Today everything must be dumbed down to the lowest common denominator of readers or viewers… Any news must be superficial and short. Most content must have an entertainment or gossip value. All serious matters are either left out or covered very briefly. We are now in the age of instant gratification. Viewers’ interest can only be kept by short superficial language, lots of big images and constant change of focus. This has led to most people either becoming ignorant or misinformed. No one is really interested in the truth but, nevertheless, here it is!
This article is an edited ([ ]) and revised (…) version of an article by Egon von Greyerz to ensure a faster & easier read. It may be re-posted as long as it includes a hyperlink back to this revised version to avoid copyright infringement.
The beauty of not educating people is that it is much easier for the politicians and powers that be to use propaganda and to manipulate them. Nowhere is this more obvious than in the financial system. We have in the last 100 years, since the Fed was created, experienced the worst possible destruction of money without anyone being aware. For most people, this has involved a destruction of savings and pensions and a massive accumulation of debt, both individual and government. For the creators of this system, the beauty is that it has been done so elegantly that very few people are aware.
…The problem is also that governments never publish honest figures. All statistics are manipulated in order to hide the truth. Official inflation figures are always below the real inflation rate. This is done to hide the mismanagement of the economy and to save on indexed payments such as social security and pensions.
Current Real Inflation Is Almost 10%
John Williams Shadow Government Statistics helps us to find the truth. Just look at his real inflation calculation since 1981. Real inflation has been well above the official figures since the early 1980s.
As the graph shows, real inflation is currently just below 10% which is 8% above the official figure of 2% but, naturally, no journalist or analyst would ever bother to study the real figures.
Real Purchasing Power Has Declined by 97%
…Few Americans are aware that their real purchasing power has declined by 97% since that illustrious day on August 15, 1971 when Nixon sold the U.S. down the drain. It is now only a matter of time until the dollar goes to ZERO.
Since 1971, money printing and credit expansion has grown exponentially but the average American hasn’t got a clue because the media never discusses “irrelevant” matters like the destruction of the U.S. currency and economy. It is much more important to follow what Justin Bieber is doing or who Trump’s team talked to before the election.
What is guaranteed is that the final stages will involve massive money printing leading to hyperinflation. This is the only remedy left to a bankrupt nation which has not had a real budget surplus for soon 60 years. The coming hyperinflation might not be as high as what occurred in the Weimar Republic but, even if gold just goes up to the inflation adjusted level since the1980 high, it would today be $15,500.
Extent of Global Debt Guaranteed to Lead to Catastrophe
… global debt has gone up exponentially in the last 2-3 decades…[and] none of this debt can ever be repaid with real money. If we include derivatives and unfunded liabilities, we are looking at a global debt level of $2.5 quadrillion. That is 35x global GDP, an astronomical figure that is guaranteed to lead to catastrophe…
The U.S. is now on the verge of economic, political and military collapse. Based on history, most countries in that situation will start a war. Let us hope that this does not involve a major nuclear conflict, the consequences of which will be disastrous for the world.
munKNEE should be in everybody’s inbox and MONEY in everybody’s wallet!
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