Controlled? I doubt it will go that smoothly. It’s being done on purpose, but nobody is in control.
The Mad Max movie comes to mind.
Hey, it’s government. They can get away with anything.
And the people had better be quiet and comply. Or else!
The end game is hyperinflationary collapse of the dollar and all fiat, against commodities and especially the ultimate commodity, Bitcoin.
It happens like many things, incrementally for decades while we sleep, then all at once. We as a species are learning the power to print money is the One Ring which binds all in the darkness. Not even a saint could remain uncorrupted by such power.
Bitcoin destroys the One Ring, and removes from man forever the power to corrupt the medium of accounting.
Not sure what to make of Kim. Interesting material, for sure.
The establishment’s is deluding themselves if they think there won’t be blood in the streets, both there’s and ours.
Solution? All Freepers must immediately start selling flowers and oranger at freeway off ramps and then send the proceeds to the US Treasury. Since inflation will make the price of the flowers/oranges to $775,000 a sale, we will soon be out of debt. Problem solved.
Will probably be “points” rather than any currency like USD. It’ll be just like a game then and they have a name for that, gamified. All the facebook game players or any other game players are quite used to that as are sports fans.
Do the right things and get points. Do the wrong things and lose points. Half or more of the population is silly enough to accept it as the ‘new normal’.
Get your shot and gain points.
Use too much fossil fuel or buy too much meat and lose points.
It’s amazing he would write something like this considering his case is still under judicial review and there’s a very good chance he will ultimately be extradited to the US. He best leave New Zealand and head to Russia before that happens.
thanks
Endgame (Revelation 6):
5 When he opened the third seal, I heard the third living creature say, “Come!” And I looked, and behold, a black horse! And its rider had a pair of scales in his hand.
6 And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!”
Whether his prediction will come true or not I don’t know. US governance has been grossly defective for a long time, mainly because of the decadence of its leadership class (and by that I don’t mean it’s politicians).
However, he uses a different mode of calculation of national debt than is normal. He includes future monies owing or, rather, implied future spending on certain programs like Social Security and Medicare. That is not actual financial debt, money owing on actual loans, which is under 1/10th of his number. That is bad in itself as debt is now = gdp.
But focusing on SS and Medicare as “debt” is fallacious. Most government spending is “necessary” and is going to continue into the future as it is all, practically speaking, already committed, so why isn’t it all “debt”? Definitions and wording don’t matter to economic analysis, spending is spending.
His calculation is not the correct way to do a long term income-expense analysis. A better way is to use a net increase, expense-income, over a given time, that is, taking the deficit, not the debt, and projecting it out. He would be making a necessary but improbable assumption of a straight line projection, but that’s par for the course in these things.
Even so he would end up with a much smaller number than his assumed value of US assets. And that too is a thorny question. Valuing assets is not at all straightforward. Personally I would use a present value of US GDP discounted for x years at y% interest. We can argue over appropriate values of x and y.
Bookmark
RE: He doesn’t know where it’s all going and he finishes the thread asking, “What’s the end game?”
The US dollar may lose hard currency status.
A trip to Europe would have to paid in Euros and Chinese imports paid for with raw materials, Euros or yen.
He is 100% correct. I will go further. America stands in the way of this. We must be DESTROYED for it to proceed. It will take place in the form of sabotage, and EMP or a bioweapon. Or 1000 shipping containers with nukes. Like the 1000 that are off each of our shores currently. What are we doing about it ? Nothing.