America is teetering on the precipice of economic collapse due to 100+ years of Keynesian economic policies and a total departure from the sound money principles that made America great.
The American people have become conditioned to hearing only what government technocrats and the corporate media want them to believe.
Therefore, many refuse to connect with the fiscal reality that America is in dire straits as a consequence of 100+ years of fiat money printing combined with the limitless borrowing and debt creation that is inherent with big government married to Central Bankers…
Connecting the Dots Video Podcast
Guest: Professor David Collum PhD is a Professor of Organic Chemistry at Cornell University and a frequent contributor to Zero Hedge. Although his professional training and career at Cornell are in the field of Organic Chemistry, Dr. Collum was raised in a very capitalistic family where his father taught him much about free markets and Friederich Hayek's economic principles.
…The U.S. Dollar is no longer backed by anything but the faith and credit of the American taxpayers with every dollar coming into existence as a debt obligation, subject to continual piling on of perpetual interest.
You can only live on borrowed money for so long before you have to pay the piper, and the piper is standing right in front of us holding a IOU for $37+ trillion in Treasury bond obligations with another $200+ trillion in unfunded long-term liabilities.
Because of our founding as a constitutional republic with strong property rights and limited government control of individual and small business decision making, America was always the most productive and innovative economy in the modern world……..until recently.
After WWII the United States produced nearly 50% of all consumer goods and much of the food for the entire world. Because the U.S. was geographically isolated from most of the bombing and physical damage of the war, it became the military- industrial engine for the Allied war effort, and already had the infrastructure in place to quickly retool after the war for the manufacture of consumer goods.
Our land was productive and our people even more so, with a heritage of self reliance and a work ethic second to none. Free markets and the best education system in the world were essential for innovation, making America the hub for industry and new ideas that made the entire world a much better place.
That all began to change in the 1970s as a consequence of international entanglements vis-a-vis the military industrial complex, a rapid growth in the role of government, Federally imposed education standards, increased acceptance of Cultural Marxism, and a new focus on leisure time, with endless free stuff provided by government using taxpayer dollars.
The service economy, entertainment industry and television replaced American manufacturing as U.S. corporations became trans-national corporations, exporting American jobs to China, Mexico, India; wherever cheap labor could return big profits to corporate stockholders.
Americans were told that white collar jobs would replace manufacturing jobs, only to realize too late that white collar jobs were also being off-shored to India, China, the Philippines, and elsewhere. Although high-tech jobs and the internet was a God-send providing seemingly limitless opportunities for innovative technology gurus, a failing U.S. education system combined with a lack of work ethic is leaving many American youth in the dust.
None of this is by accident! It was all planned as a way to cancel the concept of American exceptionalism and the idea that individuals should own and control private property, including their own bodies and minds.
We now live in a unipolar world rapidly descending into global/socialist/technocratic style of government where “you will own nothing and be happy” according to WEF President Klaus Schwab.
Government generated statistical data that in times-gone-by were useful tools to gauge overall economic health and trends to evaluate current and future investment opportunities, have become little more than political propaganda to convince us that all is fine when it isn't.
Government economic data has been massaged and modified to paint a rosy picture of an ever expanding and robust U.S. economy, despite clear evidence that it's not. In 15 years we have increased our short term Treasury obligations from $10 trillion to $37 trillion as if it were nothing, and currently obligate 57% of individual income taxes to paying interest only on that debt, with no plans to pay the principle.
Moreover, with Middle Class taxpayers in debt up to their eyeballs and savings shrinking to the lowest levels in history, banks are borrowing the massive Fed expansion of the money supply and investing in the stock market and commercial real estate; falsely inflating the value of both in an economic bubble that will pop with disastrous consequences.
To hide the enormity of the problem and keep the debt bubble floating forever, International Banksters led by the Fed are proposing a totally cashless world (Central Bank Digital Currencies) where Central Banks in collusion with compliant governments will be able to manipulate the money supply electronically with virtually no oversight and absolute control of society through a social credit system that rewards conformity and obedience and punishes anyone unwilling to do the government's bidding.
Our immediate challenges are obviously THE ECONOMY STUPID, and we had better use our noggin for something other than a useful place to hold a hat and start saying NO to financial tyranny.
WAKE UP AMERICA before we lose the few remaining freedoms that we have!
