The government issues debt and the federal reserve buys that debt.
Instead of the government taking your money, the government takes your purchasing power, and that's a tax.
Borrow, tax and spend has now become print and spend.
Today's generation, thanks to social governance indoctrination, believes that as long as the government can print more money, then there's no excuse that they should be denied what they believe, they are entitled to.
This is a video that should be sent to the youth of today.
This video also does a good job explaining the benefits of a free market society vs that of an entitlement/socialist form of government.
The government tries to hide the rate of inflation by artificially keeping the rate of interest to a minimum. This has been the governments playbook.
And soon we are about to suffer the consequences of all this inflation.
The covid plandemic has merely accelerated this process.
During the pandemic, spending did not cut back, it just simply shifted from buying from mom and pop shops, to online purchasing via Amazon.
When the private sector is struggling with pressures like the pandemic, government needs to free up those resources and give back to the private sector. Instead the problem has been compounded by increasing the toll exacted by government. And the result is more debt than ever before and more printed money than ever before. And with that becomes more dependence on larger governance than ever before.
The taxes will also continue to increase, even as inflation skyrockets.
Informative and simplified explanation.
He explains how the federal reserve prints and spends.
The coming collapse will be far worse than 2008.
Inflation is taxation.
https://usdebtclock.org/
“...explains how to protect yourself during these times...”
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Let me guess.
He is shilling for gold and silver.
.
Many big Companies are poised to have layoffs.
Some were even lobbied by the WH to hold off.
Looming
Leonard Cohen before he died: “Oh and one more thing. You aren’t going to like what comes after America.”
I didn’t watch the video as I have a short attention span. But we truly live in uncertain times. And one of these days these doomsayers are going to be correct. And then woe to those who didn’t listen.
But in the meantime, listening to those guys has been a losing bet.
I suppose the safest bet is to diversify. Continue to invest in America by buying blue-chip stocks. And keep plenty of water and Dinty Moore beef stew in the basement. Ammo, too.
I mention Dinty Moore because folks caught up in the Kosovo war valued cans of Dinty Moore above all else.
Solution is pretty simple. Eliminate all Democrats.
This video only explains what caused the problem.
It does not provide any constructive advice at all on how to “weather the storm” or protect yourself in any way
America collapsed when Brandon and company took over.
A stolen election will result in a national collapse. The voter should have seen it coming.
(worse than 2008)
And it will be
“Worse than I think?”
I don’t think so. I have a pretty good imagination.
His fears are overblown. But gold is indeed looking strong.
So many think gold is going to save us. Perhaps it might work in a short term but no one can eat it.
Ezekiel 7:19
21st Century King James Version
19 They shall cast their silver in the streets, and their gold shall be removed; their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord. They shall not satisfy their souls, neither fill their bowels, because it is the stumbling block of their iniquity.
https://www.biblegateway.com/passage/?search=Ezekiel+7%3A19&version=KJ21
Preppers’ ping.
There’s a lot who cry even more doom and gloom - while trying to sell their audience products to “save them all”.
I agree we’re in for some bad times, but some of these folks are fully into the concept of “Don’t let a crisis go to waste when there’s an opportunity to enrichen yourself by shilling for it.”
Peter Schiff has made a career out of gloom and doom.