@archeohistories
Fascinating fact: the dark ages in Europe effectively ended when the Knights Templar brought back so much treasure from their travels.
A new monetary era formed & they were heavily involved in some rather questionable banking activities.
@WallStreetSilv
Hardly surprising that the people are sick of the far left:
Unfettered ilegal immigration
Entrenched inflation
Taxes
Debt
Collapsing infrastructure
Desire for continual conflict
Private sector in recession
Censorship
@zerohedge
Hardly surprising that the people are sick of the far left:
Unfettered ilegal immigration
Entrenched inflation
Taxes
Debt
Collapsing infrastructure
Desire for continual conflict
Private sector in recession
Censorship
@theRealKiyosaki
The scale of western corruption is mind blowing
Disposable income crushed by Bolshevism; stagnant wages, inflation & tax
Higher rates causing debt deflation as debt service payments increase reducing potential GDP
Now, Kangaroo courts & then war?
A vast wealth transfer
@GoldTelegraph_
The real surprise here is that India, & other countries, haven't done this sooner.
Trust has long been eroded by the Bank of England.
Particularly after the freezing of Venezuela's gold.
But then they're all part of the same banking cabal.
@KimDotcom
The sheer scale of the interest cost restricts current & future GDP growth.
Consumption, saving & investment fall preventing any gains in productivity.
The real economy is hobbled by this wealth transfer to the parasitical creditor oligarchy
@Artemisfornow
Compare to Hungarian policy of boosting the native population:
Young couples offered interest-free loans of £27,400, to be cancelled once they have 3 kids
Housing subsidies
State support for those buying 7-seater vehicles
@WallStreetSilv
The banks, in concert with the government, are society's central planners.
They preside over
Extreme house price inequality
Taxation
Inflation
Falling real wages & eroded savings
& A private sector recession.
@profstonge
This is the unsurprising element within socialism.
It is inflationary & thereby decimates the very classes that it pretends to defend.
And so much for equality.
The biggest inequality is between taxpayers & their elected representatives.
@profstonge
@TimPrice1969
MMT is simply massive state expansion by 3 means:
1. More money or debt
2. More administrators of spending
3. More tax bureaucrats to combat their inflation.
It's the ultimate decimation of the productive economy.
@KobeissiLetter
Debt trap economics 101:
1.Lure them in with ZIRP/ rising prices/ business projections
2.Expand money supply, increase taxes to destroy the purchasing power of wages & savings
3.Increase rates to combat inflation & transfer funds/ assets to financial oligarchy
@WallStreetSilv
Use cash!
Whenever & wherever you can.
It's one crucial means by which we can fight back against digital tyranny, CBDCs & the unproductive rentier economics of the creditor oligarchy.
@WallStreetSilv
No surprise 🤷♂️
The government ignores the inflation caused by excessive deficits & continues to expand itself, doing so at the expense of the private sector
The government produces nothing0⃣
The productive sector ↘️ & the inflationary consequences are imposed on the people💵
@WallStreetSilv
This encapsulates all the evils of statism:
Inflation via excessive state expansion
Imposition of excessive taxation
Fostering of division
Erosion of liberty
So sad to see
@KimDotcom
Western governments want confrontation to maintain the continued expansion of the state, its inflation, tax rises & tyranny.
But the world's central banks will be the war financiers & they're all on the same page.
All discussed at the BIS & through other key proxies.
@WallStreetSilv
This is how a country acknowledges its defaulting on its debt:
1. Ignore monetary aggregates & allow entrenched inflation
2. State expansion at expense of private sector
3. Raise taxes
4. No growth & no middle class
@unusual_whales
Awful.
1. Create inflation - Erodes real wages & savings
2. Increase rates - Debt service costs rise
3. Savings balances are eroded
4. Offer exploitative credit
3 & 4 reinforce the inflationary effect & cycle begins again
But the gov't want nominal debt to GDP to fall
@WallStreetSilv
Meanwhile, in communist China, the middle class is growing & citizens are encouraged to buy gold to preserve wealth
In the west, real wages stagnate & employment figures are boosted by part-time jobs
Taxes are eroding disposable income & household debt has been increasing.
