May 7 2018
The world is in a difficult position and America is between a rock and a hard place. Rationalizing usury is becoming less popular — you would think, especially among developing countries whose currency values are grossly nonexchangeable for U.S. currency to where they can’t borrow her money to build infrastructure for transporting and trading their resources, then whether they can pay the interest without going into default and having their resources repossessed. I wonder whether the BRICS countries see the writing on the wall about the central banking system having no physical underpinning, i.e. the USD is a fiat currency, like the EURO and many other major world currencies, which is not money whose value is underpinned by gold or silver, called commodity money. The British pound Sterling is the oldest fiat currency in existence for 317 years, but when a currency system collapses, it always reverts to a commodity system. These Federal Reserve Banks are not even a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public, but its Board of Governors is an independent government agency, and the Federal Reserve Banks are set up like private corporations. Commodity money in our pockets is more desirable than useless monopoly paper. I suppose you can purchase many physical goods having intrinsic value with paper when the going is good, but over the years there has been a steady, general increase in prices and fall in the purchasing value of USD money. BRICS is in its early stage of development, though seeks to accomplish what banks do, at least at this time for its member countries. Examining the latest challenges facing U.S. economic policy around the globe and how a kink in the petrodollar system alone could alter our foreign policy efforts is frightening. Who doesn’t know that whoever controls the issue of the currency controls the world and its resources? With the trillions in debt, the credit card debt, gold manipulation, the global debt bomb extending into oblivion: the debt plus derivatives debt equaling over 1 quadrillion dollars (1,000 trillion dollars); these obligations don’t make for a very sustainable fiscal policy here or in any other country. You would think at some point, the central banking system would go pop already, just like the dot com bust or housing market crash, and with all the predictive programming, media, and Web sites that revolve around post-apocalyptic, survivalist themes leaves you marveling and asking yourself whether these central bankers are juggling to prevent or cause a crash of the world’s reserve currency for all their greed and irresponsibility, which would cause hundreds of millions to suffer. There shouldn’t be any wonder or regret then why the U.S. is a jingoistic war hawk requiring a strong national security adviser to protect the central banking system it shares with her allies (and axis powers), another word for the freedom to buy anything money can buy, when you have it. For Trump to ever move in the direction of a commodity banking system would mean a radical change, a restructuring, nothing short of what central bankers would perceive as a shakedown who would attempt to impeach him. Well, I mean; you have to wonder whether Trump sees the writing on the wall, with all the negative sentiment he’s been getting about his collusion with Russia; and how he primes his audiences on how it’s a good thing to get along with Russia. Time will tell whether Trump’s attempt to bring back manufacturing and straighten out trade is too little too late or will do the trick to keep America and her allies on their feet, but for any real length of time is a real stretch for me.