Dear Friends,
It seems to me, it’s very possible the US dollar is beyond saving at this point. The Brics nations and their alternative currency shouldn’t be a pot hole in the road, for the dollar, except the world’s elite have decided the dollar has to go. How could I say such a thing? Simply judging by actions, and results… not by stated intentions. The US elites are taxing, borrowing and printing their way to our bankruptcy. Even as the Federal Reserve openly transfers wealth from the private sector to the government. To be washed into the hands of corrupt politicians and their bootlicks. Every historical example of a nation with the debt to GDP of the US today… has failed. With literally ten thousand new welfare recipients a month, monetizing the debt, and the open corruption… the Dollar is on its way out.
The Federal Reserve is squeezing the consumer in the form of ever higher interest rates, even as the federal government increases spending two dollars for every dollar squeezed out of the consumer… resulting in more inflation, less productivity, and a transfer of wealth from the private sector to the government. I suspect the plan is to gradually move ever more business, from private hands to public and corporate hands, until the whole economy is run by the experts. Then we’ll have socialism in all but name. Destroying currencies is a longstanding way to impoverish a people, creating the problem that results in a Hegelian solution. By making it harder and harder for individuals to do business and stay afloat, the Fed is crushing the little guy, so the big guys can profit.
Interest on the debt is going to surpass a trillion dollars a year in short order. That’s baked into the cake. The debt, and more importantly, the interest on that debt will soon exceed private sector GDP. Once that happens the dollar is a goner. As private sector GDP shrinks due to high interest rates, regulations and cronyism, the foundation upon which that debt’s based, shrinks. Even as the debt grows by a trillion every three months at the writing of this article. Failure of the dollar must come after the debt’s interest exceeds the size of the private sector. Leading to the elite’s preferred solution, to their abject failure, a central bank digital currency, CBDC. Giving the failures even more power and control, to fail even more spectacularly next time, after they’ve harvested another cycle of grift from us.
Argentina paved the way to cyclical hyperinflation, as a means to harvest wealth from the people, redistributing that largess to the parasites. Hyper inflate the currency by giving millions to cronies, take billions in international loans to pay off the debt, pocket some and issue new currency, hyper inflate that currency to oblivion, then repeat. Each cycle skimming a huge amount of wealth from productive people and transferring it to the parasitic elite. Now Argentina is totally screwed so they are clutching at anyone. If Milie is telling the truth, and does what he claims he will, the moment he has the finances and economy on track, the socialists will take over and begin the cycle anew. As they did in Britain to Winston Churchill after WWII. The elite in Argentina, Europe and the US are of the same ilk.
The dollar was inflation proof as the world’s reserve currency, until the elite shut down the economy, cutting aggregate supply, as they issued huge amounts of stimulus to their chums and a few pennies to us, driving up aggregate demand. Creating shortages as they drove up demand. Brilliant. The elite broke the unbreakable. Now that’s talent. Their creating inflation in the world’s reserve currency, has shocked the world, investors and holders of American debt. In the end, a fiat currency has only the value given to it by public opinion. Inflation, unlimited money printing, and a shrinking private economy the whole thing rides on is a super highway to collapse. As the exits pass, faster and faster, one has to wonder, what’s at the end? A sheer drop or a brick wall? Either way, you’ve been warned.
Sincerely,
John Pepin
