I understand that from the point of view of the political leadership and other bigdeals, that what we usually call money is simply a useful fiction. However, from the point of view of working people and their dependents, who have to work to get it, it's allowed to behave in a real enough manner. If China goes to war, then the price of eggs in China goes up. If the US spend hundreds of billions of dollars on hardware for the Russians to blow up in Ukraine, the value, however fictional, of that funny money still has to be taken from the US either in the form of their labor or their savings or entitlements. (Unless it can be stolen, as in Syria.) I am surprised I have to explain this. Yes, the money is fiction, but force makes it real enough for the lower orders.
EVERYONE - individually - has its own path to walk. But THE TRUTH we all have in common no matter whether someone believes it or not. Those believing in FIAT CURRENCY - Baal in disguise - are going to have a rude awakening not matter how knowledgeable they believe to be about Baal. Your comment misses the point despite all the correctly mentioned properties and dynamics within the system - which is simply a testimony to the CLEVERNESS and thereby DIABOLICAL NATURE of those having concocted it and nurtured the notion within THE MAJORITY that NOTHING exists outside their SYNAGOGUE OF LIES!
I think you missed the part where US fiat currency was being held by almost all nations as the reserve currency there by exporting US inflation to the rest of the world. Over the last 5 or 6 decades the US could print as much as it wanted while maintaining low inflation at home as the reserve currency. Many times massive printing in the US resulted in a stronger dollar as it devalued the local currency of those nations holding dollars. It was truly a masterful move to export our inflation. That game is nearly over with now as American politicians and power brokers are so arrogant they think they can rule the world through the dollar.
Yes, I was limiting my observation to the general fate of empires. I left a number of things out. My view sort of follows that of Paul Kennedy, an actual scholar. It is certainly noticeable that of the modern states who followed the imperial path, most came to moral and physical bankruptcy if not utter ruin and destruction. As for the United States, I said something like "We can now almost write the history of the future." The longer the downfall is held off, the more severe it will be.
I understand that from the point of view of the political leadership and other bigdeals, that what we usually call money is simply a useful fiction. However, from the point of view of working people and their dependents, who have to work to get it, it's allowed to behave in a real enough manner. If China goes to war, then the price of eggs in China goes up. If the US spend hundreds of billions of dollars on hardware for the Russians to blow up in Ukraine, the value, however fictional, of that funny money still has to be taken from the US either in the form of their labor or their savings or entitlements. (Unless it can be stolen, as in Syria.) I am surprised I have to explain this. Yes, the money is fiction, but force makes it real enough for the lower orders.
EVERYONE - individually - has its own path to walk. But THE TRUTH we all have in common no matter whether someone believes it or not. Those believing in FIAT CURRENCY - Baal in disguise - are going to have a rude awakening not matter how knowledgeable they believe to be about Baal. Your comment misses the point despite all the correctly mentioned properties and dynamics within the system - which is simply a testimony to the CLEVERNESS and thereby DIABOLICAL NATURE of those having concocted it and nurtured the notion within THE MAJORITY that NOTHING exists outside their SYNAGOGUE OF LIES!
I think you missed the part where US fiat currency was being held by almost all nations as the reserve currency there by exporting US inflation to the rest of the world. Over the last 5 or 6 decades the US could print as much as it wanted while maintaining low inflation at home as the reserve currency. Many times massive printing in the US resulted in a stronger dollar as it devalued the local currency of those nations holding dollars. It was truly a masterful move to export our inflation. That game is nearly over with now as American politicians and power brokers are so arrogant they think they can rule the world through the dollar.
Yes, I was limiting my observation to the general fate of empires. I left a number of things out. My view sort of follows that of Paul Kennedy, an actual scholar. It is certainly noticeable that of the modern states who followed the imperial path, most came to moral and physical bankruptcy if not utter ruin and destruction. As for the United States, I said something like "We can now almost write the history of the future." The longer the downfall is held off, the more severe it will be.