It appears that every trick in the book is being used to keep us as uninformed about our current reality.

I just saw a headline that global debt will hit $100 TRILLION soon. Really? That is only because all of the promises made- and not funded are not counted. Wars are off budget, so I guess the trillions spent there is just an illusion. Just here in the USA, according to USDEBTCLOCK.ORG our UNFUNDED (no money to pay for it) liabilities are over $200 TRILLION and growing by the minute. Let’s also not forget about the $29 TRILLION lent to the banks which is also off-budget. What is the real number? It’s anybody’s guess but a QUADRILLION is probably not out of the question. That would be 100X what they are saying.

Let’s also not forget about personal and corporate debt that is off the charts.

I hear two candidates for president that are offering no solution or even acknowledging the debt problem that threatens our well-being. As a matter of fact, I hear almost nobody talking about our greatest challenge at any level.

I hear both candidates espousing lower rates and a cheaper dollar. What does that mean? INFLATION. As a matter of fact, if you wanted to create inflation there would be no better way than to spend like a drunken sailor and issue ever more debt to fund the splurge.

This is not just a national and international problem. Many of our cities and states are drowning in debt and on top of that, trillions in UNFUNDED PENSION liabilities. The numbers indicate that the only way to keep most of these promises will be to conjure up the cash from nowhere to pay it. This is how those “in charge” kick the can down the road. They “print” and pay all those that were promised to be paid. The problem here is all that cash creates NO VALUE. This leads to LESS production while consumption continues- leading to the classic definition of what causes inflation. Too much cash chasing too few goods. Keep in mind that as cash is conjured up out of nowhere, it has to take a piece of value from every other dollar in existence- particularly when there is no productive asset or anything backing it- like most of the world’s currencies today.

Personally, I think this is the most insidious form of taxation that there could be. It makes it so that the labor that we engage in to sustain our lives is diluted. This is why so many are working harder and harder and are still falling behind. When we write the checks or see taxes deducted, we know what is happening. When “money” is created from nowhere we pay with higher prices for everything- leading to even higher ACTUAL taxes like capital gains that get taxed when a gain is realized. Not one in a hundred can understand what is actually happening.

Just because a house, stock or any other asset appreciates in price those “in charge” want their cut. Keep in mind that, as I wrote a few weeks ago, if the S&P was measured in gold from August 1971 to today you would have a slight LOSS. Think of all the taxes the government would have missed out on if we had an ASSET as money rather than a debt-based unbacked currency that is in freefall. Priced in gold, homes would be cheaper today than they were 100 years ago. Priced in gold oil and energy would be stable in price and CHEAP.

The PRICE of everything is an illusion. Maybe that is why Warren Buffett, and many others, are shedding stocks because they don’t see the VALUE.

As our own citizens are left to mostly fend for themselves in North Carolina and Tennessee there is PLENTY of cash for Ukraine and Israel. As a matter of fact, our troops are in Israel- and in most of the rest of the Middle East for that matter while our own wait weeks for help.

If anyone would have told me even 10 years ago that we would have “leaders” that could get away with such schemes I would have laughed you out of the room.

While billions flow to Ukraine, I see reports of Zelensky buying a vineyard in Italy, 2 yachts in the same day and who knows what else- while he sends an entire generation of young men and women to their demise.

All of this to enrich a VERY few. An American senator said the quiet part out loud- “There is $12 TRILLION of natural resources in Ukraine. We can’t let Russia and China get a hold of it.”

The BRICS are meeting in Russia as I write this. Contrary to our media’s narrative this meeting is possibly our greatest hope that the world can work together for the benefit of all and not just a few.

It is likely that, if they accomplish the multi-polar world they are trying to bring to life, we in the USA will likely suffer in the short term. Of course, if we were to work WITH the rest of the world- rather than trying to run it and exploit their natural resources we would suffer a lot less and the world would be far more peaceful than it is today.

I am not expecting our “leaders” to do the right thing. I believe they want to retain control no matter what they have to do. The rest of the world- with the exception of a VERY few have had enough of the bullying, the wars and the ruination of millions of lives.

Whatever the outcome of this week’s meeting we should be prepared for FAR higher prices, a lack of production leading to a lack of goods and a lot of social unrest. I say this because this is what we see when a currency is collapsing. We have likely not seen anything yet- even though we have lost over 97% of our purchasing power in the last 110 years. The last 3% will probably be the most painful.

Be Prepared!

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