The devaluation of the currency as in the United States today is nothing less than undeclared war between the government and the people. This is all under the umbrella of patriotism and benevolence.
Throughout the history of civilization, empires rise and then fall.
Although the final stages of collapse can be rapid and violent, the actual collapse is gradual and occurs over years and decades. Because of gradualism, the collapse is usually imperceptible to the people. Only a handful observe the increasing oppression of the people and recognize it for what it is. And no one, it seems, learns from history.
There are several schools of thought as to what precipitates the end of empires. Two years ago Stratfor, the globalist think tank for multinational corporations, posited two of them. Citing the 1987 The Rise and Fall of the Great Powers, it pointed out that western powers since 1500 AD all fell after they were drawn into foreign entanglements that forced them to spend more of their wealth for wars. This created underinvestment in domestic needs, sending the country into an economic and social decline that emboldened more enemies. This created a cycle of more war and oppression.
In The Collapse of Complex Societies, author Joseph Tainter suggested that empires collapse following a loss of confidence in the ruling elite and traditional institutions. This idea was echoed in the book, Empire and Civilization by Niall Ferguson.
Do you see this in America today?
I believe both of these are true and would add another. There is a direct connection between debauching of the currency and the moral and social breakdown of society. America is experiencing all three simultaneously: engagement in multiple foreign entanglements (wars), loss of confidence in the ruling elite and traditional institutions and debasement of the currency through money printing.
When people are forced into impoverishment by devaluation and depreciation of their money, not only will they be impoverished, but they are headed for social and moral breakdown and finally internal war and revolution.
What the American people don’t understand is that when the Federal Reserve creates trillions of dollars that it calls “quantitative easing,” it does two things. No. 1: It dilutes the currency, thereby reducing the value of all currency in circulation. No. 2: It is transferring wealth to the government away from all dollar holders.
This is stealth or silent warfare against the American people. This is serious because it leads to impoverishment of the middle class and finally to complete economic collapse. This is happening now and has been occurring since the creation of the Federal Reserve in 1913!
How is it that not everyone knows about this? Many people see the chaos and feel the economic oppression, but they refuse to believe the cause. Yet it is laid bare for all to see. By refusing to look, we are sanctioning our own enslavement.
We are square in the middle of decadence masquerading as civilization. Social and economic oppression is closing in, but we accept it under all manner of rationalization and government propaganda. Declining morality is further evidence of empire in decline.
While most of the people may be oblivious, the elites and ruling powers are well aware of what is transpiring. The Pentagon recently published a study in which it makes clear it is aware that the primacy of America in the world order developed after World War II is rapidly coming to end, that the American empire is collapsing and it is making plans for this “post-primacy” environment.
And its conclusions, though not surprising because failing regimes have always used oppression, manufactured enemies and psychological warfare in their last days, are frightening prospects for liberty.
The solution proposed to protect America in the “post-primacy” era includes more of what the establishment is doing now: more surveillance, more propaganda and more military expansionism.
According to the study, the future without American dominance will be one in which there are Arab Spring-style events, not just in the Middle East, but all over the world, because of loss of confidence in traditional institutions and what the Pentagon describes as a breakdown “traditional authority structures.” The report notes the U.S. homeland is especially vulnerable to breakdown of traditional authority structures, stating:
The United States and its population are increasingly exposed to substantial harm and an erosion of security from individuals and small groups of motivated actors, leveraging the confluence of hyperconnectivity, fear and increased vulnerability to sow disorder and uncertainty. This intensely disorienting and dislocating form of resistance to authority arrives via physical, virtual and psychological violence and can create effects that appear substantially out of proportion to the origin and physical size or scale of the proximate hazard or threat.
But the report ignores the role of the ruling establishment in these attitudes.
The report notes that one of the great drivers of the decline is the loss of message control due to the rise of alternative media which challenges conventional wisdom. To counter this, the report proposes stepped-up use of mass surveillance and psychological warfare.
Additionally, the report says efforts by Russia, China and, to a lesser extent, North Korea and Iran, to improve their economic status and act in their own best interest pose a grave threat to American dominance.
Karl Marx long ago suggested that capitalist economies escape from their “internal contradictions” by going to war. So the U.S. government is poised to turn its attention from its constitutional duty of assuring the general welfare of Americans to assuring the general welfare of the global elite and their global economy in order to maintain world dominance.
Governments since the Roman Empire have created enemies to instill fear in the population so that the people are manipulated into giving more police power over to the government. Politicians always go along with this Machiavellian deception.
Another great danger to the American people is that the elite who are presiding over the downfall of America will create a new tyranny disguised as a new and better system. We do not wish to exchange organized crime for organized crime under another name.
The world is bound up in a paper money/credit explosion that can only end badly. What it really means is impoverishment for millions of people, most of whom are totally oblivious to the roaring undercurrent.
There is little wisdom in announcing an economic crash after the fact. Yet some people get upset that I continue with ongoing warnings of a coming financial “pandemic.” Seeing the probabilities before they happen is the only prediction that is worthwhile. Afterwards is merely reporting the obvious.
My findings are that the American people don’t believe that we can have economic collapse followed by economic and social chaos. They suffer from normalcy bias. We need to pay more attention to history of the United States and the world.
The U.S. dollar is progressively buying less and less. The middle class and savers are impoverished. The process of currency destruction is getting faster and faster. This always happens in the final stages.
Even former Fed Chairman Alan Greenspan, whose policies have contributed to the collapse, is sounding the alarm, stating to CNBC on Friday that the bond market is on the cusp of a collapse that also will threaten stock prices:
The current level of interest rates is abnormally low and there’s only one direction in which they can go, and when they start they will be rather rapid… I have no time frame on the forecast. I have a chart which goes back to the 1800s and I can tell you that this particular period sticks out. But you have no way of knowing in advance when it will actually trigger.
And that is the point. No one ever knows exactly when the collapse finalizes. That’s why we preach preparedness ahead of time. Hold some cash in your possession, along with gold and silver. You should have food and water stockpiled, along with guns and ammo.
As the collapse continues and escalates, look for violence to also escalate. People get more desperate as they get hungrier. Desperate people do desperate things. Arab spring was just a picnic.
Better times are coming, but the firestorm comes first.
The Essence of Liberty Volume III: Liberty: A Universal Political Ethic. This is the volume that pulls it all together. With reference to Hans-Hermann Hoppe’s description of Murray Rothbard’s work, it is a “unique contribution to the rediscovery of property and property rights as the common foundation of both economics and political philosophy, and the systematic reconstruction and conceptual integration of modern, marginalist economics and natural-law political philosophy into a unified moral science: libertarianism.” Available in both paperback and Kindle versions.
You might be interested in the other two volumes of this three volume set: The Essence of Liberty Volume I: Liberty and History and The Essence of Liberty Volume II: The Economics of Liberty