Some say capitalism has failed America But really, America has failed capitalism.

Capitalism needs capital. Real money, but instead, The feds gave it fake money. And fed into one of the most elegant and subtle scams in history

Time for a thread

1/ If you have an incomplete understanding of the word "capitalism" or of how the banking and money system works... hang on, this could be a lot to take in

We are witnessing in full display, with no regard to try and hide the theft

2/ from the elite "fake capitalist" getting the gains and lining their pockets, while the losses are put onto the tabs of the working class, either as:
a.) devalued currency that purchases less and less, or
b.) more national debt socialized by the fed gov and no economic growth

3/ we know there is a misunderstanding as the elite tell us that “capitalism” is to blame for the growing gap between rich and poor.
They tell us that "income inequality is caused by capitalism" and even that
"The system is irredeemable.”

4/ To make this simple, there are only 2 ways of doing things.
1.) voluntarily, with win-win deals…
2.) involuntarily, by telling others what to do.

Capitalism only makes sense as a voluntary, win-win system. Socialism is different.

5/ With Socialism, an elite decides who gets what, by imposing win-lose deals – price-fixing, involuntary employment, tariffs, taxes, regulations – at the point of a gun.

Now I know, there is no such thing as pure capitalism or pure socialism…

6/ Its always a blend of the 2, even in a communist system, people will still try to get along and make black-market (win-win) deals
Over time, either rulers loosen up so more win-win deals take place (China)… or the system falls behind (North Korea) and eventually, falls apart

7/ And In a capitalist system, there will always be some people using the feds’ power to force win-lose deals on others.
Over time, more and more of them succeed, and the capitalist system becomes more and more corrupt.

And here is where things start to fall apart...

8/ In a free, capitalist system, poor and middle-income people sell their time, it's all they have
Then, if they manage their finances properly, they accumulate savings and eventually have enough capital to retire comfortably…
perhaps passing any extra on to the next generation

9/ The rich, have capital, in the form of stocks, bonds, or real estate. This capital is often a bigger source of income than their time. and can be leveraged to buy more assets to bring in more income, allowing them to grow their capital base if managed properly...

10/ But what if... the feds introduced a new kind of money that wasn’t real capital? This new form of money represented no savings, no invention, no output, no labor, no profit, no forbearance, no sweat, no innovation, and no real increases in GDP?

11/ And then, what if the feds loaned this fake money to the elite and connected capitalists at fake, artificially low rates?
And what if they used this fake money – with $5+ trillion added in 2020 – to buy the capitalists’ assets, but not the working man’s time?
And what if...

12/ When the markets tried correcting the inflated asset prices… in 2000, 08, 18, and 20… the feds just kept adding in more and more fake money, turning Wall Street into a win-lose deal, where capitalist insiders won big and the poor were left with $30 trillion more in debt?

13/ and now you are starting to get a glimpse of how the Fed is responsible for gumming the whole system up.
this system we have is far from capitalism, at least "Free Market" capitalism, and the real problem starts with the "Fake Money" the fed puts into the system.

14/ money must represent real labor, output, and savings. It must have a true cost of capital. Gold worked because of the limited amount and cost of production. #Bitcoin is backed by the same true cost of capital and even more limited.

It's time to Make Money Great Again #MMGA