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US Debt Implosion
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Comments by "US Debt Implosion" (@timcampbell2023) on "Russian AI Bots: Subliminal Warfare in the 21st Century" video.
M2 collapsing with Federal government deficits an debt accelerating - DXY is going higher meaning nations outside the U.S. need more dollars to trade for energy and commodities. Last time M2 was seen collapsing was the great depression. It's only happened 5 times in U.S. history and right now is one of them. But the Federal government is spending more now than ever. And the yield curve is starting to normalize after being inverted for some time. 10 year is going parabolic. Monopoly money is no longer viable.
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@EconLessons problem is the system. No matter how much you tinker with it the outcome is the same. And what does it mean to pay down the debt in a debt based system? It means there is no money. We need something like what Lincoln issued, the greenback. A medium of exchange issued without interest attached. The medium of exchange should be a public utility not a privately controlled asset.
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@EconLessons biggest crash in market history happening right now in the us bond market, you should cover it.
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Yuri bezmenov kgb defector back in the 80s outlined the four stages of ideological subversion for Marxist overthrow of nation. We are in the crisis stage now. The long March through the institutions has been accomplished, the revolution is simply waiting for the trigger, which is an economic crash. With covid from china and then the invasion of Ukraine by russia we can see how the Marxists are attempting to precipitate crisis and bring about normalization. The progressives in America with their cloward Piven strategies are unwittingly working in unison with Moscow and the other Beijing to bring about the crisis and finish. Simply look at what is happening at the border, that one example speaks volumes. The endgame for the propaganda and everything else is the revolution, history is bloody, tragic and rife with gratuitous human evil. Human civilization goes through cycles where the instinct of death grips the masses, thanatos as frued would say, the collective insanity of aggression, war, revolution - we are edging closer to the abyss
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@EconLessons see Yuri bezmenov kgb defector, he's talking about something different in the "crisis" stage if ideological subversion, he's talking about how the Moscow uses propaganda to overthrow a nation.
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We can't defeat Russia with more money printing. This is the ultimate geopolitical power struggle that will plunge the world into cataclysm. The purpose of the Russia-China alliance and the nations with them is to destroy the American system. To ignore blatant realities is whistling past the graveyard. Normalcy bias.
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@EconLessons the goal of both is to end us dollar hegemony and in case you haven't noticed Opec+ is joining them. They are settling outside the dollar more and more. I can give countless examples. The effect of this will become more and more evident. One of the main effects is long-term inflation as those dollars repatriate and bid up everything here. Money printing will be less and less effective. The dollar will become an anathema to the nation's of the world, the war against it has started
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@EconLessons China envisions a world where they are the pre-eminent superpower and Russia sees themselves as #2 in the new global order. They are closely united in their fight against us dollar hegemony. Opec+ is abandoning Bretton woods 2, and the plan is to roll out a gold backed trade currency for the emerging brics alliance. The powers that be in the upper echelons of international finance who have no allegiance to any nation are going to throw their weight behind the new Chinese led alliance, the dollar system will be abandoned and left to burn
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