Corruption (and Inflation) Crisis Has Been Growing Since 1971 When the USD Went Full Fiat
Posted by freedomforall 3 years, 8 months ago to Government
Excerpt:
"These turbulent times have been coming for fifty years. The rise of the technocrats, the tech giants, the billionaires, crime, wokery, inflation, climate witchcraft, big pharma, the rampant and deadly corruption — is all made possible by one thing.
The rot started with the corrupted currency, and now infects every corner of the world — corrupting not just markets but minds. When our medium of exchange is undisciplined, everything else follows. Fake IOU’s built from thin air devalue the incentives that drive people to make things better, faster, and stronger. It punishes the savers, and feeds speculative greed. The reckless and corrupt surf the easy money wave. And the world’s reserve currency, the US dollar, has been corroding for decades. The free ride on easy borrowed money has fed the corrupt oligarchs, the hedge fund takeovers, the super multinational conglomerates, the tech giants, and the wars. It is as it always has been.
This is what BlackRock came from, and Gates, Zuckerberg, Dorsey, and the WEF. All of them rode the wave of easy money and easy loans. Through predatory purchases on credit, they were able to buy out competitors or grind them down. What’s left are mega-glomerates of media, pharmaceuticals, and a sea of influence so vast that BlackRock commands more money than the GDP of every country bar China and the US, and Bill and Melinda Gates are the second largest “nation” funding the World Health Organization.
...
WTF Happened In 1971?
The is the fall of Rome type stuff.
The USA was so much wealthier until the end of the 1950s. Then its gold was frittered away, as other counties asked for gold in return for the US dollars they had earned. By the late 1960s, nations led by France realized the price of gold was artificially low and called the bluff, asking for delivery of the gold instead of the dollar, and at that point the game was up. It all came to an end in 1971, when the supply of gold in the US was running too low. Convertibility to gold was suspended by President Nixon, and the world was then on a purely paper currency. Starting in 1971, the US dollar — and every other government currency — was no longer backed by anything (except implied promises to tax its citizens for more US dollars). With the constraint of convertibility to gold gone, the printers at the US Federal Reserve were free to unleash more paper dollars. Free money — printed in paper and then in digits in bank accounts began to blink into existence, and so did inflation.
Dollars are just another commodity, where supply and demand matter."
"These turbulent times have been coming for fifty years. The rise of the technocrats, the tech giants, the billionaires, crime, wokery, inflation, climate witchcraft, big pharma, the rampant and deadly corruption — is all made possible by one thing.
The rot started with the corrupted currency, and now infects every corner of the world — corrupting not just markets but minds. When our medium of exchange is undisciplined, everything else follows. Fake IOU’s built from thin air devalue the incentives that drive people to make things better, faster, and stronger. It punishes the savers, and feeds speculative greed. The reckless and corrupt surf the easy money wave. And the world’s reserve currency, the US dollar, has been corroding for decades. The free ride on easy borrowed money has fed the corrupt oligarchs, the hedge fund takeovers, the super multinational conglomerates, the tech giants, and the wars. It is as it always has been.
This is what BlackRock came from, and Gates, Zuckerberg, Dorsey, and the WEF. All of them rode the wave of easy money and easy loans. Through predatory purchases on credit, they were able to buy out competitors or grind them down. What’s left are mega-glomerates of media, pharmaceuticals, and a sea of influence so vast that BlackRock commands more money than the GDP of every country bar China and the US, and Bill and Melinda Gates are the second largest “nation” funding the World Health Organization.
...
WTF Happened In 1971?
The is the fall of Rome type stuff.
The USA was so much wealthier until the end of the 1950s. Then its gold was frittered away, as other counties asked for gold in return for the US dollars they had earned. By the late 1960s, nations led by France realized the price of gold was artificially low and called the bluff, asking for delivery of the gold instead of the dollar, and at that point the game was up. It all came to an end in 1971, when the supply of gold in the US was running too low. Convertibility to gold was suspended by President Nixon, and the world was then on a purely paper currency. Starting in 1971, the US dollar — and every other government currency — was no longer backed by anything (except implied promises to tax its citizens for more US dollars). With the constraint of convertibility to gold gone, the printers at the US Federal Reserve were free to unleash more paper dollars. Free money — printed in paper and then in digits in bank accounts began to blink into existence, and so did inflation.
