I am sharing this film because it is absolutely necessary and should be mandatory in every single school. It explains how the USD is in the current position of power, various similarities are happening as we speak. The history repeats over and over and over again.

If you enjoyed this please familiarize yourself with what ''Cantillon effect'' is, I will share a great link to an article. iT is absolutely necessary to understand why banks and central bankers are the foundation of the problem. This is very important, central bank digital currencies are coming and that will be the end of freedom. This will be the ultimate ability for central authorities to control every single facets of our life.

Why does our purchasing power is going down and every item keep costing more when technology is continually driving cost lower? Robotization/automation/technology drive the cost of production lower and lower and lower.

Get together people, we are stronger united.



Link for Cantillon effect : https://mises.org/library/how-central-banking-increased-inequality

Germany, where more and more banks charging penalty interest rates on checking accounts from their customers. More than 500 banks now have passed on negative ECB rates to their clients. So investors have toxic mix of negative interest rates and high inflation.

This will become the new normal with CBDC's

Unlike Bitcoin the USD use the proof-of-violence protocol. The latest failure in Afghanistan gives a ton of information and signal to the rest of the world that the US isn't the power it used to be. What if Afghanistan is a massive trading corridor and a soon to be belt and road partner? Maybe the war in Afghanistan wasn't about opium or terrorism threat. What if one of the biggest lithium deposit in the world is in Afghanistan and is now controlled by Taliban's? What if Biden's administration was purposely sabotaging the country energy needs and purposely sabotaging what the beautiful United States used to be? What if the ultimate end game was to have full control with central bank digital currencies and put the UN or IMF with their SDR (special drawing rights) https://www.investopedia.com/terms/s/sdr.asp

I'm only brainstorming here but are you paying attention?

Who is Henry Kissinger
Who is Klaus Schwab
Who is Dick Cheney
Who is Maurice Strong
Who is Kary Mullis
Who is Mark Carney
Who is Augustin Carstens
Who is Larry Fink
Who is Hal Finney

'Saudis sign military cooperation agreement with Russia'

This is huge if you know the petrodollar history between the US and the Saudis that Kissinger made possible. Russia and China have dumped most USD Treasuries and have been stacking gold for a few years.

The financial system about to change and the current proposition set to replace it will be centralised AS FUCK. This is a very very dangerous path

https://www.rferl.org/amp/saudi-russia-arms-weapons-/31425164.html

This post was edited by TheHitman on Aug 27 2021 01:15am

Tl;dr

Buy more Bitcoin?

It's not about deflationary assets, it's about trust in the currency and who controls the inflation;

Friction in the economy causes the crashes and depressions, here's a good vid about that:

What do you mean by friction in the economy causes the crashes and depressions? Do you think the banks and credit creation (increase of money supply) and the central banks & their monetary policies have any role to play in boom and busts cycle?

Because one mans spending is an other mans salary; Less friction in the economy causes higher production, which should cause less debt. When banks can't serve enough liquidity that is needed for the society to work, then the society doesn't work.

From my understanding, the problem with cheap credit is that the money doesn't end up at the right place. Instead of ending up where it is needed ( various businesses that serve the society ) it ends up on the stock market, in real estate and in assets such as gold, silver, oil and crypto currencies.



But yeah, I might be totally wrong also, I don't have any education in finance

You're not wrong you are 100% right. Commercial banks create about 97% of the money supply and it mostly end up like you're saying in stock market, real estate and inflate the hard assets. Cantillon effect is the name we call this phenomenon. Economic is very simple, everyone can understand that printing money without bringing any value to a society is non sense but somehow all stay silent on the subject. One need to produce and add value just like the German's does with the insane amount of small and medium enterprises. Imagine a picture of a young kid playing with blocks, it's a common thing in human behavior to stack blocks together, the more one stack blocks the more fragile the tower become. This is exactly what our current monetary system look like, it might be done over and over again, it always end up the same way when you allow someone to print blocks out of nothing. Money itself is just a medium of exchange we all agree on, it could be shellfish or anything else. It store the value of someone work time, some have to work longer for the same money and some work less but it's a time unit of account.

The fact that some private entities have the right to create money out of nothing is non sense in itself, the lack of education on the subject is astounding in the general public. Since private corporations have the right to print the currency we use we have to exponentially work harder in order to earn a currency growing exponentially weaker.
There is a very, very good book on the deflation subject it's called The Price of Tomorrow by Jeff Booth This is the best book I read so far and has the potential to change your view of the world forever.

This post was edited by TheHitman on Aug 28 2021 11:34pm