🤬
@Culture_Crit
Sadly, this was only one of many great libraries lost in antiquity.
Consider, these 3 for instance:
1. Library of Nineveh (Assyria):
Founded in the 7th century BC, it was one of the oldest libraries in the world. It housed clay tablets containing a vast amount of information
@Culture_Crit
Nice account. Other key points of note:
1. The exploitation of the silver to gold ratio depleted Roman silver supplies as the creditor oligarchy exported coinage to India & the east. There the ratio was as low as 4:1 & 12:1 in Rome.
2. European gold & silver supplies were
@WallStreetSilv
This is the unsurprising element within socialism.
It is inflationary & thereby decimates the very classes that it pretends to defend.
And so much for equality.
The biggest inequality is between taxpayers & their elected representatives.
@KimDotcom
The irony...
Those same central planners who believe they can fine-tune the planet's thermostat can't seem to avoid steering us toward nuclear winter.
@profstonge
The Chinese social contract, post 1989, became highly results driven
For as long as living standards & life expectancy improved, the CCP was safe from any uprising
For 20yrs, China has faced warnings of imminent implosions, so it will be fascinating to see how this unfolds.
@WallStreetSilv
It's almost incomprehensible what is happening in Canada.
The velvet glove & iron fist of communism encapsulated by
Taxes
Inflation
Debt
A bloated bureaucratic state
A decimated private sector
Erosion of liberties
😢
@zerohedge
The solution to their debt is always more debt.
This is the root of their power, generating inflation, increased taxation & the addition of public debt to one's private debts.
Without debt, the state cannot impose its tyranny.
@KobeissiLetter
It's not a fight against inflation.
It's Washington's policy of choice.
Inflation could be stopped quickly by cutting the fiscal deficit, as Argentina has done.
But, their refusal to do so highlights their revealed preference.
@Schuldensuehner
Sadly, Germans will have to get used to this
Financial repression will be used to generate high nominal GDP to bring down debt ratios across France & S. Europe
This requires a wealth transfer from prudent saver (Germans) to borrowers (S. Europe)
Lagarde & Macron 🤮
@profstonge
Stagflation - government expansion at expense of the private sector
Fiscal absurdity leads to:
✅A growing unproductive state
✅Increased taxation
✅Shrinkage of the real, productive economy
✅Falling output
✅Reduction in liberties
@zerohedge
They have known, since the demise of Ancient Greece, that mass influx of immigration hastens the decline of empire
Sadly, they have used the same tactic for millennia
Discontent, demoralization & degradation always follow
@zerohedge
Money supply growth & velocity has now picked up.
Increased transfer payments & more state, unproductive, jobs.
No desire to defend the purchasing power of the currency.
The slow default continues.
@KobeissiLetter
When you expand the unproductive public sector, you finance it via:
Debt
Taxes
Inflation
This cripples the private, productive economy while transferring more wealth to the state
People are made poorer
@profstonge
The entirety of western economic policy is to feed the unproductive, wealth extracting economy at the expense of the productive, private economy.
Less output, more debt, higher prices.
@profstonge
Prior to the abandonment of the Bretton Woods gold peg, floating exchange rates were considered a form of extremist ideology, by all other than the Washington establishment
They promoted them as a bold, radical step forward.
But the reality was that a system of floating rates
@KobeissiLetter
The Game of Debt trap economics:
1. Lure them in with ZIRP/ rising prices/ business projections
2. Expand money supply, increase taxes to destroy the purchasing power of wages & savings
3. Increase rates to combat inflation & transfer funds/ assets to financial oligarchy
@KobeissiLetter
Inflation destroys the middle class.
Working longer hours is a typical response for they are
Most sensitive to rate rises
Get dragged into higher tax bands
Face eroded wages & savings
Meanwhile, tech reduces the marginal pricing power of their labour
@profstonge
But deportation will incur various downsides for statists:
Lower taxes
Reduced government spending & debt
Less crime means less need for new laws, digital IDs, & facial recognition systems
Reduced velocity of money as transfer payments fall
Reduced inflation
Cultural pride
@zerohedge
They won't say this aloud:
However, the persistent & entrenched inflation is Washington's policy of choice.