Dollars are just another commodity, where supply and demand matter."
In history far back into antiquity.
I was 9 years old in 1964 when they removed silver from the mix. I smelled a rat, but couldn't articulate anything. So, what I did over the next couple of years was take some of my lawnmower money and go to the bank and buy a roll of dimes. Take it home, remove the silver dimes, replace with the "shaved" post 1964 dimes. Take the roll back and trade for another one. Repeat maneuver. Same with quarters. Until the silver coins just....disappeared from the banks. But not mine, I still got those "junk" coins.
Forget about Watergate, that's kid's stuff.
He took us off the gold standard, normalized relations with China, and laid the foundations for our current state of destruction.
Well, here we are.
Oh well, I’ll just keep posting the truth and the lap dogs will keep nicking me. As Andrew Brietbart said ‘Fuck you” pause “war”.
Dec 12, 2018 7:01:15 PM EST
Q !!mG7VJxZNCI ID: 089200 No. 4281049
Dec 12, 2018 6:57:57 PM EST
Anonymous ID: 376ff2 No. 4280876
>>4280189
anon asks Q: Do we have the GOLD?
>>4280876
Yes.
GOLD shall destroy FED.
Q
Partially described by Mick Jagger in Sympathy for the devil.
“ Please allow me to introduce myself
I'm a man of wealth and taste
I've been around for a long, long years
Stole million man's soul an faith
And I was 'round when Jesus Christ
Had his moment of doubt and pain
Made damn sure that Pilate
Washed his hands and sealed his fate
Pleased to meet you
Hope you guess my name
But what's puzzling you
Is the nature of my game
Stuck around St. Petersburg
When I saw it was a time for a change
Killed Tsar and his ministers
Anastasia screamed in vain
I rode a tank
Held a general's rank
When the blitzkrieg raged
And the bodies stank
Pleased to meet you
Hope you guess my name, oh yeah
Ah, what's puzzling you
Is the nature of my game, oh yeah
I watched with glee
While your kings and queens
Fought for ten decades
For the gods they made
I shouted out
Who killed the Kennedys?
When after all
It was you and me
Let me please introduce myself
I'm a man of wealth and taste
And I laid traps for troubadours
Who get killed before they reached Bombay
Pleased to meet you
Hope you guessed my name, oh yeah
But what's puzzling you
Is the nature of my game, oh yeah, get down, baby
Pleased to meet you
Hope you guessed my name, oh yeah
But what's confusing you
Is just the nature of my game
Just as every cop is a criminal
And all the sinners saints
As heads is tails
Just call me Lucifer
Cause I'm in need of some restraint
So if you meet me
Have some courtesy
Have some sympathy, and some taste
Use all your well-learned politnesse
Or I'll lay your soul to waste, mm yeah
Pleased to meet you
Hope you guessed my name, mm yeah
But what's puzzling you
Is the nature of my game, mm mean it, get down
Woo, who
Oh yeah, get on down
Oh yeah
Aah yeah
Tell me baby, what's my name?
Tell me honey, can ya guess my name?
Tell me baby, what's my name?
I tell you one time, you're to blame
What's my name
Tell me, baby, what's my name?
Tell me, sweetie, what's my name?”
I also see the Pareto Principle at work in the financial graphs. It's no surprise that the rich got richer when Nixon killed the gold standard in 1971. But the Pareto Principle explains many forces in nature. Wealth is destined to concentrate in the hands of a few. As surely as water runs downhill. Kings, Communists, Capitalists...always a rich ruling class controls all and owns most. Now the Globalists...
Now Biden is buying votes from people with a promise to reduce their debt, while he prints money to stick in their left pocket and grabs twice as much out of their right pocket.
Yeah the dumbocrats have the inflation definition all wrong. But they fully understand, they just think they can hide their thievery by changing definitions.
Food
Water
Ammo
Fertilizer
Vitamins, Supplements, Drugs
Fuel
I’ve long thought there should be a preparedness category.
A lot of our Gulchers seem very cerebral but that in and of itself doesn’t put protein in the stomach.
water
water filter system
non-gmo seeds
lead
guns
ammo
make sure you have all of these and more
soon