Yes, The World Is Still On a Gold/Commodity Standard, Austerity Is Inevitable – There Will Be a Delay and the Start Date To Austerity is Unknown – September 21, 2023

To my surprise, and I love getting things wrong, Argentina is the FIRST country to implement austerity; not simply cutting government spending, they’re getting rid of entire departments, which is the austerity measures I’m referring to, also the current President of Argentina Javier Gerardo Milei, ran a political campaign of Austerity, equating to the Argentine people being mentality prepared for potential CHAOS.

 

In the United States and even in Canada on the flip side, the potential Milquetoast Conservative replacements for their current Far Left Presidents and Prime Ministers are disinterested in austerity and are more focused on better management of the Far Left economy they could potentially inherit.

In the modern global economy, thoughts and IDEAS are being heavily regulated by BIG GOVERNMENTS, which equates to a lot of INEFFICIENT innovations being created that exist only to be efficient in a BIG GOVERNMENT-run economy.

A lot of Libertarian types who believe that the fiat U.S. dollar should be abolished are confused as to why an anarcho-capitalist like Javier Gerardo Milei would want to use the U.S. dollar, why not return Argentina to a Gold Standard, they might say, well, for non-U.S Countries, the U.S. dollar is eerily similar to a gold standard, in that their governments can’t simply print money to pay for their BIG GOVERNMENT ideas.

In Argentina, U.S. dollars have to be EARNED, which brings some normalcy back to their country, and puts limits on government spending and government corruption.

With that said, one has to ask, well, why are we still on a gold/commodity standard if the U.S. dollar can help countries shrink their governments? Well, that’s because resources are still SCARCE, and most of the world is still inefficient with resources and would rather use politicians to steal things for them.

If you’re an anarcho-capitalist like myself, you’re already staring seeing ECONOMIC PARADISE, the problem is that how do you get others to see what you already see.

For example even if you’re against GMO, GMO just solved world hunger, and it’s done such a good job, that we now have a lot of companies popping up that focus ONLY on healthy foods, now, a control freak, a person who loves big government, will say to themselves, the GOVERNMENT should BAN GMO, because we have better alternatives available, this is DESTRUCTION of the economy, because by BANNING GMO, you’re imagining a one size fits all economy, meaning hat you’re creating a TOTALITARIAN society in which we can’t innovate ourselves to a happy medium.

What tends to happen with EVERYTHING, if the government gets out of the way is that humans become more innovative to steal market share from their competition. If GMO foods are bad, what will happy, is that you’ll get more and more companies, working to make GMO more healthy and this doesn’t happen immediately, it’s a process, that does NOT include the government or central planners.

When the government stays out, humans are FORCED to get smarter about things, it’s not that it’s a perfect process, but it’s an innovative one, that revolves around the collective IQs improving. When the government bans something entirely with price controls and other regulations it creates incentives to be inefficient and this inefficiency is EXPENSIVE.

This inefficiency also never stops, layers and layers of inefficiency are added with every new politician, however people who are anti-austerity imagine that cutting government waste is going BACKWARDS, “LOOK AT ALL THE PROGRESS WE’VE MADE” lovers of Big government will argue.

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This is why the timeline for austerity is unknown, however, one should look at the gold and other commodity reserves, to comprehend what’s really happening in the economy. For example, Gold prices aren’t moving much, oil prices are stagnant; this is a clear sign of deflation, so when the economy is deflation, the BIG GOVERNMENT concept is to reward the government with cheap money, but as you’ll observe cheap money equates to bigger government, and what is big government in practice, it’s a war on INNOVATION, big government is a war on capital it’s a war on efficiency, it’s a war on DEFLATIONARY prices.

Capitalism is all about doing more with LESS, capitalism is price deflation, capitalism is about preserving and cultivating capital, capitalism is about EFFICIENT corporation, and capitalism is the REAL DEMOCRACY, as people will vote with their capital.

This or that company is more efficient with ENERGY, so I send them my capital, capitalism is a very basic concept, the opposite of capitalism is SOCIALISM, which is indeed ANTI-AUSTERITY.

Until you see the people of your country wanting to see the government shrink, be aware that consumer prices will continue to rise.

Interesting times ahead