Wealth extraction from households & businesses to the parasitical class.
@unusual_whales
The middle class is being hit hard:
1. The marginal pricing power of their labour is being eroded by tech
2. Inflation reduces their wages & savings
3. They're sensitive to rate rises
4. They face higher tax bands on wage rises
5. They work longer hrs to combat inflation
@GoldTelegraph_
Throughout history conflict has always been used to usher in the new empire.
The Thucydides trap is commonly cited to understand the conflict between the incumbent & the rising power.
The reality is that all will likely lay exhausted after any such 'hot' conflict.
And over
@unusual_whales
The younger generation have been denied any savings vehicle at all.
Negative real rates
Can't afford to copy their parents & buy a home
Reduced to gambling on Gamestop instead
@WallStreetSilv
It's hard for developing economies to perceive US debt as an asset any longer
1. It's being debased rapidly
2. The engine of its economic strength is being undermined by government expansion
Instead, the US will try to disguise risk forcing banks & citizens to hold UST
@KobeissiLetter
The economic policies are intentionally decimating the middle class.
Real wages are stagnant & employment has simply been boosted by part-time roles.
Higher taxes are eroding disposable income & household debt has been increasing.
It's all a wealth transfer
@archeohistories
Uruk also demonstrates the earliest evidence of silver use. This is dated back to the period (4000-3100 BC).
Bushels of grain were monetized against silver, marking the first use of formal money in society.
Thus, grain and silver served as the primary forms of currency and
@WallStreetSilv
@nickshirleyy
The state loves illegal immigration.
It enables them to increase their budgets for "welfare"
Increase the size of administrators for spending
While crime enables them to legislate more laws while degrading society.
Then they get to raise taxes too.
@BRICSinfo
Western governments want confrontation to maintain the continued expansion of the state, its inflation, tax rises & tyranny.
But the world's central banks will be the war financiers & they're all on the same page.
All discussed at the BIS & through other key proxies.
@WallStreetSilv
Poor woman
In reality, this inflation is just a slow motion default.
A rapid acceleration in the debasement of the currency to transfer wealth from private households to the state & its financial industrial complex.
@WallStreetSilv
Statism:
The creation of so much excess money, which imposes the government's fiscal recklessness on society through shrinkage of real wages & savings deposits, all in aid of a transfer of wealth to the political establishment.
@archeohistories
It is in the 17th century BC, that Baal first appears in the bible.
Baal meaning lord God of the Phoenicians. Baal was the chief deity of self-interest, a god of fertility, agriculture and rain.
Often associated with a bull, which even in today’s society is linked with
@WallStreetSilv
It'll continue to worsen for as long as the Fed's monopoly can force their IOUs on the citizens & legislate to ensure finance houses have to hold their supposedly 'risk-free' asset.
@Schuldensuehner
You've got 3 key ways of increasing GDP: 1. Add labour. 2. Add capital. 3. Generate total factor productivity.
EU seems to have given up on 2 & 3.
And seems intent on 'replacement migration' (UN term).
Quite sad
@GoldTelegraph_
@Frank_Giustra
They're not being forced at all.
We already have bank digital currencies.
But what they truly want is programmable CBDCs.
Use cash!
It's one crucial means by which we can fight back against digital tyranny & the unproductive rentier economics of the creditor oligarchy
@theRealKiyosaki
Sadly, this is simply the acceleration of Socialism
It is inflationary & thereby decimates the very classes that it pretends to defend.
More tax, inflation & debt.
Yet, things will collapse when the credit tap is turned off.
@MikeCristo8
It's becoming far harder to perceive US debt as an asset any longer:
1. It's being debased rapidly
2. The engine of its economic strength is being undermined by government expansion
Instead, the US will try to disguise risk forcing banks & citizens to hold UST
@elerianm
@NBCNews
They've chosen to ignore accumulated monetary aggregates & let the purchasing power of the currency fall precipitously.
But people see this for what it is:
A massive wealth transfer to the Washington establishment - Bidenomics
@WallStreetSilv
So the creditor oligarchy now owns more property, by value, than ever before.
