The Heart Of The Nation’s Corrupt Money System

Week 15 of the Quarantine

Fun, fun, fun, ‘til her daddy takes the T-bird away

– The Beach Boys

SAN MARTIN, ARGENTINA – Last week, we saw how the fake-money system has created two very different countries.

To put it in its starkest form, in one of them, you get killed for passing a fake $20 bill. In the other, you get your mug on TIME Magazine’s cover as a “hero” for passing trillions of them.

In one of them, you get 33 times more “stimulus” money than in the other.

In one of them, you can expect a good job with a rising income. In the other, you’ll be lucky if you have a job at all.

These two Americas weren’t the product of natural economic evolution. They’re the sour fruit of a corrupt, fake-money system.

Last week, we saw how the fake-money system makes something as loony as reparations seem plausible. This week, we wonder about what else might be coming down the pike.
 

Circuit Breaker

We begin with a look at what happens when the fun stops. That is, when the T-Bird gets taken away. Here’s MarketWatch:

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency against its major rivals, citing increases in the nation’s deficit and dwindling savings.

The lecturer said during CNBC’s “Trading Nation” on Monday that the rise of China and the decoupling of the U.S. from its trade partners is setting the stage for a dramatic weakening of the U.S. currency in the next few years that is likely to end the supremacy of the monetary unit as the world’s reserve currency.

The dollar is a kind of “circuit breaker,” the weakest link in the whole fake-money chain. The feds have almost unlimited power. They can pay off their cronies and make the rich richer. They can give $1,200 checks to everyone.

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