A reminder that European Union Was Created To HIDE Hyperinflation in Europe: Why The Great Reset CAN NOT Prevent Hyperinflation, Let’s Revisit The Petrodollar – January 15, 2023,
Currently, a lot of noise is being made about the World Economic Forum meeting in Davos, and some are talking about The Great Reset Agenda, which is inevitable at this point. The problem I have with the Great Reset agenda actually has little to do with the canceling of the debt; the actual problem will be the RECONSTRUCTION of the economy.
The current economy runs on fossil fuels, which wasn’t CENTRALLY planned; this happened primarily because of the DEMAND for energy in particular forms helped the PRODUCTIVE members of society become more efficient at MASS production. As I like to point out, although some would argue that a GOLD STANDARD is preferred, I will argue that an oil or petroleum standard makes the most sense in the modern economy.
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This is hard to wrap your mind around if you believe in a definitive solution for money; I personally think money should be based on whatever the market demands. I’m also not against an elastic money supply; fractional reserve banking does work and will work if the CENTRAL planners are not included in the process.
Money or a currency is an UGLY process when it starts, but once the engine gets moving and the productive members of society come to a common understanding, the private sector will value it’s preferred medium of exchanges in ways that make sense to being EFFICIENT with resources. The central planners have no intention of being efficient; the central planners want to be portrayed as the heroes of society.
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The central planners prefer engaging in some sort of wealth redistribution scheme; the benefits the UNPRODUCTIVE. We also can not ignore the DEMAND for the central planners. Because if you’re a loser in a market economy and some politician or central planner presents themselves as a quick-fix solution to your economic and financial woes, you’ll gladly give them a try.
Even if you’re relatively successful in a market economy, but your competitor is more efficient with resources than you are, you too might embrace a central planner or political figure who is promoting a wealth redistribution narrative. The problem with accepting STOLEN property or accepting UNEARNED benefits via a centralized figure is that you’ll son imagine yourself more productive or efficient with resources than you really are.
There are a lot of private companies that exist today that would be BANKRUPT or non-existent without help from governments or central planners. Meaning that if we were to have a more competitive market-friendly GLOBAL economy, a lot of the PRIVATE businesses you see today would either cease to exist or would have to be completely restructured.
When you start talking about a Great Reset, the central planners have imagined themselves similarly to the way Hugo Chávez, Robert Mugabe, and many European leaders PRIOR the creation of the European Union imagined themselves. Capitalism is mostly a United States thing; most countries in the world embrace their own version of a socialist economy.
There are many variations of socialism, and all have failed; it’s actually quite funny that landlocked Switzerland, which wrote its constitution to mirror the United States Constitution, has been not only one of the best countries economically in Europe but also a country with one of the strongest currencies in the world.
Let’s not forget that Davos is in Switzerland, and what makes Switzerland unique in Europe is that it has the equivalent of STATE’s rights. The Swiss do not have an overbearing FEDERAL government, in fact, little emphasis is made on the President of Switzerland; becoming the President of Switzerland is almost a random occurrence, and the President of Switzerland has little influence over each Canton/State in the country.
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This is OPPOSITE to what the globalists are trying to achieve; the globalist wants a one-world government, meaning that if the global central planners get it wrong, the entire world suffers. Currently, the elites of the world have decided to declare war on fossil fuels, and because the global economy runs on fossil fuels, this centrally planned fossil fuel war has led not to more money printing but HIGHER costs of doing business.
Now, as costs to produce things get higher, the financial markets ASSUME that central bank interest rates should retreat, but why this doesn’t happen is because the cost of doing business are based on DOMESTIC REGULATIONS ON ECONOMIC ACTIVITY. Meaning that if a private business can’t make a profit, they’d prefer to close the doors of their business rather than take a loss or go DEEPER into debt.
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Making matters worse is that most politicians and central planners are BLAMING private businesses for their war on fossil fuels. If I’m a common person who knows little about business or central planning, I don’t care whose creating the problem; I want it solved, so yes, if a politician or central planner presents their dumb idea in a context that resonates with me, I might indeed vote for my own economic and financial destruction.
However, as Venezuela and other Federal government top-heavy countries have learned, what happens when there’s an overbearing Central planning political class is that private businesses will stop doing business, declare bankruptcy and even leave a country altogether and that’s when SHORTAGES happen.
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Shortages of things are already happening right now, and if the central planning elites are successful in their attempt to reshape the economy into a regulatory nightmare, shortages of things will ACCELERATE.
As we’ve already observed with Brexit, secessions can happen VERY QUICKLY if central planners are successful with their global takeover. How secessions will happen is beyond my comprehension. Still, once productive people start starving, I expect behaviors will change. If all the countries under the new world order are getting poorer at a rampant rate, countries who may have embraced the new world order will likely abandon it soon after.
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I like to remind people that the purpose of the European Union was to hide all the HYPERINFLATION that was occurring in Western Europe, and if we’re to be honest, the rise of China helped the European Union tremendously. I bring this up because these European elitists are overrated, and if they’re successful with the globalist push, I suspect things will start to unravel within my lifetime, and what comes out from the wreckage will be far better than what we have now.
Once the Berlin wall fell and SOCIALIST east Germany was freed from tyranny, Germany flourished as these socialist pushes to take over the world yet again; I remind the reader not to abandon your love for liberty; we’ve beat these globalists before; we’ll beat them again.
Interesting times ahead!