The debt trap was set:
1. Sell them on the American dream/ rising prices
2. Increase money supply to generate inflation
2. Then, increase rates & transfer funds/ assets to financial oligarchy
@WallStreetSilv
But deportation will incur various downsides for statists:
Lower taxes
Reduced government spending & debt
Less crime means less need for new laws, digital IDs, & facial recognition systems
Reduced velocity of money as transfer payments fall Reduced inflation
Cultural pride
@zerohedge
'Whoever wants peace among nations must seek to limit the state & its influence most strictly'.
If only people took more economics lessons from prize fighters rather than modern day academia.
@unusual_whales
The consequence of central planning by the government & the banking cartel
They determine the allocation of capital & ability to build
They've overseen massive credit expansion to the housing market while failing to increase supply
Promotes inequality & debt deflation
@Schuldensuehner
Well, just consider the following:
Deficit in peacetime of ~6% of GDP
Private sector debt service ratios are the highest in the eurozone
Capital has already been fleeing the country, as evidenced by their recent current account surplus.
Debt to GDP ~120%
Primed 💣
@KobeissiLetter
The middle class is being hit hard:
1. The marginal pricing power of their labour is being eroded by tech
2. Inflation reduces their wages & savings
3. They're sensitive to rate rises
4. They face higher tax bands on wage rises
5. They work longer when facing inflation
@unusual_whales
The craziest thing is that this is the system working as designed!
Debt is the key means for state control, enabling:
1. State expansion
2. Tyranny
3. Inflation
4. Increased taxation
5. Citizens held as collateral for the national debt
They say when the credit tap stops
@ShangguanJiewen
There's some interesting parallels here
In the west, the foundations of the middle class were laid with the deflationary gold standard & the industrial revolution
China has low inflation & enormous gains in productivity which have boosted wages
It's deliberate policy choice
@unusual_whales
This encapsulates all the evils of statism:
Inflation via excessive state expansion
Imposition of excessive taxation
Fostering of division
Erosion of liberty
@Dr_TheHistories
In 1970, Norwegian explorer Thor Heyerdahl successfully crossed the Atlantic Ocean in a reed boat named Ra II.
His goal was to demonstrate the theoretical possibility of ancient civilizations, particularly Egyptians, reaching the Americas by seafaring thousands of years before
@profstonge
They're already priming France for a crisis
A persistent fiscal deficit ~ 6% of GDP in a non-crisis era
Creation of a private sector recession via inflation, taxes & regulation
While, their recent current account surplus, reveals capital has already been fleeing the country
@archeohistories
It is incredible what many of these tablets reveal & what they represented in their time.
Some tablets have revealed a land sale involving sellers referred to as:
“The eaters of the silver of the field.”
According to Cambridge Ancient History.
This suggests that
@unusual_whales
This is desperately sad as SMEs generally employ around 70% of a nations workforce
Gov't & banks have colluded to centrally plan society
Whether it is needless regs or access to credit everything is set up to favour large corps at the expense of communities & the real economy
@WallStreetSilv
The entirety of western economic policy is to feed the unproductive, wealth extracting economy at the expense of the productive, private economy.
Less output, more debt, higher prices.
@WallStreetSilv
Stagflation is an inevitable consequence of persistent fiscal recklessness!
Caused by:
Expansion of the public sector bureaucracy, producing nothing
Imposition of excessive taxation & inflation on the productive private sector, causing productivity & employment to fall.
🤬
@thinking_panda
Even when you compare the tier 5 cities in China, the difference is so stark between the west & the east.
One county moving forward, one empire waning rapidly.
@GoldTelegraph_
The monetary & fiscal abuse that the BOJ & government have imposed upon the good people of Japan is desperately sad to witness.
But the same recklessness is now witnessed across the western world.
Hard assets are the only real refuge.
@zerohedge
Undoubtedly.
When you expand the unproductive public sector, you finance it via:
Debt
Taxes
Inflation
This cripples the private, productive economy while transferring more wealth to the state
@profstonge
Well said.
The population bears the burden of the government's reckless fiscal policies, evident through:
Rising yields,
Declining productivity,
Stagnant real wages,
Eroded savings
And a struggling private sector.
