EP6 At What Cost?: Monologue
There are very few things in our world that are more ubiquitous than money. As the line goes from Silverchair's song Tomorrow “You say that money isn't everything, but I'd like to see you live without it”.
We all give or have given a significant portion of our lives to the pursuit of money. Some of us have been more fortunate than others in this regard but when it comes down to it we all pretty much share the same kind of dependence because without money most of us would starve. Regardless of the lifestyle you lead in this modern world, who you are socially, or whatever politics you believe in, if someone froze all of your assets you would be in quite a pickle. The U.S. government and others around the world do this to wanted criminals because it makes it so much harder for them to escape justice, but as we've seen since the start of the Biden presidency, average freedom loving Americans can be considered criminals for not obeying the orders of our senile Cornholio impersonating president.
Giving something as valuable to us as our currency to a demented old creep like Joe Biden has so far been a disaster. You can blame it on his mental decline, or blame it on the political influence from the donors responsible for selecting him for office, either way the politics of money in our culture bore most people. The reality of our economic situation becomes apparent to most when they look at their paycheck and it's smaller or go to the grocery store or gas pump and everything costs more. Cue the Let's Go Brandon chants at that point. But aside from mocking the corrupt politician, father of a crack smoking bag man, and hair sniffing, kid groping, vax pimp, what can we as the American people do to influence what happens with our dollar?
We could always ask our elected officials to step in and protect us from the financial disaster of radically altering our monetary system, but we all know how that can work out. Especially you poor folks living under the boot of Democratic leadership. You can wait to vote those pieces of garbage out, if that's even possible anymore with these stupid mail-in ballots, but ultimately the Federal Reserve Bank is who makes the calls, and their chair is appointed by the president. At this point, barring some kind of miracle, we are in for a much longer and bumpier ride with a president who might as well have his rectum molded to the shape of Xi Jinping's hand.
The creature from Jekyll Island otherwise known as the Federal Reserve Bank is an entity all to itself despite the chair appointment. They manipulate our fiat currency to help stabilize markets. Markets that in recent years that have been destabilized by speculation, rampant spending, and radicalism in the form of Modern Monetary Theory. MMT in a nutshell is printing and spending your way out of debt. That's probably not going to make sense to most of you because it doesn't. but it's the perfect tool for useless politicians to never have to be held to account for their recklessness when it comes to preserving the value of our reserve notes. Our national debt has never been higher, our spending has never been more out of control, and the control our government and the corporations that influence it over the cost of living life in America has never been greater.
Some say getting off the gold standard was part of the mistakes that got us here. Others say the reliance on the stock market to determine policy and the financial outcome of the nation is to blame. Big banks, hedge funds, and even larger, scarier, and less transparent central banks can collapse a nation's economy in a day. Why would we give anyone that much power? Have we learned nothing about human behavior to help us understand that power corrupts?
For the most part, no, because most of us are never educated about finance and how it works. The average person has no clue how our banking system works and for a nation mostly educated by public schools this shouldn't be a shocker. When you rely on the people robbing you and even robbing your grand kids of financial independence for telling you how the scheme really works you're probably not gonna walk away with much of any understanding.
The stock market has become a casino for some over the past year. Businesses have been shuttered and large businesses have been profiting from their demise. Supply chains have frozen to a halt causing shortages and may even ruin Christmas. Thanks Brandon.
Folks, it could always get worse. Now imagine if you went to the store with a bunch of money and there wasn't anything there you could afford because a loaf of bread costs more money than your savings. A pretty extreme example, but one closest to the realities experienced in Germany's Weimar Republic or more recently in Venezuela. This is what's called hyperinflation.
When we print more money, which is basically moving some numbers around digitally these days, it devalues our currency. So when you go to spend it you have to use more of it to get what you want. The value of the currency we use being a fiat one means that the value of it is largely based on the confidence in the stability of our nation. Does our nation feel very stable to you?
It certainly doesn't make me feel any better that Biden is trying to put a Comptroller of the Currency in place that would strip the power from your local bank and give it all to the Fed. In my humble opinion, centralizing power leads to un-imagined and more severe consequences. It leads to less accountability and less transparency which sounds like a stretch at this point I know.
The one glimmer of hope that I can see coming from all this is the realization of how important American owned businesses and local banks and credit unions are. Maybe if we didn't choose to put our eggs so close the corporatist snakes in Washington D.C. we could eventually hatch enough to prosper?