The Nomad Economist: This is How Capitalism Ended with Bailouts, The Dollar is Finished


The Nomad Economist
Premiered Apr 15, 2022

There is no turning back from these low rates. The die has been cast. Every asset is valued in terms of cheap money. Nearly 1/5 of US corporations traded on the open market are zombies with massive debt and zero profit.

Negative Interest Rates is coming on large deposits. Your checking/bank savings account will continue to make you a nickel a year. But the cost of Negative Interest Rates will be passed along to the consumer for products like insurance. Zero Interest Rates killed the economy dead . It Can never be fixed, The Rubicon has been crossed .

The best hope now is for a managed decline without a lot of bloodshed . Since 1913 the dollar has lost 98% of it’s purchasing power. The current US Dollar is worth 3 cents of a 1913 US Dollar. The US Dollar isn’t strong. It is just that every other currency it’s being compared to is worthless. And as John Rubino says: “There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero.”

Currencies are trading in a false paradigm; it is the coordinated collusion of the major central banks that have allowed this charade to exist. It is essential to understand that wealth is contained within a rather closed system.system of fiat money by-laws and rules that discourage freedom of movement into tangible assets.

This has sheltered currencies from a storm of volatility . The failure or significant repricing of any of the world’s four major reserve currencies will destroy the myth that major currencies are immune to the same fate that has haunted so many currencies throughout history.

Simply put, when the nations are granting them have proven unable to control their budgets, their currency is crushed under the weight of debt. All fiat currencies are theft; it’s just that it isn’t realized by most till it’s worthless. You can’t fool everyone all of the time, nope.

But nobody is in a position to tell us how something more satisfactory could be put in place of the gold standard.

Money is superior to Counterfeit. Investment is superior to Theft. Ethics is superior to Praxeology. Analytics is superior to Sophistry. Over 100 years of renaming counterfeit as a kind of money, theft as a kind of investment, ruminating over behavior that has been and not which ought to be, and attaching argumentation to false suppositions rather than definitions, the Instituted has never positioned well.

Everyone can tell you what standard is better than gold: Simply ask, if theft and robbery are bad behavior, then how can stealing by law be for the common good? As long as the global reserve currency is dollar peg on air, it is guaranteed that the purchasing power of all currencies, including the US dollar, will continue to devalue since the gold standard was pulled.

 You need $635.00 to match the value of a 1971 $100.00 bill. A foreign leader understands the disadvantage of the system against its economy. The dollar has been designed to control everyone’s currency and not a very simple system to undo.

However, its greed won’t last forever. The dollar is only worth 15.7% what it was worth in 1971. Your money has lost nearly 85% of its value in less than 50 years. But hey, that is what you get when you let your government print as many (toilet paper sheets) , dollar bills, as they want to year after year after year.

Nixon made this printing madness possible when he unlinked gold and the dollar. The Fed will print US Dollars from thin air to buy treasuries, in unlimited quantities at no cost to satisfy global liquidity demands, and YOU WILL accept dollars for your goods, your services, and your labor.

Without real, free-market capitalism, we are doomed. Government interference in the economy, predatory capitalism, false economics in education, corporatism (fascism), cronyism, campaign contributions, lobbying, etc. has destroyed the real capitalism and put the final nail in America’s coffin.

 The spread of Socialism is just a symptom of America’s death spiral. Gerald Celente says, “capitalism ended with Bailouts” .


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