As market instability persists, it is becoming clear that systemic economic danger is mounting. Unsound monetary policy may be at blame, but this may not be immediately clear to traditional experts.
The estimated amount of federal debt is $31.29 trillion. The combined cost of Social Security and Medicare's unfunded future obligations is more than $167 trillion.
The total amount of debt held by states and local governments is rapidly approaching $5 trillion. America has a GDP-debt ratio of 130%. Since the establishment of the Federal Reserve, the value of the dollar has decreased by more than 97%. The dollar's status as the world's reserve currency is under assault.
Warfare that was once cold is now heating up.
At the moment, Federal Reserve Chairman Jerome Powell would like us to believe that, like Paul Volcker did in the early 1980s, he plans to use rate hikes to combat inflation.
However, the United States cannot afford to service a $31 trillion debt at high interest rates if rates are increased to Volcker levels.
As the United States was then viewed as a creditor nation, Volcker was able to boost interest rates above inflation levels.
But as a major debtor nation, the United States today cannot rely on this instrument.
The world economy is in a state of crisis, and the Federal Reserve has nowhere to turn. When push comes to shove, shovel.
Some have speculated that the following features may characterize the Central Bank Digital Currency that President Joe Biden has ordered the Treasury Department to begin planning for in recent weeks per Executive Order #14067.
Thanks to GPS, we can pinpoint your exact location. You're already familiar to us thanks to facial recognition technology.
Forget about the social credit merit system; in this age of instantaneous credits and debits, tax payments are due immediately.
Do you think the CBDC's danger warnings are irrational or delusional? My gut tells me no.
The World Economic Forum included CBDCs in its Great Reset plan. The villages' willingness to submit to state control will be tested through the use of COVID-related measures such as lockdowns, social isolation, contact tracing, masks, and vaccinations.
In this regard, the World Economic Forum has advocated for the use of a required app to monitor one's social responsibility and personal carbon emissions.
What if they reveal themselves to you? You should have faith in them.
In recent years, we've seen how partisans within the FBI go after political opponents, reminiscent of the J. Edgar Hoover era. Therefore, it's easy to imagine how anyone may end up in the gunfire.
It's possible to draw any conclusion one wants from a set of numbers, and stories can be told using statistical analysis. As a legitimizer for the political establishment, economics plays a crucial function in our system.
As a result of the existence of laws like gravity, fudging numbers is far more difficult in physics. Just over 400 Ph. D. economists work for the Federal Reserve Board, making it an ivory tower full of high-falutin' economists who deliberately complicate matters.
Unfortunately, since the early 20th century, the purchase power of a Federal Reserve Note has been steadily dwindling due to the Fed's dishonest methods. Politicians utilizing complicated algorithms and mathematical calculations to hold the whole economy hostage.
Having access to sound money is the best way to avoid being subject to STATE CONTROL.
The following quotation captures the essence of this idea.
Gold has dominated the monetary system for almost two thousand five hundred years. Gold is the hardest of all physical commodities; it can be traded freely between buyers and sellers, is stable in value, can be easily transported, and is scarce.
Gold is the hardest to manufacture commodity (compared to existing stocks) and the most inflation-resistant commodity.
Gold cannot be broken. Almost every ounce mined to date still exists, and the thousands of years' worth of reserves are unaffected by current mining operations. In addition, the rate of expansion of the global gold supply is a relatively meager 1.5% annually.
There is a great deal of uncertainty in the international economy as of late, with supply chains failing and geopolitical tensions on the rise.
This means countries are becoming more wary of one other's paper currency. The value of gold is independent of any government or currency. Gold is employed as a medium of exchange in these settings due to the inherent confidence that has developed over time.
Gold has historically been a globally traded, apolitical asset. This is why many ancient and modern societies have used gold as currency for so long. The unbacked Federal Reserve Note form of the U.S. dollar, on the other hand, will ultimately go the way of other unsuccessful fiat currencies.
For a variety of reasons, governments and individuals all around the world are investing in gold.
With the goal of preventing a catastrophic failure of government-issued debt. Money printing devalues all fiat currencies.
Worry that sanctions will be imposed as a result of East-West economic tensions.
There are developing new networks of alliances and trading partners. Countries are wary of one another's currencies, therefore the ability to settle trades in gold is highly regarded.
Should you buy gold if governments throughout the world are doing it?
The preceding is a summary of an article that originally appeared on Headline Wealth.
