get the Economic Collapse, it’s too little too late to fix it.
The United States’ Monetary Deceit comes at the expense of other Foreign Economies’ performance. Abandoning the Dollar as the Reserve Currency will prove beneficial for their own Self-interests, Russia and China have certainly figured this out. OPEC+ Countries are now getting that Memo, and BRICS Countries will certainly take full advantage of this fact too.
“The World Community has to live beneath its means to enable American Taxpayers and Consumers to live beyond their means. The rest of the World Community has to under-consume, save, and make that available to the US and finance huge US Trade Deficits. This is now causing problems of all sorts — not only the drain on the Resources of these Economies, keeping Interest Rates artificially low to help sustain the Dollar, ending up with Asset Bubbles, misallocated Resources, and diminished Economies.
We’re exporting our Fiat Monetary Policy around the World Community. The sooner the World moves on to Sound Honest Money, the better off they’re going to be. Trillions of Debt, Deficits, and Dependency are the worst habits in a country, inevitably undermining Currency:
It’s like someone who smokes cigarettes, and the Doctor tells them, ‘You know you’ve got to quit those cigarettes. You’re going to get cancer!’ But they keep smoking, and they don’t have cancer. They don’t quit until they go to the Doctor and he says, ‘Oh you know what? You’ve got cancer!’ And then it’s like, ‘Oh shoot, I better quit smoking!’ Well, it’s a little late for that, right? You should have quit a long time ago, but you think, Well, I haven’t developed cancer yet, so I guess I can keep smoking.
By the time we get the Economic Collapse, it’s too little too late to fix it.