@WallStreetSilv
'A selective recession'? Never heard of that.
It's certainly a private sector recession created c/o massive state expansion via debt, taxes & inflation.
That's why the poor & middle class are struggling.
@KimDotcom
A vote for Biden is a vote for Statism:
The creation of excessive currency, which imposes the government's fiscal recklessness on society through shrinkage of real wages & savings deposits, all in aid of a transfer of wealth to the political establishment.
@archeohistories
I imagine this issue deteriorated significantly as Greece's economy deteriorated.
A brutal creditor class sought to monopolize formerly cottage industries & then pursued a process of land monopolization through seizing land as collateral for debts.
In addition, the exportation
@KimDotcom
These 'sanctions' are an active aid to dedollarize & focus trade eastwards.
But they're also easily circumvented by exporting to Kyrgyzstan!
@GameofTrades_
The craziest thing is that this is the system working as designed!
Debt is the key means for state control, enabling:
1. State expansion
2. Tyranny
3. Inflation
4. Increased taxation
5. Citizens held as collateral for the national debt
They say when the credit tap stops
@profstonge
The bureaucracy truly loath independent incomes
Small biz, already struggling with compliance burdens, will find it increasingly difficult to compete
More government overreach to stifle economic freedom, market efficiency & deliver us towards serfdom
@profstonge
The inflation policy decimates the middle class b/c they
Respond by working longer
Face fiscal drag: higher tax bands
Were society's largest group
Save for their kids & elders
Are sensitive to interest rate rises
Meanwhile, tech erodes the marginal pricing power of their labour
@profstonge
Inflation is a policy choice, but it extends to every sphere of political policy:
Economic madness via spending & inflation
Social insanity- normalization of extremes
Security- a focus solely on aggression & escalation
Environmental- deindustrialization
@profstonge
There's good reason to be angry:
Entrenched inflation
Falling disposable income
Slowing productivity
Rising debt burden
Extreme housing costs
Extreme inequality
Ultimately, all due to the policy of financial repression
@GoldTelegraph_
Russia & other nations are building a new system for international settlement
It's understandable that they wish to.promote this while the west seeks conflict escalation & economic weaponisation
But US behaviour is aiding the east
@creation247
The continued desire to demoralize and degrade the citizenry.
Yuri Bemzenov put it bluntly:
“Demoralized & enfeebled ‘masses’ tend to grab the ‘easiest’ short-cut solution to social ills, and socialism seems to them to be the best answer.”
@Schuldensuehner
Sadly, German productivity is going the same way as the UK.
EU Over-regulation & progressive centralization of the banking system are key issues.
The Mittelstand supported by community banks offered enormous gains.
Now they're following the rentier economic model.
@BRICSinfo
Yuri Bezmenov on ideological subversion:
"To change the perception of reality of every American to such an extent that despite the abundance of information, no one is able to come to sensible conclusions in the interest of defending themselves."
@WallStreetSilv
We already have bank digital currencies!
But what they truly want is programmable CBDCs for complete control.
Use cash!
It's one crucial means by which we can fight back against digital tyranny & the unproductive rentier economics of the creditor oligarchy.
@archeohistories
Amazingly, it was a pirate who created the World's most powerful central bank - The Bank of England.
William Patterson, born in Scotland in 1658, was drawn to the sea from an early age.
He started young as a trader, visiting the West Indies, and was able to point out the
@archeohistories
There is a history of mining in the Mediterranean which goes back to antiquity.
The earliest specific mention of gold or silver mining contained in Western history is derived from the story of Cadmus, a Phoenician, who in about 1594 BC opened a copper and gold mine in Thrace.
@Kanthan2030
This is a great paper explaining how China has sustained such rapid growth over a prolonger period
In essence, the secret was in Deng Xiaoping's reform to completely decentralize money creation in the hands of thousands of small banks which have to follow state priorities, i.e.
@KobeissiLetter
These dominant corporations all have:
1. Continually falling marginal costs of that which is produced & consumed
2. Enormous scalability of operations
3. Require a diminishing contribution of humans for output