The Coming Collapse of the Global Ponzi Scheme

It will not be long before federal governments all over the world, consisting of the one in Washington, self-destruct.

Strong words, but anything less would be naïve.

As financial expert Herbert Stein once stated, “If something can not go on forever, it has a tendency to stop.” Case in point: fiat money political routines. Interventionist economies of the West are in a deadly downward spiral, comparable to that of the Roman Empire in the 2nd century, strained with unsustainable debt and the antiprosperity policies of federal governments, particularly the Green New Offer.

In the global Ponzi plan, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Charles Ponzi and Bernie Madoff

made some of their financiers a whole lot poorer, however the world didn’t come crashing down as an outcome.

For that– for a Ponzi scheme that would threaten to insolvent capitalism across the entire Western world– you need individuals much smarter than Ponzi or Madoff. You need time, you require energy, you need inspiration. In a word, you require Wall Street.

But Wall Street alone does not have the strength to provide a genuinely cataclysmic outcome. If your aspiration is to produce havoc on the biggest possible scale, you require access to a balance sheet facing the tens of trillions. You need power. You require eminence. You need an impressive desire to trick. In a word, you need Washington.

As Gary North wrote in a quick review of Feierstein’s book, “The central banks have conspired with the national governments in order to fund huge increases of national financial obligation, beyond what can ever be settled. Simply put, [Feierstein] has actually described federal government assures as part of an enormous global Ponzi scheme.”

In a current interview, Peter Schiff, who was made fun of when he anticipated the economic meltdown of 2007– 9, stated interest on the federal financial obligation alone “will be about a trillion by the end of this year. By the end of next year [it will reach] two trillion dollars– and that’s if interest rates do not increase … This is a substantial financial obligation bomb that’s going to explode.”

Ultra-high business and credit card financial obligation, along with bank insolvency sustains his argument for a coming collapse, the polar opposite of Biden’s financial dream.

Together with this, Reuters notes that the spread in between two- and ten-year Treasurys is at the deepest inversion since 1981. Hardly ever has an inverted yield curve not signified an economic downturn.

Can Jerome Powell and his consultants guide the economy into a soft landing? Not this time. “The only landing possible is a crash, where everybody on board dies,” Schiff recently tweeted.

Ponzi and Madoff went to jail for their schemes, however how do you prosecute federal governments for theirs? Prosecution suggests being a part of federal government. And with unusual exceptions such as Ron Paul, those who enter into federal government think gold is a barbarous antique and the Fed is a good thing that simply requires a little federal government tinkering. So, the guilty will go unpunished, unless public outrage misguidedly turns to nonjudicial violence. The rest will be too busy attempting to endure and protect those they care about.

The War on Being Human

A research study of history, including United States monetary history, makes clear that the state is not in the business of protecting our liberty. As the previous 9 hundred plus days have actually made clear, any defense of “liberty” would likely be considered as hate speech. Instead, we are flooded with the feel-good words of variety, equity, and addition in addition to the fear-driven campaigns of climate change and killer covid. Challenge any of it and you’re demonized– or even worse.

However the state can’t do anything substantial without monopolizing money, and the Orwellian central bank digital currencies (CBDCs) will be the most recent installation to control the financial system. The new FedNow payment system with its focus on user convenience is providing the structure and mental grooming for CBDCs.

The Shadow Superpower

We can stop this from taking place. Two states, Florida and Indiana, have effectively prohibited CBDCs as money in those states. Other states will likely follow. The government will forbid cash at some time, but those who use it now are casting a vote versus CBDCs.

Many people will turn to barter, some using barter metals, and to the shadow economy. If this sounds desperate, consider how the international black market in 2011 was the world’s fastest-growing economy. Sometimes referred to as System D, it features both the normal, small deals of flea market trades or workers searching for work in the parking lots of home improvement shops and likewise bigger, international trades. David Obi, a Nigerian, counting on his cellular phone and his own initiative, got in touch with a Chinese firm to have little diesel-powered generators shipped to his home country, where electric power is often scarce: “Like almost all the deals between Nigerian traders and Chinese manufacturers, it was also sub rosa: under the radar, outside of the view or control of government, part of the unheralded alternative financial universe of System D.”

Friedrich Schneider, research study fellow at Johannes Kepler University Linz, Austria, whose know-how is in off-government economies and who coauthored The Shadow Economy, found that System D is growing faster in numerous countries than the formally recognized gross domestic product. If System D were an independent country, it would be the second-largest economy on the planet.


The future is unsure, however we can assist identify the outcome if we take responsibility for it. Wikipedia specifies System D as “a manner of reacting to obstacles that need one to have the capability to believe rapidly, to adjust, and to improvise when getting a job done.” In this sense success has always depended on System D, with or without federal government.

The American term for it is life hack, “any technique, faster way, ability, or novelty technique that increases efficiency and efficiency, in all walks of life.” Whatever you call it, it describes a spirit all of humankind needs to embrace if we are to make it through the coming collapse of federal government Ponzi plans.

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