15

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
14 comments | Share | Flag

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."


All Comments

  • Posted by Flootus5 3 years, 8 months ago
    The U.S. fiddling with coinage goes back into the 1800's.

    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.
    Reply | Permalink  
  • Posted by $ splumb 3 years, 8 months ago
    This is why I'll never forgive Nixon.
    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.
    Reply | Permalink  
  • 10
    Posted by Ben_C 3 years, 8 months ago
    Off the Gold Standard and Opening the China Floodgates. Thank you Richard Nixon - not.
    Reply | Permalink  
  • Posted by starguy 3 years, 8 months ago
    I am reminded of the ancient Chinese curse, "May you live in interesting times."
    Well, here we are.
    Reply | Permalink  
  • Posted by Dobrien 3 years, 8 months ago in reply to this comment.
    I would guess the down vote is because I copied a Q post that is very pertinent. Some here have lapped up the slop the MSM spews about Q.
    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”.
    Reply | Permalink  
  • Posted by Aeronca 3 years, 8 months ago in reply to this comment.
    Wow. All the times I heard this song on the radio I never made out all of the lyrics. Makes sense now. ThanQ.
    Reply | Permalink  
  • Posted by Dobrien 3 years, 8 months ago
    2619
    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
    Reply | Permalink  
  • Posted by Dobrien 3 years, 8 months ago in reply to this comment.
    Evil twists distorts and perverts reality. Follow the money. It is the central banks. The Khazarian mafia,
    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?”
    Reply | Permalink  
  • Posted by Aeronca 3 years, 8 months ago
    All the graphs on www.wtfhappenedin1971.com are amazing. So many things are tied into the economy. Incarceration rates, advanced degrees, prevalence of lawyers, growth of healthcare administration...the one that awes me the most is that political speeches express more feelings and simpler language.

    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.
    Reply | Permalink  
  • Posted by Aeronca 3 years, 8 months ago in reply to this comment.
    Right. How long can individuals survive that way when the whole machine breaks down? When there's no law and order to keep your farm and property safe. When you run out of bullets.
    Reply | Permalink  
  • Posted by $ Markus_Katabri 3 years, 8 months ago in reply to this comment.
    5 by 5
    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.
    Reply | Permalink  
  • Posted by mhubb 3 years, 8 months ago
    food
    water
    water filter system
    non-gmo seeds
    lead
    guns
    ammo

    make sure you have all of these and more
    soon
    Reply | Permalink  

  • Comment hidden. Undo