Fiat Money HYPERINFLATION: Fox News Survey found that 59% of Democratic voters hold a favorable opinion of socialism – August 14, 2021,
If you’re curious as to why Joe Biden has the U.S borders wide open, the data suggests that it will help the Democrat Party to reshape America. Although some are shocked to learn that in 2020, 59% of Democrat voters hold a favorable view of socialism, the harsh reality is that this was true even in 2018, and in the 1900s, this has been the reality for a very long time.
What often stops the ascension of socialism is the economic reality, that people become less productive when the government rewards people for doing nothing. This has been my position regarding the price of Gold and Silver for a very long time.
I’m a huge believer not in Gold and Silver but in financial education. I’ve stated in prior posts that I prefer fiat money over a Gold Standard, why? Because let’s say the world was on a Gold standard now and the economy was going to crash, chances are the government would find a way to confiscate your Gold and Silver.
Most Financially uneducated people are thieves, it’s just how things are and in my opinion, the only way to correct this is not by making Gold and Silver money, you fix this via financial education and building a better society, which could also equate to secession in order to build a new society.
This is nothing new in the history of the world, there are a lot of new nations today that was created because two political sides could not get along. Now, that slavery is abolished in Western society and many of us have accepted Free Market capitalism as the best viable alternative, those who are not onboard can learn things the hard way in their own separate nation.
Now that the U.S dollar has become weaponized, it’s only a matter of time in which it’s rejected and if there’s a mass rejection of the U.S dollar, the true cost of imports into the U.S will begin manifest in hyper-inflation. These hyperinflationary events happen when a country is incapable of producing enough goods and services to be of use to the world.
America is obviously not there yet, but socialism destroys an economy rapidly and once this happens there is no fast recovery because the first thing that happens is the reality that the government workforce is the priority, so the private sector will be put in a situation in which the money it generates will be confiscated by the government, socialism is an ideology of ENTITLEMENT, socialists often don’t imagine prior welfare policies that they’re benefiting from to be the problem, they imagine the problem are these rich greedy people who aren’t paying their fair share.
In France as an example, the people who start riots are often asking the government for more regulations and free stuff. A lot of people in France imagine capitalism and free markets as something evil that should be abolished and replaced.
This is deflationary for any economy and in order to fight deflation, governments have to borrow money, which means that there’s money in existence that are purchasing goods and services it didn’t earn. This is obviously early signs of hyperinflation, meaning that the fiat money system we’re currently living under is purely a confidence game.
What triggers the dumping of U.S dollars? That I do not know, the U.S Federal Reserve is the least central of all the central banks of the world, so I’ve stated in the past that the U.S might dissolve before the Federal Reserve does. What this means is that there’s a possibility that secession in the U.S occurs before the Federal Reserve is dissolved.
After all most individuals aren’t indebted to the Federal Reserve, the governments are in debt to the Federal Reserve, and depending on what type of government is formed after a potential secession. I like to point out that the U.S dollar is often better spent outside of the United States, you’ll get more value for your U.S dollars if you spend them outside of America, so in the event portions of America secede, they could stay on the U.S dollar.
They could also form their own gold standard, but then again a lot of Americans have their wealth tied to the dollar. With that said I’m certain that legal tender laws would be revisited under a succession movement and gold might be repatriated in The New America.
The scenario I describe is a best-case scenario, but historically societies don’t escape socialism and a New America has to be conceptualized before it’s realized, which is why you should own Gold and Silver.
Majority of Democratic voters now prefer socialism to capitalism, poll finds | nypost.com
Interesting times ahead!