BANKRUPTCY is an option if Interest Rates Spike: Governments use consumer price INFLATION to avoid DEFAULTING on DEBT, Economic DEFLATION is inevitable #LateStageSocialism – December 9, 2021,

Economics is not a complex subject, I like to point out to people that money can be ANYTHING, I think Bitcoin and cryptocurrencies have shown my words to be true. To avoid being labeled incompetent, governments all over the world after being granted the ability to have a central bank to create their socialist utopia, pay for their expansion of government by robbing humans of their labor.

As an example, if you live in Venezuela and you worked for Bolivars your whole life, your labor was stolen from you, but if you voted for socialism because you’re ignorant about basic economics, you actually voted for your own destruction.  If you’re a believer in Democratic Socialism, you’ve picked the political equivalent of a Multi-Level-Marketing(MLM) business as your political ideology.

If you’re going to be a Democratic socialist word to the wise make sure you’re at the top of the political pyramid because eventually your base of support will leave and your pyramid scheme will come crashing down. Democratic Socialism is a political get rich quick scheme. The politician convinces the suckers that he can steal from the rich and give to the poor.

What the Democratic socialists don’t tell their supporters, is that the rich have the option to abandon their businesses, DIE, or simply become less productive. I’m sure I’m missing other options the rich have, but I’m trying to keep this post short. a capitalist economy is fueled by BANKRUPTCIES and price DEFLATION, people don’t like to talk about what some imagine as the negatives of capitalism, I WILL!

Bankruptcy gets rid of the malinvestment, the market at this period of time doesn’t like your idea, it’s time for you to go away, that’s CAPITALISM I’m sorry nobody likes your idea but it’s time for you to liquid and for other people benefit from your failures. If this sounds cold? You’re right, NATURE IS COLD, Natural laws are trying to make the world better and if your idea is currently not making the world better it’s better you seek other means of business or employment.

Socialism seeks to prevent BANKRUPTCY from people or entities it imagines in its future, now, if the capital fueling socialism is back by something tangible like Gold and Silver socialism won’t last very long without pillage and plunder.

Introducing the central bank and rule by fiat money, this allows the life of socialism to be prolonged because the government is in control of the money supply, and as long as the world has CONFIDENCE in the government money supply, all sorts of socialist schemes can be tried, the problem, of course, happens when shortages appear, these shortages could be shortages of “stuff” but usually the most common shortage is the shortage of LABOR.

As humans found out during slavery eras, slaves don’t like to work for free, in North Korea, humans there are willing to do all sorts of insane things to get free of that lunatic leader and many of the people born in North Korea have never tasted freedom, knowing that I want you to think about people who’ve tasted some freedom when they understand that they’re losing their freedom, how long do you think it will take before they intentionally or unintentionally become less productive?

Now, of course, the easy cure for this is for the governments of the world to declare BANKRUPTCY, but that’s unlikely to happen without a fight, we’re now in an era of Narratives, you either know what’s going on or you don’t! You’re either pro-Bankrutpcy or you’re against it. If you’re against bankruptcy it’s best that you become accustomed to malinvestment in everything and, you’d be wise to become more self-sufficient because government services as well as services closely tied to the government will continue to worsen as malinvestment increases.

Interesting times ahead!