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In case you didn't already know, a healthy economy doesn't need regular stimulus injections of fake fiat money
And the US economy isn't just unhealthy, but actually an imposter of its own
time for a thread
And the US economy isn't just unhealthy, but actually an imposter of its own
time for a thread
1/ First, we know that the economy won't survive without life support as we were warned by @JanetYellen
"any delays or insufficient support in implementing Biden’s stimulus plans could lead to lasting economic damage"
and of course, if the economy was healthy...
"any delays or insufficient support in implementing Biden’s stimulus plans could lead to lasting economic damage"
and of course, if the economy was healthy...
2/ It wouldn't need constant injections of fake money, as warned, it certainly does, because it's all fake
Interest rates are fake, prices are fake, even the output is fake, as it's all depressed, controlled, and perverted
and it's only grown and gotten worse over a century...
Interest rates are fake, prices are fake, even the output is fake, as it's all depressed, controlled, and perverted
and it's only grown and gotten worse over a century...
3/ fake money really took off in 1971 when the dollar left gold, with most people not even noticing
This single shift to counterfeit money helped the elite transfer wealth from 90% of main street to the 10% on wall street
see it illustrated perfectly https://wtfhappenedin1971.com/
This single shift to counterfeit money helped the elite transfer wealth from 90% of main street to the 10% on wall street
see it illustrated perfectly https://wtfhappenedin1971.com/
4/ When you create fake money and artificially suppress the price of money, the whole system gets out of whack
Savings plummet, debt skyrockets, businesses don't invest in R&D and factories, and investors instead choose to gamble and speculate
The economy shifts from producing
Savings plummet, debt skyrockets, businesses don't invest in R&D and factories, and investors instead choose to gamble and speculate
The economy shifts from producing
5/ Real wealth, as in goods and services, and instead becomes "Financialized" https://www.forbes.com/sites/mikecollins/2015/02/04/wall-street-and-the-financialization-of-the-economy/?sh=2b3a16d45783
6/ Financialization drives down real growth and output.
as we can clearly see from the data. GDP growth rates used to be around 5%, but in post-2008 times, its been half that number https://www.macrotrends.net/countries/USA/united-states/gdp-growth-rate
as we can clearly see from the data. GDP growth rates used to be around 5%, but in post-2008 times, its been half that number https://www.macrotrends.net/countries/USA/united-states/gdp-growth-rate
7/ No amount of money printing by the Fed seems to make a difference...
We were told they "had to" print and inject nearly $7Tril of new fake money into the system to keep it going
but did it work? https://www.nytimes.com/2020/03/23/business/economy/federal-reserve-how-rescue.html
We were told they "had to" print and inject nearly $7Tril of new fake money into the system to keep it going
but did it work? https://www.nytimes.com/2020/03/23/business/economy/federal-reserve-how-rescue.html
8/ JPMorgan Chase CEO Jamie Dimon said that if previous growth rates had been maintained, U.S. GDP would have been more than double what they were...
If he has the numbers right, it means that American families each lost an average of about $100,000 in the last 10 years alone.
If he has the numbers right, it means that American families each lost an average of about $100,000 in the last 10 years alone.
9/ at the base of the problem boils down to something simple, yet misunderstood by many
It is the Government -
which sets the policies for us all to build and work on, which leads to something called "Capital Formation" https://www.investopedia.com/terms/c/capital-formation.asp
It is the Government -
which sets the policies for us all to build and work on, which leads to something called "Capital Formation" https://www.investopedia.com/terms/c/capital-formation.asp
10/ Capital Formation is the process of building up the capital stock of a country through investing in productive plants and equipment and...
it is the thing that separates free, rich societies from poor, slave economies and why income higher in the US https://www.investopedia.com/articles/markets-economy/090616/5-countries-most-money-capita.asp
it is the thing that separates free, rich societies from poor, slave economies and why income higher in the US https://www.investopedia.com/articles/markets-economy/090616/5-countries-most-money-capita.asp
11/ Free people accumulate capital, save money, start businesses, create goods and services that bring more wealth to everyone
Unfree people don't because, why bother accumulating wealth if it can just be taken away or have the rules changed with fake money and interest rates
Unfree people don't because, why bother accumulating wealth if it can just be taken away or have the rules changed with fake money and interest rates
12/ Time and resources are scarce and finite. They can either be used to create more wealth (capital formation)… or they can be consumed.
Gov, in most cases, are consumers and distributors of wealth that is created by the private sector
So... the solution is simple...
Gov, in most cases, are consumers and distributors of wealth that is created by the private sector
So... the solution is simple...
13/ While there is no example of a truly free market, we do see, the smaller and less intrusive the government, relative to the private sector,
the richer and freer the society
The more time taken up gov regulation, the less is left for the free, win-win, private sector
the richer and freer the society
The more time taken up gov regulation, the less is left for the free, win-win, private sector
10/
