Our Monetary Ponzi Scheme

Money MachineWhen you hear there is a “currency war” or that “reducing the value of a currency will increase a countries exports” you are hearing propaganda. There is no mechanism by which printing money makes manufacturing more efficient. That’s silliness. The real story is that the Dollar is dying, and financial collapse and chaos will result. The U.S. is printing money to stave off the collapse, and central banks around the world are printing money in effort to prop the dollar up! Everyone will suffer when the Dollar goes up in smoke, so everyone is participating in kicking judgement day down the road.

The U.S. Dollar was debased in 1971. It has no backing, which means in real terms, it has the same value as an expired coupon. You could have traded 35 dollars in for an ounce of gold, but that offer has expired. Every currency that has been debased has ceased to exist. It’s just a matter of how long the public will remain in a delusional state about the meaning of their currency. In the end, the hard fact – it’s nothing but a piece of paper, will force the issue. The root problem with the financial markets right now has to due with people trying to trade in their paper assets for real stuff, and the real stuff isn’t there. Shockingly, printing money didn’t create more real stuff. This financial strife will continue until people demand paper assets that are guaranteed to represent real stuff – a backed currency.

To slow down this result, and to give the banks time to trade their paper for real stuff, we are being fed lies. We hear that printing money is “good”. Or “The Dollar is backed by the faith and credit of the United States.” What is the nature of such backing? They promise to give you a government bond in exchange for your Dollar? And to pay you back for that bond with devalued Dollars? The whole thing is a scam. It’s a monitary ponzi scheme.

Steve Young

About Steve Young

Steve Young is a business intelligence software developer and DBA, and founder of UniversalPrinciple.org.
This entry was posted in economics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *