U.S. Government & Our Money Are Doomed…
and 90% of Americans are and will be suffering because of it. This is a “Thank You” to the jackasses running the economy. Advanced democracies are based on making promises now and making good on them later. Without economic productivity politicians cannot make good on all the promises they make to continue getting them elected.
For the first time in 30 years productivity is falling in the U.S. which sparks fears of the populist Sanders/Trump backlash. This means wages and economic growth are stagnate so most of us are getting poorer after 200 years of vigorous growth prior to the 1980s.
The Federal Reserve Bank, the Democrat and Republican establishment and Wall Street all colluded, knowingly or unknowingly, to replace precious real savings with unlimited phony savings in the form of interest free, credit-backed newly printed, uncollateralized money based on nothing more than faith….faith that the good name of the U.S. government guaranteed the money and credit is good. But when something is available free in unlimited quantities, people squander it…squandered on stock share corporate buybacks… speculation… zombie giveaways… crony contracts, you name it.The U.S. government has been kicking the can down the road for years and it will soon cause a global financial crisis. Thanks to their reckless behavior
In turn, while all the phony investing is going around, real savings, capital formation, and investment — the kind that’s necessary to boost real growth and productivity, is going down.
While the good, faith based debt in the 1990s financed the construction of the Internet, most of the faith based debt today has been used for phony financial engineering, for example, corporations borrowing money interest free to buy back their own stock which drives the prices of their own stock higher making them look healthier than they really are. Meanwhile, the government prints more and more non-collateralized money and then gives it away interest free so everyone is taking on more and more debt…and all this since the worldwide economic collapse of 2008 which taught the jackass government little or nothing.
Financial engineering instruments are not productive investments for substantiated real growth. It’s all phony growth kicking the world economy, accountability can down the road for future generations to deal with until the chickens come home to roost.
Especially in today’s global economy, if you cannot create real productivity you are dead in the water and doomed to eventual poverty.
Material progress has come to an end and our system of government is doomed…and your money too and when it happens, you will wake up one morning to a catastrophic world economic mess. It always happens quickly because otherwise it would give the masses time to panic and those in control cannot allow panic. When catastrophy happens it needs to happen relatively all at once, seemingly almost overnight, then, and only then, those in control will try and figure out how do deal with it at that time, BUT THIS TIME IT WILL BE DIFFERENT unlike what they did to put the fix in during the 2008 banking collapse.
THIS TIME — it will be bigger than world banks collapsing and financial engineering will not work because when governments collapse financially there is no one to rescue them…except the taxpayers who will do the suffering by paying higher taxes, losing jobs, homes and savings being confiscated by the government to support the old and new poor and only those with a skill will be able to make a living when the money goes into hyperinflation which is what naturally should’ve been allowed to happen during the 2008 worldwide banking collapse but the politicians did not have political guts to allow a 1930s type depression to occur so they conjured up the great financial engineering experiment.
All around the world, voters are losing faith in the establishment political and business elite due to the cancerous programs and policies of the Deep State’s insiders.
SUPPLEMENTAL SOURCE: BILL BONNER & PARTNERS JUNE 4, 2016
COURTESY: FREEwayOut.com