For most people, 'if it ain't broke, don't fix it' applies. However, there are a few who aren't satisfied with such 'mediocracy'. An utopian society is an 'equal' society, cries the humanist.
The economic 'crash' that affected the entire world these past 2 years served as a lesson to be learned. Whereas in the past, most sovereign governments would try to fix the problems by tackling economical mishaps such as trade deficits, budget deficits, inflation, etc. nowadays the opposite appears to be true. It seems that the best way to 'fix' this problem of deficits/debts, is to go bankrupt.
What happened with AIG, the insurance company? How many 21st century customers know they are insured with what used to be AIG? It went bankrupt, it was 'bailed out' and it is now known as 21st century insurance. It just got a 'fresh start', put on a new name and Bingo! As easy as that. Bankrupt individuals, after a few years, also get a 'fresh start'. They get to keep their name but there is simply an asterisk by it. What about the banking industry? Well, the 'bailout' also applied to banks as well. The largest banks were given money and they in turn 'bought off' smaller banks, thus consolidating the banking industry. The banking industry is also responsible for the housing market which also suffered a crash due to subprime lending. So American banks, homes, insurance and auto industries ALL were helped out by the American government. In other words, the government took on this debt.
In order to buy this debt, money had to materialize. The US has a central bank called the federal reserve, or The Fed.* The Fed has the power to put more money in circulation but it is not an entity of the US government. The problem with this is that the more paper floating around, the less that paper is worth(inflation). Ever since the fiat system went into existence in the 70's, the flow of paper has been basically unchecked. The question I ask is, if the government is drowning in debt, and it is buying out American debt with American money, how soon will the American currency(dollar) stay put? Economics experts like Niall Ferguson http://www.youtube.com/watch?v=ML4sjhesCTA, Marc Faber http://www.youtube.com/watch?v=j_ZHqhGQCrc, Ron Paul http://www.youtube.com/watch?v=cu_bT4-PBkM, and Peter Schiff http://www.youtube.com/watch?v=NkEtArDFNYA all agree that the green note will soon fall apart. After pondering this question, I thought of the possibility that the American government may be overspending deliberately to start anew, or get a 'fresh start', just like the banks, insurance companies, and even individuals have gotten. The best way to start anew, is to simply disregard the present state of the problem and actually HASTEN its demise by doing what was already being done, that is, spend recklessly, and doing so at a faster rate. In the US, more banks have failed these last few years than ever before. Which means what? There is a consolidation process already taking place.
To be continued...
4/1/19 UPDATE
...The only thing standing in the way of the New Socialist Order, is the capitalist empire, the whore, "with whom the kings of the Earth committed adultery" and with whom "the inhabitants of the earth were intoxicated by the wine of her adulteries.”
Everything revolved around the whore and she was responsible for manufacturing the money that would later be re-distributed to the rest of the world at her expense (since she is the main culprit, in the polluting of the earth) once she is dealt away with.
For it is written:
“The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages. 16 The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority, until God’s words are fulfilled. 18 The woman you saw is the great city that rules over the kings of the earth.”
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